We assign a technical rating of 9 out of 10 to CGON. 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.
CGON has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 44.85. Right above this resistance zone may be a good entry point.
More info and screens
31.11
We found 5 important support areas.
- Support @43.10 from a trend line in the weekly time frame.
- A support zone ranging from 40.70 to 41.24. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 39.41 to 39.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @38.00 from a horizontal line in the daily time frame.
- A support zone ranging from 31.42 to 31.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 44.85 to 45.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 93.27 | POSITIVE | CGON has a high relative strength, it outperformed 93.27% 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) | 60.81 | NEUTRAL | The RSI value for CGON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.44 | POSITIVE | The MACD value suggests CGON has a positive trend. |
| Stochastics (14,3) | 92.9 | OVERBOUGHT | The high Stochastics value suggests CGON may be overbought. |
| Average True Range in percent/ATR (20) | 5.96 | HIGH VOLATILITY | The high ATR as a percentage value for CGON suggests high volalility. |
| Average Directional Index/ADX (14) | 17.59 | NEGATIVE | The low ADX value for CGON suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 45.53 | 43.09 | 2.44 (5.36%) | 18.66% |
| An entry @45.53. This is a Buy Stop order right above the resistance zone. | An exit @43.09. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.44 points, which is 5.36%. | For a 1.00% total portfolio risk, you can invest 18.66% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of CGON. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
44.84
-0.67 (-1.47%)
CG ONCOLOGY INC / CGON FAQ
Can you provide the ChartMill technical rating for CG ONCOLOGY INC?
ChartMill assigns a technical rating of 9 / 10 to CGON.
What is the current trend direction of CG ONCOLOGY INC (CGON) stock?
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 60.8098. This indicates that the stock is currently neutral.
What is the short term momentum for CG ONCOLOGY INC (CGON) stock?
The short term momentum for CG ONCOLOGY INC (CGON) is positive.
Can you provide the buy/sell signal for CG ONCOLOGY INC?
The buy/sell signal for CG ONCOLOGY INC (CGON) is buy as both the short term and long term trends are positive.