CG ONCOLOGY INC (CGON) Technical Analysis
NASDAQ:CGON • US1569441009
Current stock price
CGON Technical Rating and Analysis
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!
- Looking at the yearly performance, CGON did better than 98% of all other stocks. On top of that, CGON also shows a nice and consistent pattern of rising prices.
- CGON is part of the Biotechnology industry. There are 517 other stocks in this industry. CGON outperforms 92% of them.
- CGON is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so CGON is leading the market.
- In the last month CGON has a been trading in the 59.18 - 69.35 range, which is quite wide. It is currently trading near the high of this range.
- CGON has an average volume of 1262120 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CGON Weekly and Daily overview Charts
CGON Setup Rating and Analysis
Besides having an excellent technical rating, CGON also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 65.29, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CGON 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.
More info and screens
CGON Support and Resistance Analysis
36.12
We found 6 important support areas.
- A support zone ranging from 63.84 to 65.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @62.46 from a trend line in the daily time frame.
- Support @50.22 from a trend line in the weekly time frame.
- Support @47.55 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.
CGON 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 | 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 | 98.29 | POSITIVE | CGON has a high relative strength, it outperformed 98.29% 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) | 62.21 | NEUTRAL | The RSI value for CGON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.28 | NEGATIVE | The MACD value suggests CGON has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 59.77 | NEUTRAL | The Stochastics value for CGON is a neutral value. |
| Average True Range in percent/ATR (20) | 4.86 | MEDIUM VOLATILITY | The ATR as a percentage value for CGON suggests some volalility. |
| Average Directional Index/ADX (14) | 35.37 | POSITIVE | The high ADX value value for CGON suggests a strong trend. |
CGON Chart- and CandleStick Pattern Analysis
CGON Example Setup
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 |
|---|---|---|---|
| 69.08 | 63.83 | 5.25 (7.60%) | 13.16% |
| An entry @69.08. This is a Buy Stop order right above the 10 day high. | An exit @63.83. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 5.25 points, which is 7.60%. | When investing 13.16% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
CGON Technicals: Chart, Performance Metrics, Trend & Indicators
67.68
+3.72 (+5.82%)
CG ONCOLOGY INC / CGON TA 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 CG ONCOLOGY INC (CGON) stock?
CG ONCOLOGY INC (CGON) has an RSI value of 62.2075. This indicates that the stock is currently neutral.
What is the MACD signal for CG ONCOLOGY INC (CGON) stock?
The MACD indicator for CG ONCOLOGY INC (CGON) has a value of -0.283634, indicating a bearish trend.
What is the short term momentum for CG ONCOLOGY INC (CGON) stock?
The short term momentum for CG ONCOLOGY INC (CGON) is positive.