CG ONCOLOGY INC (CGON) Stock Technical Analysis
NASDAQ:CGON - US1569441009 - Common Stock
25.42 USD
-1.49 (-5.55%)
25.42 USD
0 (0%)
We assign a technical rating of 2 out of 10 to CGON. CGON performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
88% of all other stocks performed better in the past year than CGON.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
CGON is an average performer in the Biotechnology industry, it outperforms 42% of 547 stocks in the same industry.
CGON is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CGON is lagging the market.
In the last month CGON has a been trading in the 23.65 - 28.50 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
CGON has a poor technical rating and the quality of the setup is also only medium 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
23.70
29.34
When analyzing the support we can see 2 important areas.
- A support zone ranging from 24.85 to 24.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @23.94 from a horizontal line in the daily time frame.
We can see 5 important resistance areas.
- A resistance zone ranging from 25.80 to 26.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 26.92 to 27.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @28.01 from a trend line in the daily time frame.
- Resistance @28.53 from a horizontal line in the daily time frame.
- Resistance @29.05 from a horizontal 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 | NEUTRAL | NEUTRAL | The long term trend for CGON is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CGON is neutral. |
| ChartMill Relative Strength | 12.3 | NEGATIVE | CGON has a low relative strength, it was outperformed by 87.7% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CGON is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CGON is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CGON is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.39 | NEUTRAL | The RSI value for CGON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests CGON has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 65.31 | NEUTRAL | The Stochastics value for CGON is a neutral value. |
| Average True Range in percent/ATR (20) | 4.97 | MEDIUM VOLATILITY | The ATR as a percentage value for CGON suggests some volalility. |
| Average Directional Index/ADX (14) | 9.63 | NEGATIVE | The low ADX value for CGON suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
25.42
-1.49 (-5.55%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-5.55%
1 Week-2.72%
2 Weeks6.16%
1 Month-1.7%
3 Month-0.78%
6 Month-1.7%
12 Month-31.07%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.21
ATR(20)%4.97%
ATR Inc39.16%
Range Today1.76
ADR(20)1.23
ADR(20)%4.82%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.3
Mansfield-1.99
10 Day High27.2
10 Day Low24.1
20 Day High28.5
20 Day Low23.65
52 Week High40.47
52 Week Low14.8
CS1 End24.93
CR1 Start25.8
Volume & EV
DER(3)2.12%
DER(5)0.8%
Volume383.60K
Volume Incr-54.2%
Vol(5)388.30K
Vol(50)826.26K