COMPUGEN LTD (CGEN) Technical Analysis
NASDAQ:CGEN • IL0010852080
Current stock price
CGEN Technical Rating and Analysis
Overall CGEN gets a technical rating of 9 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, CGEN is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- CGEN is part of the Biotechnology industry. There are 519 other stocks in this industry. CGEN outperforms 73% of them.
- CGEN 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 CGEN is leading the market.
- In the last month CGEN has a been trading in the 1.63 - 2.35 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the yearly performance of all stocks, we notice that CGEN is one of the better performing stocks in the market, outperforming 90% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
CGEN Weekly and Daily overview Charts
CGEN Setup Rating and Analysis
Although CGEN has an excellent technical rating, the quality of the presented setup is not ideal 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
CGEN Support and Resistance Analysis
1.40
We found 3 important support areas.
- A support zone ranging from 1.71 to 1.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.57 from a trend line in the daily time frame.
- Support @1.41 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @2.33 from a trend line in the weekly time frame.
- A resistance zone ranging from 2.37 to 2.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
CGEN 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 CGEN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CGEN is up. |
| ChartMill Relative Strength | 90.85 | POSITIVE | CGEN has a high relative strength, it outperformed 90.85% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CGEN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CGEN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CGEN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.57 | NEUTRAL | The RSI value for CGEN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests CGEN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 87.21 | OVERBOUGHT | The high Stochastics value suggests CGEN may be overbought. |
| Average True Range in percent/ATR (20) | 6.37 | HIGH VOLATILITY | The high ATR as a percentage value for CGEN suggests high volalility. |
| Average Directional Index/ADX (14) | 34.28 | POSITIVE | The high ADX value value for CGEN suggests a strong trend. |
CGEN Chart- and CandleStick Pattern Analysis
CGEN Technicals: Chart, Performance Metrics, Trend & Indicators
2.24
+0.03 (+1.36%)
COMPUGEN LTD / CGEN TA FAQ
What is the technical rating for CGEN stock?
ChartMill assigns a technical rating of 9 / 10 to CGEN.
What is the trend direction for CGEN stock?
The current trend direction for COMPUGEN LTD (CGEN) is Bullish.
What is the RSI signal for CGEN stock?
COMPUGEN LTD (CGEN) has an RSI value of 62.5714. This indicates that the stock is currently neutral.
Can you provide the MACD signal for COMPUGEN LTD?
The MACD indicator for COMPUGEN LTD (CGEN) has a value of 0.0350659, indicating a bearish trend.
Can you provide the buy/sell signal for COMPUGEN LTD?
The buy/sell signal for COMPUGEN LTD (CGEN) is buy as both the short term and long term trends are positive.