CG ONCOLOGY INC (CGON) Technical Analysis
NASDAQ:CGON • US1569441009
Current stock price
66.27 USD
-0.47 (-0.7%)
At close:
66.27 USD
0 (0%)
After Hours:
CGON Technical Rating and Analysis
Overall CGON gets a technical rating of 9 out of 10. In the last year, CGON was one of the better performers, but we do observe some doubts in the very recent evolution.
- 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. We also observe that the gains produced by CGON over the past year are nicely spread over this period.
- CGON is one of the better performing stocks in the Biotechnology industry, it outperforms 83% of 515 stocks in the same industry.
- 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 1280510 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 65.04, a Stop Loss order could be placed below this zone.
More info and screens
CGON Support and Resistance Analysis
36.12
66.93
6 important support areas can be observed.
- A support zone ranging from 64.75 to 65.04. 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 @50.79 from a trend line in the daily time frame.
- Support @38.78 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 | 94.04 | POSITIVE | CGON has a high relative strength, it outperformed 94.04% 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) | 48.36 | NEUTRAL | The RSI value for CGON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.72 | NEGATIVE | The MACD value suggests CGON has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 27.45 | NEUTRAL | The Stochastics value for CGON is a neutral value. |
| Average True Range in percent/ATR (20) | 4.61 | MEDIUM VOLATILITY | The ATR as a percentage value for CGON suggests some volalility. |
| Average Directional Index/ADX (14) | 24.6 | NEUTRAL | The ADX value for CGON suggests a possible start of a new trend. |
CGON Chart- and CandleStick Pattern Analysis
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)
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 |
|---|---|---|---|
| 68.09 | 64.74 | 3.35 (4.92%) | 20.31% |
| An entry @68.09. 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 worst case loss on the trade is limited to 3.35 points, which is 4.92%. | When investing 20.31% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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
66.27
-0.47 (-0.7%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-0.7%
1 Week-3.51%
2 Weeks-9.75%
1 Month-1.79%
3 Month27.32%
6 Month53.15%
12 Month128.12%
2 Year103.41%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.36
ATR(20)%4.61%
ATR Inc-25.09%
Range Today2.07
ADR(20)3.01
ADR(20)%4.54%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.04
3 months CRS91.94
6 months CRS94.31
Mansfield4.43
10 Day High73.28
10 Day Low63.84
20 Day High73.56
20 Day Low63.03
52 Week High73.56
52 Week Low21
CS1 End65.04
CR1 StartN/A
Volume & EV
DER(3)0.24%
DER(5)-1.4%
Volume796.20K
Volume Incr-41.35%
Vol(5)702.06K
Vol(50)1.28M
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 48.3588. 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 -0.718026, 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.