CG ONCOLOGY INC (CGON) Stock Technical Analysis
NASDAQ:CGON - Nasdaq - US1569441009 - Common Stock - Currency: USD
Taking everything into account, CGON scores 3 out of 10 in our technical rating. 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: 75% of all stocks are doing better.
CGON has an average volume of 1532240 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
CGON is an average performer in the Biotechnology industry, it outperforms 69% of 561 stocks in the same industry.
CGON is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CGON is lagging the market slightly.
In the last month CGON has a been trading in the 20.17 - 32.30 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, CGON does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 27.74. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 25.32, a Stop Loss order could be placed below this zone.
More info and screens
24.34
29.34
When analyzing the support we notice one important area.
- A support zone ranging from 24.59 to 25.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 27.74 to 27.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 28.53 to 29.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS25.18
Mansfield-1.83
10 Day High27.25
10 Day Low21
20 Day High32.3
20 Day Low20.17
52 Week High40.47
52 Week Low14.8
Performance
1 Week9.84%
2 Weeks22.4%
1 Month29.69%
3 Month-4.63%
6 Month-20.65%
12 Month-18.8%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.11
RSI(14)57.58
LBB21.11
UBB29.26
26.56
+1.7 (+6.84%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg6.84%
1 Week9.84%
2 Weeks22.4%
1 Month29.69%
3 Month-4.63%
6 Month-20.65%
12 Month-18.8%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.25
ATR(20)%9.28%
ATR Inc-4.16%
Range Today2.57
ADR(20)2.11
ADR(20)%7.96%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS25.18
Mansfield-1.83
10 Day High27.25
10 Day Low21
20 Day High32.3
20 Day Low20.17
52 Week High40.47
52 Week Low14.8
CS1 End25.32
CR1 Start27.74
Volume & EV
DER(3)-1.51%
DER(5)-0.77%
Volume1.16M
Volume Incr-41.43%
Vol(5)1.19M
Vol(50)1.53M