Taking everything into account, CGTX scores 4 out of 10 in our technical rating. Although CGTX is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- Looking at the yearly performance, CGTX did better than 89% of all other stocks.
- CGTX is one of the better performing stocks in the Pharmaceuticals industry, it outperforms 75% of 191 stocks in the same industry.
- In the last month CGTX has a been trading in the 1.33 - 1.57 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- CGTX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CGTX is lagging the market.
CGTX has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 1.47. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.43, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CGTX 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.
More info and screens
1.32
3 important support areas can be observed.
- A support zone ranging from 1.42 to 1.43. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 1.37 to 1.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 1.33 to 1.33. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 1.47 to 1.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.67 from a trend line in the daily time frame.
- Resistance @1.79 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 | NEUTRAL | NEUTRAL | The long term trend for CGTX is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CGTX is down. |
| ChartMill Relative Strength | 89.92 | POSITIVE | CGTX has a high relative strength, it outperformed 89.92% 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) | DOWN | NEGATIVE | The current price of CGTX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CGTX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.37 | NEUTRAL | The RSI value for CGTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests CGTX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 42.93 | NEUTRAL | The Stochastics value for CGTX is a neutral value. |
| Average True Range in percent/ATR (20) | 6.3 | HIGH VOLATILITY | The high ATR as a percentage value for CGTX suggests high volalility. |
| Average Directional Index/ADX (14) | 9.94 | NEGATIVE | The low ADX value for CGTX suggests a weak or negative trend. |
1.43
-0.03 (-2.05%)
COGNITION THERAPEUTICS INC / CGTX FAQ
What is the technical rating for CGTX stock?
ChartMill assigns a technical rating of 4 / 10 to CGTX.
Can you provide the trend direction for COGNITION THERAPEUTICS INC?
The current trend direction for COGNITION THERAPEUTICS INC (CGTX) is Bearish.
Can you provide the RSI signal for COGNITION THERAPEUTICS INC?
COGNITION THERAPEUTICS INC (CGTX) has an RSI value of 47.3673. This indicates that the stock is currently neutral.
What are the support and resistance levels for COGNITION THERAPEUTICS INC (CGTX) stock?
COGNITION THERAPEUTICS INC (CGTX) has a support level at 1.43 and a resistance level at 1.47. Check the full technical report for our detailed analysis of CGTX support and resistance levels.