Overall CGON gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CGON is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that CGON is one of the better performing stocks in the market, outperforming 92% of all stocks.
- CGON is part of the Biotechnology industry. There are 525 other stocks in this industry. CGON outperforms 78% of them.
- CGON is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month CGON has a been trading in the 39.14 - 57.88 range, which is quite wide. It is currently trading near the high of this range.
- CGON has an average volume of 1137950 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Volume is considerably higher in the last couple of days.
Although CGON has an excellent technical rating, it does not present a decent entry opportunity 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.
More info and screens
27.54
We found 6 important support areas.
- Support @42.76 from a trend line in the weekly time frame.
- Support @40.76 from a trend line in the daily time frame.
- Support @38.00 from a horizontal line in the daily time frame.
- Support @36.48 from a horizontal line in the daily time frame.
- Support @35.05 from a trend line in the weekly time frame.
- Support @27.82 from a trend line in the daily 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 | UP | POSITIVE | The long term trend for CGON is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CGON is up. |
| ChartMill Relative Strength | 92.51 | POSITIVE | CGON has a high relative strength, it outperformed 92.51% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CGON is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CGON is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CGON is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.33 | NEUTRAL | The RSI value for CGON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.77 | POSITIVE | The MACD value suggests CGON has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 87.82 | OVERBOUGHT | The high Stochastics value suggests CGON may be overbought. |
| Average True Range in percent/ATR (20) | 5.84 | HIGH VOLATILITY | The high ATR as a percentage value for CGON suggests high volalility. |
| Average Directional Index/ADX (14) | 39.27 | POSITIVE | The high ADX value value for CGON suggests a strong trend. |
53.81
-2.04 (-3.65%)
CG ONCOLOGY INC / CGON FAQ
Can you provide the ChartMill technical rating for CG ONCOLOGY INC?
ChartMill assigns a technical rating of 10 / 10 to CGON.
Can you provide the trend direction for CG ONCOLOGY INC?
The current trend direction for CG ONCOLOGY INC (CGON) is Bullish.
What is the RSI signal for CGON stock?
CG ONCOLOGY INC (CGON) has an RSI value of 63.3281. This indicates that the stock is currently neutral.
What is the short term momentum for CGON stock?
The short term momentum for CG ONCOLOGY INC (CGON) is positive.
What is the buy/sell signal for CGON stock?
The buy/sell signal for CG ONCOLOGY INC (CGON) is buy as both the short term and long term trends are positive.