CG US SMALL AND MID CAP ETF (CGMM) Stock Technical Analysis
NYSEARCA:CGMM - NYSE Arca - US14022A1025 - ETF - Currency: USD
We assign a technical rating of 3 out of 10 to CGMM. CGMM performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
CGMM has a bad technical rating, but it does show a decent setup pattern. 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 23.38. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 22.71, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CGMM 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
22.28
When analyzing the support we notice one important area.
- A support zone ranging from 22.51 to 22.71. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 23.38 to 23.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
NYSEARCA:CGMM (4/28/2025, 8:04:03 PM)
23.37
+0.09 (+0.39%)