CG ONCOLOGY INC (CGON) Stock Technical Analysis
NASDAQ:CGON - Nasdaq - US1569441009 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to CGON. Recently some decent action could be observed, but in the medium term time frame this is still negative. CGON was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, CGON is a bad performer in the overall market: 84% of all stocks are doing better.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month CGON has a been trading in the 23.32 - 28.06 range, which is quite wide. It is currently trading near the high of this range.
CGON has an average volume of 1527960 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CGON is part of the Biotechnology industry. There are 559 other stocks in this industry, CGON did better than 54% of them.
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.
Considerably lower volume is observed in the last couple of days.
CGON has an average technical rating and it also does not offer a high quality setup 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
25.77
29.34
When analyzing the support we notice one important area.
- A support zone ranging from 26.03 to 26.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 26.44 to 26.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @27.22 from a trend line in the daily time frame.
- A resistance zone ranging from 28.30 to 28.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 29.05 to 29.05. 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 | NEUTRAL | NEUTRAL | The long term trend for CGON is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CGON is up. |
| ChartMill Relative Strength | 16.53 | NEGATIVE | CGON has a low relative strength, it was outperformed by 83.47% 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) | DOWN | NEGATIVE | The current price of CGON is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.5 | NEUTRAL | The RSI value for CGON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests CGON has a negative trend. |
| Stochastics (14,3) | 64.75 | NEUTRAL | The Stochastics value for CGON is a neutral value. |
| Average True Range in percent/ATR (20) | 4.95 | MEDIUM VOLATILITY | The ATR as a percentage value for CGON suggests some volalility. |
| Average Directional Index/ADX (14) | 20.59 | NEUTRAL | The ADX value for CGON suggests a possible start of a new 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)
26.18
-1.3 (-4.73%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-4.73%
1 Week-1.5%
2 Weeks3.56%
1 Month8.27%
3 Month-5.83%
6 Month-8.97%
12 Month-24.47%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.08
ATR(20)%4.95%
ATR Inc12.78%
Range Today1.81
ADR(20)1.28
ADR(20)%4.88%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.53
Mansfield-1.89
10 Day High28
10 Day Low24.95
20 Day High28.06
20 Day Low23.32
52 Week High40.47
52 Week Low14.8
CS1 End26.17
CR1 Start26.44
Volume & EV
DER(3)-3.32%
DER(5)-3.07%
Volume591.70K
Volume Incr-16.71%
Vol(5)992.02K
Vol(50)1.53M