CELGENE CORP (CELG) Stock Technical Analysis
NASDAQ:CELG - Nasdaq -
Overall CELG gets a technical rating of 10 out of 10. Both in the recent history as in the last year, CELG has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, CELG did better than 94% of all other stocks. On top of that, CELG also shows a nice and consistent pattern of rising prices.
CELG is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so CELG is leading the market.
CELG is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
CELG has an average volume of 8642560 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although CELG has an excellent technical rating, it does not offer a high quality setup 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
93.11
111.51
We found 4 important support areas.
- A support zone ranging from 103.21 to 103.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @97.62 from a horizontal line in the daily time frame.
- Support @95.64 from a trend line in the weekly time frame.
- Support @94.05 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 109.42 to 110.41. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The long term trend for CELG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CELG is up. |
| ChartMill Relative Strength | 94.89 | POSITIVE | CELG has a high relative strength, it outperformed 94.89% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CELG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CELG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CELG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.87 | NEUTRAL | The RSI value for CELG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.36 | NEGATIVE | The MACD value suggests CELG has a negative trend. |
| Stochastics (14,3) | 44.93 | NEUTRAL | The Stochastics value for CELG is a neutral value. |
| Average True Range in percent/ATR (20) | 1.03 | LOW VOLATILITY | The low ATR as a percentage value for CELG suggests low volalility. |
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)
108.24
+0.11 (+0.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.1%
1 Week-1.97%
2 Weeks0%
1 Month3.1%
3 Month15.16%
6 Month13.65%
12 Month62.4%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.06
ATR(20)%1.03%
ATR Inc43.66%
Range Today1.32
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
CRS94.89
Mansfield0.8
10 Day High110.7
10 Day Low107.27
20 Day High110.7
20 Day Low104.01
52 Week High110.7
52 Week Low58.59
CS1 End103.73
CR1 Start109.42
Volume & EV
DER(3)-2.59%
DER(5)-1.18%
Volume191.23M
Volume Incr1088.94%
Vol(5)51.30M
Vol(50)8.64M