CG ONCOLOGY INC (CGON) Technical Analysis
NASDAQ:CGON • US1569441009
Current stock price
CGON Technical Rating and Analysis
We assign a technical rating of 9 out of 10 to CGON. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- When comparing the yearly performance of all stocks, we notice that CGON is one of the better performing stocks in the market, outperforming 94% of all 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 515 other stocks in this industry. CGON outperforms 84% of them.
- CGON is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CGON is lagging the market slightly.
- CGON has an average volume of 1277340 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month CGON has a been trading in the 63.03 - 73.56 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 Weekly and Daily overview Charts
CGON Setup Rating and Analysis
Besides having an excellent technical rating, CGON also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 64.84, a Stop Loss order could be placed below this zone.
More info and screens
CGON Support and Resistance Analysis
36.12
We found 6 important support areas.
- A support zone ranging from 64.75 to 64.84. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @53.21 from a trend line in the weekly time frame.
- Support @50.64 from a trend line in the daily time frame.
- Support @38.77 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 | NEUTRAL | NEUTRAL | The short term trend for CGON is neutral. |
| ChartMill Relative Strength | 94.28 | POSITIVE | CGON has a high relative strength, it outperformed 94.28% 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) | 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) | 49.52 | NEUTRAL | The RSI value for CGON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.75 | NEGATIVE | The MACD value suggests CGON has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 25.17 | NEUTRAL | The Stochastics value for CGON is a neutral value. |
| Average True Range in percent/ATR (20) | 4.6 | MEDIUM VOLATILITY | The ATR as a percentage value for CGON suggests some volalility. |
| Average Directional Index/ADX (14) | 26.19 | 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 |
|---|---|---|---|
| 68.81 | 64.74 | 4.07 (5.91%) | 16.91% |
| An entry @68.81. This is a Buy Stop order right above the 10 day moving average. | An exit @64.74. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 4.07 points, which is 5.91%. | For a 1.00% total portfolio risk, you can invest 16.91% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of CGON. Please evaluate whether better entry and exit points can be found.
- 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
66.74
+1.99 (+3.07%)
CG ONCOLOGY INC / CGON TA FAQ
Can you provide the ChartMill technical rating for CG ONCOLOGY INC?
ChartMill assigns a technical rating of 9 / 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 49.5174. 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 -0.747959, 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 neutral.