Taking everything into account, CGEN scores 1 out of 10 in our technical rating. CGEN has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
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.
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1.32
When analyzing the support we can see 4 important areas.
- A support zone ranging from 1.51 to 1.52. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @1.42 from a trend line in the daily time frame.
- Support @1.37 from a trend line in the weekly time frame.
- A support zone ranging from 1.33 to 1.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 1.54 to 1.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 1.61 to 1.65. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @1.68 from a trend line in the weekly time frame.
- Resistance @2.22 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 | DOWN | NEGATIVE | The long term trend for CGEN is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CGEN is down. |
| ChartMill Relative Strength | 56.7 | NEUTRAL | CGEN is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of CGEN is below a declining 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) | 47.19 | 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) | 25.34 | NEUTRAL | The Stochastics value for CGEN is a neutral value. |
| Average True Range in percent/ATR (20) | 5.29 | HIGH VOLATILITY | The high ATR as a percentage value for CGEN suggests high volalility. |
| Average Directional Index/ADX (14) | 14.98 | NEGATIVE | The low ADX value for CGEN suggests a weak or negative trend. |
1.54
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COMPUGEN LTD / CGEN FAQ
What is the technical rating for CGEN stock?
ChartMill assigns a technical rating of 1 / 10 to CGEN.
What is the current trend direction of COMPUGEN LTD (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 47.1922. This indicates that the stock is currently neutral.
What is the buy/sell signal for CGEN stock?
The buy/sell signal for COMPUGEN LTD (CGEN) is sell as both the short term and long term trends are negative.
What are the support and resistance levels for COMPUGEN LTD (CGEN) stock?
COMPUGEN LTD (CGEN) has a support level at 1.52 and a resistance level at 1.54. Check the full technical report for our detailed analysis of CGEN support and resistance levels.