APGE Technical Analysis - APOGEE THERAPEUTICS INC

Technical Rating and Analysis

We assign a technical rating of 9 out of 10 to APGE. Both in the recent history as in the last year, APGE has proven to be a steady performer, scoring decent points in every aspect analyzed.

Both the short term and long term trends are positive. This is a very positive sign.

APGE is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so APGE is lagging the market slightly.

In the last month APGE has a been trading in the 36.85 - 57.63 range, which is quite wide. It is currently trading near the high of this range.

Looking at the yearly performance, APGE did better than 82% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.

APGE is an average performer in the Biotechnology industry, it outperforms 63% of 534 stocks in the same industry.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

APOGEE THERAPEUTICS INC / APGE Weekly stock chart

APOGEE THERAPEUTICS INC / APGE Daily stock chart

Setup Rating and Analysis

Although APGE has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

More info and screens

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

34.89

56.44

4 important support areas can be observed.

Support @52.36 from a horizontal line in the daily time frame.
A support zone ranging from 37.71 to 38.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @36.02 from a horizontal line in the daily time frame.
Support @35.24 from a horizontal line in the daily time frame.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 55.86 to 55.88. This zone is formed by a combination of multiple trend lines in the weekly time frame.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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	UP	POSITIVE	The long term trend for APGE is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for APGE is up.
ChartMill Relative Strength	82.36	POSITIVE	APGE has a high relative strength, it outperformed 82.36% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of APGE is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of APGE is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of APGE is above the rising SMA(200).
Relative Strength Index/RSI (14)	72.32	OVERBOUGHT	The high RSI value suggests APGE may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	1.02	POSITIVE	The MACD value suggests APGE has a positive trend, although the MACD value is declining.
Stochastics (14,3)	93.58	OVERBOUGHT	The high Stochastics value suggests APGE may be overbought.
Average True Range in percent/ATR (20)	4.64	MEDIUM VOLATILITY	The ATR as a percentage value for APGE suggests some volalility.
Average Directional Index/ADX (14)	43.96	POSITIVE	The high ADX value value for APGE suggests a strong trend.