COMPUGEN LTD (CGEN) Stock Technical Analysis
NASDAQ:CGEN - Nasdaq - IL0010852080 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to CGEN. In the past year, CGEN was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
CGEN is part of the Biotechnology industry. There are 555 other stocks in this industry. CGEN outperforms 74% of them.
In the last month CGEN has a been trading in the 1.58 - 1.83 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, CGEN did better than 76% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
CGEN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CGEN is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
CGEN has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
1.58
2.43
We found 2 important support areas.
- Support @1.76 from a trend line in the daily time frame.
- A support zone ranging from 1.60 to 1.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- Resistance @1.77 from a horizontal line in the weekly time frame.
- Resistance @1.84 from a horizontal line in the daily time frame.
- Resistance @2.41 from a trend line in the weekly time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for CGEN is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CGEN is up. |
| ChartMill Relative Strength | 76.59 | POSITIVE | CGEN has a high relative strength, it outperformed 76.59% 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) | DOWN | MIXED | The current price of CGEN is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.85 | NEUTRAL | The RSI value for CGEN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests CGEN has a positive trend. |
| Stochastics (14,3) | 71.01 | NEUTRAL | The Stochastics value for CGEN is a neutral value. |
| Average True Range in percent/ATR (20) | 5.2 | HIGH VOLATILITY | The high ATR as a percentage value for CGEN suggests high volalility. |
| Average Directional Index/ADX (14) | 28.34 | POSITIVE | The high ADX value value for CGEN suggests a strong trend. |
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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 1.78 | 1.75 | 0.03 (1.69%) | 25.00% |
| An entry @1.78. This is a Buy Stop order right above the resistance zone. | An exit @1.75. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.03 points, which is 1.69%. | For a 0.42% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of CGEN. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
1.76
+0.02 (+1.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg1.15%
1 Week7.98%
2 Weeks6.67%
1 Month2.92%
3 Month34.35%
6 Month10%
12 Month12.82%
2 Year51.72%
3 Year9.32%
5 Year-87.79%
10 Year-71.34%
15 Year-58.19%
Volatility
ATR(14)0.09
ATR(20)%5.2%
ATR Inc-0.15%
Range Today0.07
ADR(20)0.09
ADR(20)%4.91%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.59
Mansfield-0.61
10 Day High1.81
10 Day Low1.58
20 Day High1.83
20 Day Low1.58
52 Week High2.66
52 Week Low1.13
CS1 End1.76
CR1 Start1.77
Volume & EV
DER(3)-2.35%
DER(5)-1.08%
Volume94.60K
Volume Incr-30.23%
Vol(5)182.80K
Vol(50)222.43K