CMG Technical Signal Analysis
CMG have 3 buy signals and 4 sell signals now. The current trend is uptrend starting from 2025-03-07. The total price change during this trend is -2.99%. Recently, the price has decreased with an increase in volume, indicating a strong bearish signal. The average turnover of CMG over last 5 trading day is $788,877,015.40
3 Bullish Signal
4 Bearish Signal
Name
Signal
Value
Meaning
Relative Strength Index (14 days)
RSI_14 < 30
29.51
Bullish
Commodity Channel Index (20 days, 0.015 constant)
CCI_20_0.015 < -100
-137.01
Bullish
Williams %R (14 days)
WILLR_14 < -80
-90.64
Bullish
Name
Signal
Value
Meaning
Awesome Oscillator (5, 34)
AO_5_34 < 0
-4.88
Bearish
Momentum (10 days)
MOM_10 < 0
-4.01
Bearish
Moving Average Convergence Divergence (12, 26, 9)
MACD_12_26_9 < 0
-1.88
Bearish
Closing price
close < fibonacci_S1
48.73
Bearish
3 Bullish Signal
Name
Signal
Value
Meaning
Relative Strength Index (14 days)
RSI_14 < 30
29.51
Bullish
Commodity Channel Index (20 days, 0.015 constant)
CCI_20_0.015 < -100
-137.01
Bullish
Williams %R (14 days)
WILLR_14 < -80
-90.64
Bullish
CMG Support and Resistance Level
The support levels for CMG are at 48.81, 47, and 44.06, while the resistance levels are at 54.69, 56.5, and 59.44. With the current stock price at 48.73, it is leaning more toward the support levels.
CMG Technical Analysis
Technical Analysis of CMG Stock
Current Price and Technical Indicators:
- Current Price: $50.26
- RSI (14): 32.90 (Oversold)
- MACD: -1.52 (Bearish)
- Stochastic Oscillator: 25.71 (Oversold)
- Fibonacci Pivot: $52.12
Key Levels:
- Resistance Levels: $55.06, $56.88
- Support Levels: $49.19, $47.37
Bollinger Bands:
- The stock is currently near the lower Bollinger Band, indicating potential oversold conditions.
Volume Analysis:
- Volume: 24,666,758 (High trading volume, indicating strong interest.)
Recent News Impact:
- Insider buying activity and positive analyst upgrades (e.g., Morgan Stanley) suggest confidence in the stock.
Conclusion:
The stock is currently oversold, with strong support at $49.19. The combination of oversold RSI, Stochastic Oscillator, and proximity to the lower Bollinger Band suggests a potential rebound.
Recommendation: Buy CMG at $50.26, targeting a move toward the Fibonacci pivot point ($52.12) and higher resistance levels.
CMG FAQs
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CMG Buy or Sell
CMG has 3 buy signals and 4 sell signals now. Overall the technical rating for CMG is Neutral.
Neutral
Sell
4
Buy
3
CMG Moving Average
This analysis outlines the stock's performance across different time frames using Simple Moving Averages (SMA). In the swing, the stock shows a negative trend with the 48.73 below the SMA_5. In the short term, the stock shows a negative trend with the 49.76 below the SMA_20. In the mid term, the stock shows a negative trend with the 52.66 below the SMA_60. In the long term, the stock shows a negative trend with the 56.9 below the SMA_200.
Swing
Negative
Stock Price Below SMA_5
Short Term
Negative
SMA_5 Below SMA_20
Mid Term
Negative
SMA_20 Below SMA_60
Long Term
Negative
SMA_60 Below SMA_200
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What do technical indicators suggest about CMG's current trend?What are CMG's key support and resistance levels?