Computer Modelling Group Ltd (CMG.TO) Shares Dip -7.14% Lower For The Quarter

Computer Modelling Group Ltd (CMG.TO) has ended the quarter in the red, yielding negative results for the shares at they ticked -7.14% over that time frame. In taking a look at recent performance, we can see that shares have moved -18.42% over the past 4-weeks, -27.01% over the past half year and -33.56% over the past full year. Computer Modelling Group Ltd ‘s weekly performance is at 1.87.

Some investors may be bemoaning the stock choices they have made over the last year. Crafting a detailed plan may help with turning things around. The stock market is still running at high levels and investors need to be able to make every trade count. The next couple of weeks may be a great time for investors to review the portfolio and make some adjustments for the last few months of the year. Most investors realize that there are no certainties when it comes to stock market investing. Investors who make the proper preparations and put in the extra time may be able to get themselves headed on the right track to realizing profits.  

When looking at technical levels, traders should not overlook the RSI reading as it often can dictate if momentum has pushed past a key metric. The current 7-day RSI stands at 49.63, and the 3-day is sitting at 64.96.

The Relative Strength Index (RSI) oscillates between 0 and 100. Generally, the RSI is considered to be oversold when it falls below 30 and overbought when it heads above 70.

Looking further at additional technical indicators we take note that 14-day Commodity Channel Index (CCI) for Computer Modelling Group Ltd (CMG.TO) is sitting at -2.12.

CCI Quick Facts

Used to Identify start of a trend
Used to Identify end of a trend
Alternative metric for spotting oversold/overbought territory
Designed by Donald Lambert
Reading levels close to +100 point to potential overbought range while a reading close to -100 would indicate possible oversold territory.

Near Term M/A Update

Designed by Donald Lambert
Reading levels close to +100 point to potential overbought range while a reading close to -100 would indicate possible oversold territory.

Shares of Computer Modelling Group Ltd (CMG.TO) have a 7-day moving average of 5.85. Moving averages can help spot trends and price reversals. They may also be used to help find support or resistance levels. Moving averages are considered to be lagging indicators meaning that they confirm trends.

Investors may be watching technical indicators such as the Williams Percent Range or Williams %R. Computer Modelling Group Ltd (CMG.TO)’s Williams %R presently stands at -47.22. The Williams %R is a momentum indicator that helps measure oversold and overbought levels. This indicator compares the closing price of a stock in relation to the highs and lows over a certain time period. A common look back period is 14 days. The Williams %R oscillates in a range from 0 to -100. A reading between 0 and -20 would indicate an overbought situation. A reading from -80 to -100 would indicate an oversold situation.

Another technical indicator that might serve as a powerful resource for measuring trend strength is the Average Directional Index or ADX. The ADX was introduced by J. Welles Wilder in the late 1970’s and it has stood the test of time. The ADX is typically used in conjunction with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to help spot trend direction as well as trend strength. At the time of writing, the 14-day ADX for Computer Modelling Group Ltd (CMG.TO) is noted at 19.61. Many technical analysts believe that an ADX value over 25 would suggest a strong trend. A reading under 20 would indicate no trend, and a reading from 20-25 would suggest that there is no clear trend signal.

The Williams Percent Range or Williams %R is a technical indicator worth taking a look at. Computer Modelling Group Ltd (CMG.TO) currently has a 14 day Williams %R of -47.22. The Williams %R fluctuates between 0 and -100 measuring whether a security is overbought or oversold. The Williams %R is similar to the Stochastic Oscillator except it is plotted upside-down. Levels above -20 may indicate the stock may be considered is overbought. If the indicator travels under -80, this may signal that the stock is oversold. Chart analysts may also use the indicator to project possible price reversals and to define trends.

At times, stock market volatility can wreak havoc on investors. When the market becomes highly volatile, investors may get the jitters and think they need to rush to action. In the heat of the moment, it can be tricky to see the clear skies in the distance. Investors may be best served at times to just let the cards fall where they may and not try to be a hero and drastically change the portfolio. Following a solid plan may allow investors to lay off the gas when times get tough. If the research is well done and the plan is in place, sticking to the plan might be the call. Of course nobody wants to see a significant drop in the value of stocks that they own. Being able to see the overall picture when the markets become turbulent may allow the investor to move forward with confidence.

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