CELGENE CORP (CELG) Technical Analysis
NASDAQ:CELG
Current stock price
CELG Technical Rating and Analysis
Overall CELG gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CELG is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that CELG is one of the better performing stocks in the market, outperforming 94% of all 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.
CELG Weekly and Daily overview Charts
CELG Setup Rating and Analysis
Although CELG 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
CELG Support and Resistance Analysis
93.11
When analyzing the support we can see 4 important 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.
CELG 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 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. |
CELG Chart- and CandleStick Pattern Analysis
CELG Technicals: Chart, Performance Metrics, Trend & Indicators
108.24
+0.11 (+0.1%)
CELGENE CORP / CELG TA FAQ
What is the technical rating for CELG stock?
ChartMill assigns a technical rating of 10 / 10 to CELG.
What is the current trend direction of CELGENE CORP (CELG) stock?
The current trend direction for CELGENE CORP (CELG) is Bullish.
What is the RSI signal for CELG stock?
CELGENE CORP (CELG) has an RSI value of 60.8739. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for CELGENE CORP?
The buy/sell signal for CELGENE CORP (CELG) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for CELGENE CORP (CELG) stock?
CELGENE CORP (CELG) has a support level at 103.73 and a resistance level at 109.42. Check the full technical report for our detailed analysis of CELG support and resistance levels.