CGG: technical opportunity (AT)


The MACD is positive and above its signal line. This configuration confirms the right orientation of the title. In addition, the strength indicator, the RSI, does not contradict this assumption. Stochastics are not overbought, leaving the medium-term upside potential intact. The volumes traded are lower than the average volumes over the last 10 days.

Movements and levels

The title is trending downward. It is below its 50-day moving average located at 0.64. The 20-day moving average is lower than the 50-day moving average. Our first support is 0.59 EUR, then 0.57 EUR and resistance is 0.72 EUR, then 0.75 EUR

Technical analysis
Tendency Calculated data
Technical advice Positive Price as of 12/31 0.63
Underlying trend Negative MM20 0.63
Support 1 0.59 MM50 0.64
Support 2 0.57 RSI 48.30
Resistance 1 0.72 MACD 0.00
Resistance 2 0.75 Stochastic 62.33

Technical analysis provided by © TEC

Technical Analysis provided by TEC © 2021. All rights of reproduction and representation reserved. TEC is an analysis of the technical situation of an asset at a given moment and which is liable to change at any time. The concepts of support and resistance come from the elementary principles of technical analysis. This indicative information does not in any way constitute an invitation to sell or buy. The reader remains solely responsible for their interpretation and for the use of the information made available to him.

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