COLLPLANT BIOTECHNOLOGIES LT (CLGN) Stock Technical Analysis
NASDAQ:CLGN - Nasdaq - IL0004960188 - Common Stock - Currency: USD
We assign a technical rating of 3 out of 10 to CLGN. CLGN's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
When comparing the yearly performance of all stocks, CLGN is a bad performer in the overall market: 93% of all stocks are doing better.
CLGN is one of the lesser performing stocks in the Biotechnology industry. 64% of 558 stocks in the same industry do better.
CLGN is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CLGN is lagging the market.
In the last month CLGN has a been trading in the 1.55 - 4.98 range, which is quite wide. It is currently trading near the lows of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
The technical rating of CLGN is bad and it also does not present a 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
2.51
4.58
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 2.55 to 2.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @4.41 from a horizontal line in the daily time frame.
- Resistance @4.53 from a trend 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 CLGN is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CLGN is neutral. |
| ChartMill Relative Strength | 7.64 | NEGATIVE | CLGN has a low relative strength, it was outperformed by 92.36% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CLGN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of CLGN is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CLGN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.88 | NEUTRAL | The RSI value for CLGN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests CLGN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 32.13 | NEUTRAL | The Stochastics value for CLGN is a neutral value. |
| Average True Range in percent/ATR (20) | 16.58 | HIGH VOLATILITY | The high ATR as a percentage value for CLGN suggests high volalility. |
| Average Directional Index/ADX (14) | 30.47 | POSITIVE | The high ADX value value for CLGN 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)
2.54
+0.26 (+11.4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg11.4%
1 Week31.61%
2 Weeks45.98%
1 Month21.24%
3 Month-23.93%
6 Month-36.5%
12 Month-50.49%
2 Year-68.87%
3 Year-68.25%
5 Year-74.57%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.54
ATR(20)%16.58%
ATR Inc48.04%
Range Today0.42
ADR(20)0.38
ADR(20)%14.77%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS7.64
Mansfield-3.7
10 Day High4.98
10 Day Low1.75
20 Day High4.98
20 Day Low1.55
52 Week High5.48
52 Week Low1.55
CS1 EndN/A
CR1 Start2.55
Volume & EV
DER(3)-2.8%
DER(5)-2.36%
Volume147.70K
Volume Incr7353.16%
Vol(5)706.56K
Vol(50)81.67K