CONTANGO SILVER & GOLD INC (CTGO) Technical Analysis
NYSEARCA:CTGO • US21077F1003
Current stock price
CTGO Technical Rating and Analysis
We assign a technical rating of 4 out of 10 to CTGO. Although CTGO is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- CTGO is part of the Metals & Mining industry. There are 163 other stocks in this industry, of which 61% are performing better than CTGO.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- When comparing the yearly performance of all stocks, we notice that CTGO is one of the better performing stocks in the market, outperforming 71% of all stocks. However, CTGO's most recent performance is quite weak.
- CTGO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CTGO is lagging the market.
- In the last month CTGO has a been trading in the 16.37 - 26.09 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CTGO Weekly and Daily overview Charts
CTGO Setup Rating and Analysis
CTGO has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
CTGO Support and Resistance Analysis
17.48
2 important support areas can be observed.
- A support zone ranging from 21.71 to 22.00. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @17.66 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 23.51 to 23.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 24.60 to 24.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 25.34 to 25.72. This zone is formed by a combination of multiple trend lines in the daily time frame.
CTGO Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for CTGO is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CTGO is neutral. |
| ChartMill Relative Strength | 71.14 | POSITIVE | CTGO has a high relative strength, it outperformed 71.14% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CTGO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CTGO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of CTGO is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.99 | NEUTRAL | The RSI value for CTGO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.22 | POSITIVE | The MACD value suggests CTGO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 57.5 | NEUTRAL | The Stochastics value for CTGO is a neutral value. |
| Average True Range in percent/ATR (20) | 6.56 | HIGH VOLATILITY | The high ATR as a percentage value for CTGO suggests high volalility. |
| Average Directional Index/ADX (14) | 19.99 | NEGATIVE | The low ADX value for CTGO suggests a weak or negative trend. |
CTGO Chart- and CandleStick Pattern Analysis
CTGO Technicals: Chart, Performance Metrics, Trend & Indicators
22.84
+0.84 (+3.82%)
CONTANGO SILVER & GOLD INC / CTGO TA FAQ
What is the technical rating for CTGO stock?
ChartMill assigns a technical rating of 4 / 10 to CTGO.
Can you provide the trend direction for CONTANGO SILVER & GOLD INC?
The current trend direction for CONTANGO SILVER & GOLD INC (CTGO) is Bearish.
What is the RSI signal for CONTANGO SILVER & GOLD INC (CTGO) stock?
CONTANGO SILVER & GOLD INC (CTGO) has an RSI value of 50.987. This indicates that the stock is currently neutral.
What is the MACD signal for CONTANGO SILVER & GOLD INC (CTGO) stock?
The MACD indicator for CONTANGO SILVER & GOLD INC (CTGO) has a value of 0.221009, indicating a bearish trend.
Can you provide the support and resistance levels for CONTANGO SILVER & GOLD INC?
CONTANGO SILVER & GOLD INC (CTGO) has a support level at 22 and a resistance level at 23.51. Check the full technical report for our detailed analysis of CTGO support and resistance levels.