COGNITION THERAPEUTICS INC (CGTX) Stock Technical Analysis
NASDAQ:CGTX - Nasdaq - US19243B1026 - Common Stock - Currency: USD
Taking everything into account, CGTX scores 5 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. CGTX was also a bad performer in the overall market in the last year.
82% of all other stocks performed better in the past year than CGTX.
CGTX is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
CGTX has an average volume of 7803190 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CGTX is part of the Pharmaceuticals industry. There are 193 other stocks in this industry, CGTX did better than 46% of them.
In the last month CGTX has a been trading in the 0.25 - 1.04 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CGTX has an average technical rating and it also does not offer a high quality setup 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
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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 | NEUTRAL | NEUTRAL | The long term trend for CGTX is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CGTX is up. |
| ChartMill Relative Strength | 18.3 | NEGATIVE | CGTX has a low relative strength, it was outperformed by 81.7% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CGTX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CGTX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of CGTX is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 63.38 | NEUTRAL | The RSI value for CGTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests CGTX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 56.81 | NEUTRAL | The Stochastics value for CGTX is a neutral value. |
| Average True Range in percent/ATR (20) | 13.81 | HIGH VOLATILITY | The high ATR as a percentage value for CGTX suggests high volalility. |
| Average Directional Index/ADX (14) | 34.1 | POSITIVE | The high ADX value value for CGTX suggests a strong 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)
0.5674
-0.13 (-18.91%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-18.91%
1 Week40.1%
2 Weeks74.85%
1 Month78.88%
3 Month60.78%
6 Month-25.43%
12 Month-71.34%
2 Year-65.82%
3 Year-69.98%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.1
ATR(20)%13.81%
ATR Inc455.3%
Range Today0.1
ADR(20)0.07
ADR(20)%11.82%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS18.3
Mansfield-0.73
10 Day High1.04
10 Day Low0.29
20 Day High1.04
20 Day Low0.25
52 Week High2.54
52 Week Low0.22
CS1 EndN/A
CR1 StartN/A
Volume & EV
DER(3)-4.67%
DER(5)-2.34%
Volume9.28M
Volume Incr2966.06%
Vol(5)62.16M
Vol(50)7.80M