COGENT BIOSCIENCES INC (COGT) Stock Technical Analysis
NASDAQ:COGT - Nasdaq - US19240Q2012 - Common Stock - Currency: USD
Taking everything into account, COGT scores 6 out of 10 in our technical rating. COGT has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
68% of all other stocks performed better in the past year than COGT.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month COGT has a been trading in the 4.75 - 7.82 range, which is quite wide. It is currently trading near the high of this range.
COGT has an average volume of 1581600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
COGT is an average performer in the Biotechnology industry, it outperforms 68% of 557 stocks in the same industry.
COGT is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so COGT is lagging the market slightly.
COGT 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
4.34
11.51
We found 3 important support areas.
- A support zone ranging from 5.25 to 5.29. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @4.99 from a trend line in the daily time frame.
- Support @4.38 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 7.63 to 7.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @11.40 from a trend line in the weekly 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 COGT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for COGT is up. |
| ChartMill Relative Strength | 32.6 | NEUTRAL | COGT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of COGT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of COGT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of COGT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 73.68 | OVERBOUGHT | The high RSI value suggests COGT may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests COGT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 89.28 | OVERBOUGHT | The high Stochastics value suggests COGT may be overbought. |
| Average True Range in percent/ATR (20) | 6.41 | HIGH VOLATILITY | The high ATR as a percentage value for COGT suggests high volalility. |
| Average Directional Index/ADX (14) | 38.69 | POSITIVE | The high ADX value value for COGT 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)
7.62
+0.13 (+1.74%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg1.74%
1 Week2.7%
2 Weeks31.61%
1 Month53.01%
3 Month6.42%
6 Month-2.81%
12 Month-13.31%
2 Year-35.64%
3 Year-15.52%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.58
ATR(20)%6.41%
ATR Inc-2.37%
Range Today0.47
ADR(20)0.47
ADR(20)%6.22%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS32.6
Mansfield-1.16
10 Day High7.82
10 Day Low5.49
20 Day High7.82
20 Day Low4.75
52 Week High12.61
52 Week Low3.72
CS1 End5.29
CR1 Start7.63
Volume & EV
DER(3)0.34%
DER(5)-0.02%
Volume2.15M
Volume Incr18.44%
Vol(5)2.00M
Vol(50)1.58M