Alpha Cognition Inc (ACOG.CA) Stock Technical Analysis
TSX-V:ACOG - TSX Venture Exchange - CA02074J2048 - Common Stock - Currency: CAD
We assign a technical rating of 5 out of 10 to ACOG. ACOG has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
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.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
When comparing the performance of all stocks over the past year, ACOG turns out to be only a medium performer in the overall market: it outperformed 64% of all stocks.
ACOG is part of the Biotechnology industry. There are 25 other stocks in this industry, ACOG did better than 66% of them.
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.
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
0.34
0.51
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. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
TSX-V:ACOG (10/6/2023, 7:00:00 PM)
0.39
-0.06 (-14.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-14.29%
1 Week-2.5%
2 Weeks16.42%
1 Month11.43%
3 Month36.84%
6 Month0%
12 Month-37.1%
2 Year-68.03%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.04
ATR(20)%10.64%
ATR Inc50.41%
Range Today0.04
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS64.51
Mansfield0.75
10 Day High0.46
10 Day Low0.34
20 Day High0.46
20 Day Low0.34
52 Week High0.68
52 Week Low0.19
CS1 End0.34
CR1 Start0.43
Volume & EV
DER(3)46.78%
DER(5)193.39%
Volume12.80K
Volume Incr-43.55%
Vol(5)17.97K
Vol(50)39.96K