CAP GROUP CONSERVATIVE EQ (CGCV) Stock Technical Analysis
NYSEARCA:CGCV - NYSE Arca - US14020U1007 - ETF - Currency: USD
Overall CGCV gets a technical rating of 2 out of 10. CGCV performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
Although the technical rating is bad, CGCV does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 26.47. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 24.93, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CGCV in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
24.63
We found 1 important support area.
- A support zone ranging from 24.88 to 24.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 26.47 to 26.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 27.67 to 28.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
26.32
+0.1 (+0.38%)