NYSEARCA:CGDG - NYSE Arca - US14021L1098 - ETF - Currency: USD
Overall CGDG gets a technical rating of 8 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CGDG is showing a nice and steady performance.
Besides having an excellent technical rating, CGDG also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 31.39. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 31.24, a Stop Loss order could be placed below this zone.
28.17
We found 2 important support areas.
When analyzing the resistance we notice one important area.
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
ENTRY | EXIT | DISTANCE | CAPITAL |
---|---|---|---|
31.46 | 30.85 | 0.61 (1.94%) | 25.00% |
An entry @31.46. This is a Buy Stop order right above the resistance zone. | An exit @30.85. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.61 points, which is 1.94%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.48%. |
31.33
+0.31 (+1%)