COMPUGEN LTD (CGEN) Stock Technical Analysis
NASDAQ:CGEN - Nasdaq - IL0010852080 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to CGEN. CGEN's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
79% of all other stocks performed better in the past year than CGEN.
CGEN is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
CGEN is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
CGEN is part of the Biotechnology industry. There are 556 other stocks in this industry, CGEN did better than 55% of them.
Although the technical rating is bad, CGEN does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 1.52, a Stop Loss order could be placed below this zone.
More info and screens
1.49
2.40
When analyzing the support we notice one important area.
- A support zone ranging from 1.50 to 1.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 6 important resistance areas.
- A resistance zone ranging from 1.53 to 1.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 1.59 to 1.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 1.63 to 1.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.73 from a trend line in the daily time frame.
- Resistance @1.83 from a horizontal line in the daily time frame.
- Resistance @2.38 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 | DOWN | NEGATIVE | The short term trend for CGEN is down. |
| ChartMill Relative Strength | 21.47 | NEGATIVE | CGEN has a low relative strength, it was outperformed by 78.53% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CGEN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of CGEN is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CGEN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 41.35 | NEUTRAL | The RSI value for CGEN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests CGEN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 25.98 | NEUTRAL | The Stochastics value for CGEN is a neutral value. |
| Average True Range in percent/ATR (20) | 5.85 | HIGH VOLATILITY | The high ATR as a percentage value for CGEN suggests high volalility. |
| Average Directional Index/ADX (14) | 20.4 | NEUTRAL | The ADX value for CGEN suggests a possible start of a new 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)
1.53
-0.01 (-0.65%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-0.65%
1 Week-0.65%
2 Weeks-3.77%
1 Month-6.13%
3 Month3.38%
6 Month-37.04%
12 Month-13.56%
2 Year31.9%
3 Year-4.97%
5 Year-89.38%
10 Year-75.08%
15 Year-63.66%
Volatility
ATR(14)0.08
ATR(20)%5.85%
ATR Inc-10.03%
Range Today0.06
ADR(20)0.09
ADR(20)%5.78%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS21.47
Mansfield-1.87
10 Day High1.66
10 Day Low1.46
20 Day High1.82
20 Day Low1.46
52 Week High2.66
52 Week Low1.13
CS1 End1.52
CR1 Start1.53
Volume & EV
DER(3)-1.77%
DER(5)-1.48%
Volume219.70K
Volume Incr19.99%
Vol(5)252.02K
Vol(50)240.04K