CGEN Technical Analysis - COMPUGEN LTD

Technical Rating and Analysis

Taking everything into account, CGEN scores 8 out of 10 in our technical rating. Although CGEN is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.

Both the short term and long term trends are positive. This is a very positive sign.

When comparing the yearly performance of all stocks, we notice that CGEN is one of the better performing stocks in the market, outperforming 79% of all stocks. However, this relatively good performance is mostly due to a recent big move.

CGEN is an average performer in the Biotechnology industry, it outperforms 62% of 536 stocks in the same industry.

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 1.29 - 2.38 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although CGEN has an excellent technical rating, it does not offer a high quality setup 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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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.33

2.31

When analyzing the support we can see 2 important areas.

Support @1.44 from a horizontal line in the daily time frame.
A support zone ranging from 1.34 to 1.36. This zone is formed by a combination of multiple trend lines in multiple time frames.

3 important resistance areas can be observed.

A resistance zone ranging from 1.89 to 1.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @2.23 from a trend line in the daily time frame.
Resistance @2.29 from a trend line in the weekly time frame.

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What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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	79.44	POSITIVE	CGEN has a high relative strength, it outperformed 79.44% 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)	56.98	NEUTRAL	The RSI value for CGEN is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.02	POSITIVE	The MACD value suggests CGEN has a positive trend, although the MACD value is declining.
Stochastics (14,3)	57.93	NEUTRAL	The Stochastics value for CGEN is a neutral value.
Average True Range in percent/ATR (20)	8.35	HIGH VOLATILITY	The high ATR as a percentage value for CGEN suggests high volalility.
Average Directional Index/ADX (14)	50.56	POSITIVE	The high ADX value value for CGEN suggests a strong trend.