Alpha Cognition Inc (ACOG.CA) Stock Technical Analysis
TSX-V:ACOG - TSX Venture Exchange - CA02074J2048 - Common Stock - Currency: CAD
Taking everything into account, ACOG scores 5 out of 10 in our technical rating. In the past year, ACOG was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
ACOG has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 0.34, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ACOG 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
0.34
We found 1 important support area.
- A support zone ranging from 0.34 to 0.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- Resistance @0.43 from a trend line in the weekly time frame.
- Resistance @0.47 from a trend line in the daily time frame.
- Resistance @0.50 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for ACOG.CA is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ACOG.CA is neutral. |
| ChartMill Relative Strength | 64.51 | NEUTRAL | ACOG.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ACOG.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of ACOG.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of ACOG.CA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.76 | NEUTRAL | The RSI value for ACOG.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests ACOG.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 78.77 | NEUTRAL | The Stochastics value for ACOG.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 10.64 | HIGH VOLATILITY | The high ATR as a percentage value for ACOG.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 14.64 | NEGATIVE | The low ADX value for ACOG.CA suggests a weak or negative trend. |
TSX-V:ACOG (10/6/2023, 7:00:00 PM)
0.39
-0.06 (-14.29%)