Alpha Cognition Inc (ACOG.CA) Technical Analysis
TSX-V:ACOG • CA02074J2048
Current stock price
ACOG.CA Technical Rating and Analysis
We assign a technical rating of 5 out of 10 to ACOG. 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.
- In the last month ACOG has a been trading in the 0.34 - 0.46 range, which is quite wide. It is currently trading near the lows of this range.
- ACOG is part of the Biotechnology industry. There are 24 other stocks in this industry. ACOG outperforms 78% of them.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- When compared to the yearly performance of all other stocks, ACOG outperforms 64% of them, which is more or less in line with the market.
- ACOG is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ACOG is lagging the market slightly.
- Considerably lower volume is observed in the last couple of days.
ACOG.CA Weekly and Daily overview Charts
ACOG.CA Setup Rating and Analysis
Although the technical rating is only medium, ACOG does present a nice setup opportunity. 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
ACOG.CA Support and Resistance Analysis
0.34
When analyzing the support we notice one important 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.
ACOG.CA Technical Indicator Signal Analysis
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. |
ACOG.CA Chart- and CandleStick Pattern Analysis
ACOG.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX-V:ACOG (10/6/2023, 7:00:00 PM)
0.39
-0.06 (-14.29%)
Alpha Cognition Inc / ACOG.CA TA FAQ
Can you provide the ChartMill technical rating for Alpha Cognition Inc?
ChartMill assigns a technical rating of 5 / 10 to ACOG.CA.
What is the current trend direction of Alpha Cognition Inc (ACOG.CA) stock?
The current trend direction for Alpha Cognition Inc (ACOG.CA) is Bearish.
What is the RSI signal for ACOG stock?
Alpha Cognition Inc (ACOG.CA) has an RSI value of 49.7604. This indicates that the stock is currently neutral.
What is the MACD signal for Alpha Cognition Inc (ACOG.CA) stock?
The MACD indicator for Alpha Cognition Inc (ACOG.CA) has a value of 0.00430333, indicating a bearish trend.