CG ONCOLOGY INC (CGON) Stock Technical Analysis
NASDAQ:CGON - Nasdaq - US1569441009 - Common Stock - Currency: USD
Taking everything into account, CGON scores 1 out of 10 in our technical rating. CGON's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
78% of all other stocks performed better in the past year than CGON.
In the last month CGON has a been trading in the 24.86 - 27.56 range, which is quite wide. It is currently trading near the lows of this range.
CGON has an average volume of 1068880 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 558 other stocks in this industry, CGON did better than 55% 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.
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
24.69
28.82
We found 1 important support area.
- A support zone ranging from 24.94 to 24.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 25.77 to 26.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 26.88 to 26.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 27.48 to 27.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @28.53 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 | DOWN | NEGATIVE | The long term trend for CGON is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CGON is neutral. |
| ChartMill Relative Strength | 22.54 | NEGATIVE | CGON has a low relative strength, it was outperformed by 77.46% 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) | 41 | NEUTRAL | The RSI value for CGON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests CGON has a negative trend. |
| Stochastics (14,3) | 33.04 | NEUTRAL | The Stochastics value for CGON is a neutral value. |
| Average True Range in percent/ATR (20) | 4.41 | MEDIUM VOLATILITY | The ATR as a percentage value for CGON suggests some volalility. |
| Average Directional Index/ADX (14) | 13.17 | 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)
24.95
-0.95 (-3.67%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-3.67%
1 Week-3.89%
2 Weeks-4.04%
1 Month-3.52%
3 Month20.88%
6 Month-14.2%
12 Month-29.16%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.08
ATR(20)%4.41%
ATR Inc44.23%
Range Today1.8
ADR(20)1.09
ADR(20)%4.39%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS22.54
Mansfield-2.28
10 Day High27.56
10 Day Low24.86
20 Day High27.56
20 Day Low24.86
52 Week High40.47
52 Week Low14.8
CS1 End24.94
CR1 Start25.77
Volume & EV
DER(3)3.01%
DER(5)2.62%
Volume703.05K
Volume Incr1.09%
Vol(5)848.63K
Vol(50)1.07M