COMPUGEN LTD (CGEN) Stock Technical Analysis
NASDAQ:CGEN • IL0010852080
Taking everything into account, CGEN scores 4 out of 10 in our technical rating. CGEN has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- When comparing the performance of all stocks over the past year, CGEN turns out to be only a medium performer in the overall market: it outperformed 47% of all stocks.
- CGEN is part of the Biotechnology industry. There are 521 other stocks in this industry, CGEN did better than 51% of them.
- 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.
- In the last month CGEN has a been trading in the 1.58 - 2.08 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, CGEN does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 1.78. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for CGEN in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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
1.39
6 important support areas can be observed.
- A support zone ranging from 1.75 to 1.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.71 to 1.72. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @1.65 from a trend line in the daily time frame.
- Support @1.59 from a horizontal line in the daily time frame.
- Support @1.51 from a horizontal line in the weekly time frame.
- Support @1.40 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 1.78 to 1.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.33 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 | NEUTRAL | NEUTRAL | The short term trend for CGEN is neutral. |
| ChartMill Relative Strength | 47.86 | NEUTRAL | CGEN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of CGEN is above a declining 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) | 50.16 | NEUTRAL | The RSI value for CGEN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests CGEN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 60.83 | NEUTRAL | The Stochastics value for CGEN is a neutral value. |
| Average True Range in percent/ATR (20) | 5.25 | HIGH VOLATILITY | The high ATR as a percentage value for CGEN suggests high volalility. |
| Average Directional Index/ADX (14) | 18.02 | NEGATIVE | The low ADX value for CGEN suggests a weak or negative trend. |
1.77
+0.06 (+3.51%)
COMPUGEN LTD / CGEN FAQ
What is the technical rating for CGEN stock?
ChartMill assigns a technical rating of 4 / 10 to CGEN.
What is the trend direction for CGEN stock?
The current trend direction for COMPUGEN LTD (CGEN) is Bearish.
What is the RSI signal for CGEN stock?
COMPUGEN LTD (CGEN) has an RSI value of 50.1617. 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 -0.00222353, indicating a bearish trend.