CG ONCOLOGY INC (CGON) Stock Technical Analysis
USA - NASDAQ:CGON - US1569441009 - Common Stock
We assign a technical rating of 8 out of 10 to CGON. 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.
CGON has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. 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.
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25.69
When analyzing the support we can see 4 important areas.
- A support zone ranging from 41.89 to 41.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @30.38 from a trend line in the weekly time frame.
- Support @29.74 from a trend line in the daily time frame.
- Support @25.95 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @43.68 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 44.46 to 44.47. This zone is formed by a combination of multiple trend lines 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 | 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 | 89.69 | POSITIVE | CGON has a high relative strength, it outperformed 89.69% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CGON is below 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) | 53.49 | NEUTRAL | The RSI value for CGON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.42 | NEGATIVE | The MACD value suggests CGON has a negative trend. |
| Stochastics (14,3) | 43.99 | NEUTRAL | The Stochastics value for CGON is a neutral value. |
| Average True Range in percent/ATR (20) | 5.39 | HIGH VOLATILITY | The high ATR as a percentage value for CGON suggests high volalility. |
| Average Directional Index/ADX (14) | 34.64 | POSITIVE | The high ADX value value for CGON suggests a strong trend. |
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 |
|---|---|---|---|
| 43.69 | 41.88 | 1.81 (4.14%) | 24.14% |
| An entry @43.69. This is a Buy Stop order right above the resistance zone. | An exit @41.88. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.81 points, which is 4.14%. | When investing 24.14% 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.
41.9
-1.37 (-3.17%)
CG ONCOLOGY INC / CGON FAQ
Can you provide the ChartMill technical rating for CG ONCOLOGY INC?
ChartMill assigns a technical rating of 8 / 10 to CGON.
What is the current trend direction of CG ONCOLOGY INC (CGON) stock?
The current trend direction for CG ONCOLOGY INC (CGON) is Bullish.
What is the RSI signal for CGON stock?
CG ONCOLOGY INC (CGON) has an RSI value of 53.4853. This indicates that the stock is currently neutral.
What is the short term momentum for CG ONCOLOGY INC (CGON) stock?
The short term momentum for CG ONCOLOGY INC (CGON) is neutral.