CGEN Technical Analysis - COMPUGEN LTD

Technical Rating and Analysis

We assign a technical rating of 0 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.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

When comparing the yearly performance of all stocks, CGEN is a bad performer in the overall market: 92% of all stocks are doing better.

CGEN is one of the lesser performing stocks in the Biotechnology industry. 66% of 538 stocks in the same industry do better.

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.

In the last month CGEN has a been trading in the 1.32 - 1.50 range, which is quite wide. It is currently trading near the lows of this range.

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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

CGEN has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. We notice that large players showed an interest for CGEN in the last couple of days, which is a good sign.

Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.24

2.34

When analyzing the support we notice one important area.

Support @1.25 from a horizontal line in the weekly time frame.

When analyzing the resistance we notice 3 important areas.

A resistance zone ranging from 1.37 to 1.38. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A resistance zone ranging from 1.41 to 1.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @2.32 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	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	8.88	NEGATIVE	CGEN has a low relative strength, it was outperformed by 91.12% 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)	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)	36.18	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.
Stochastics (14,3)	14.07	OVERSOLD	The low Stochastics value suggests CGEN may be oversold.
Average True Range in percent/ATR (20)	4.48	MEDIUM VOLATILITY	The ATR as a percentage value for CGEN suggests some volalility.
Average Directional Index/ADX (14)	23.68	NEUTRAL	The ADX value for CGEN suggests a possible start of a new trend.