CLGN Technical Analysis - COLLPLANT BIOTECHNOLOGIES LT

Technical Rating and Analysis

We assign a technical rating of 5 out of 10 to CLGN. In the last year, CLGN was a medium performer in the overall market. We are getting mixed signals now in both the short and medium term picture.

In the last month CLGN has a been trading in the 2.27 - 3.18 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.

Both the short term and long term trends are neutral. So this is not the most entertaining stock around.

Looking at the yearly performance, CLGN did better than 75% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.

CLGN is an average performer in the Biotechnology industry, it outperforms 62% of 536 stocks in the same industry.

CLGN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CLGN is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

COLLPLANT BIOTECHNOLOGIES LT / CLGN Weekly stock chart

COLLPLANT BIOTECHNOLOGIES LT / CLGN Daily stock chart

Setup Rating and Analysis

CLGN has an average technical rating and also the quality of the setup is only medium 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

2.43

4.51

When analyzing the support we notice one important area.

A support zone ranging from 2.45 to 2.45. This zone is formed by a combination of multiple trend lines in multiple time frames.

3 important resistance areas can be observed.

Resistance @3.07 from a trend line in the daily time frame.
Resistance @3.15 from a horizontal line in the daily time frame.
Resistance @4.47 from a horizontal line in the daily time frame.

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What is Support and Resistance

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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	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	75.61	POSITIVE	CLGN has a high relative strength, it outperformed 75.61% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of CLGN is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of CLGN is below the rising 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)	44.41	NEUTRAL	The RSI value for CLGN is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.02	NEGATIVE	The MACD value suggests CLGN has a negative trend.
Stochastics (14,3)	31.88	NEUTRAL	The Stochastics value for CLGN is a neutral value.
Average True Range in percent/ATR (20)	9.4	HIGH VOLATILITY	The high ATR as a percentage value for CLGN suggests high volalility.
Average Directional Index/ADX (14)	14.27	NEGATIVE	The low ADX value for CLGN suggests a weak or negative trend.