ALPHA COGNITION INC (ACOG) Stock Technical Analysis
NASDAQ:ACOG • CA02074J5017
We assign a technical rating of 2 out of 10 to ACOG. Recently some decent action could be observed, but in the medium term time frame this is still negative. ACOG was also a bad performer in the overall market in the last year.
- When comparing the yearly performance of all stocks, ACOG is a bad performer in the overall market: 73% of all stocks are doing better.
- ACOG is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month ACOG has a been trading in the 4.50 - 6.07 range, which is quite wide. It is currently trading near the high of this range.
- The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
- ACOG is an average performer in the Biotechnology industry, it outperforms 49% of 520 stocks in the same industry.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
ACOG has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 5.84, 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
4.84
3 important support areas can be observed.
- A support zone ranging from 5.70 to 5.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @5.13 from a trend line in the daily time frame.
- Support @4.89 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @6.03 from a trend line in the daily time frame.
- A resistance zone ranging from 6.53 to 6.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | DOWN | NEGATIVE | The long term trend for ACOG is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for ACOG is up. |
| ChartMill Relative Strength | 27.34 | NEGATIVE | ACOG has a low relative strength, it was outperformed by 72.66% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of ACOG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of ACOG is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ACOG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.86 | NEUTRAL | The RSI value for ACOG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests ACOG has a positive trend. |
| Stochastics (14,3) | 86.41 | OVERBOUGHT | The high Stochastics value suggests ACOG may be overbought. |
| Average True Range in percent/ATR (20) | 10.19 | HIGH VOLATILITY | The high ATR as a percentage value for ACOG suggests high volalility. |
| Average Directional Index/ADX (14) | 20.8 | NEUTRAL | The ADX value for ACOG suggests a possible start of a new trend. |
5.85
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ALPHA COGNITION INC / ACOG FAQ
Can you provide the ChartMill technical rating for ALPHA COGNITION INC?
ChartMill assigns a technical rating of 2 / 10 to ACOG.
What is the current trend direction of ALPHA COGNITION INC (ACOG) stock?
The current trend direction for ALPHA COGNITION INC (ACOG) is Bearish.
Can you provide the RSI signal for ALPHA COGNITION INC?
ALPHA COGNITION INC (ACOG) has an RSI value of 55.856. This indicates that the stock is currently neutral.
Can you provide the short term momentum for ALPHA COGNITION INC?
The short term momentum for ALPHA COGNITION INC (ACOG) is positive.
Can you provide the support and resistance levels for ALPHA COGNITION INC?
ALPHA COGNITION INC (ACOG) has a support level at 5.84 and a resistance level at 6.03. Check the full technical report for our detailed analysis of ACOG support and resistance levels.