CELGENE CORP (CELG) Stock Technical Analysis
USA - NASDAQ:CELG -
Taking everything into account, CELG scores 10 out of 10 in our technical rating. 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.
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.
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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.
We found 1 important resistance 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. |
108.24
+0.11 (+0.1%)
CELGENE CORP / CELG FAQ
What is the technical rating for CELG stock?
ChartMill assigns a technical rating of 10 / 10 to CELG.
What is the trend direction for 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.
What is the short term momentum for CELGENE CORP (CELG) stock?
The short term momentum for CELGENE CORP (CELG) is positive.
What is the support and resistance level for 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.