COGENT BIOSCIENCES INC (COGT) Stock Technical Analysis
USA - NASDAQ:COGT - US19240Q2012 - Common Stock
We assign a technical rating of 8 out of 10 to COGT. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, COGT is showing a nice and steady performance.
Besides having an excellent technical rating, COGT also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 16.39. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 14.83, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for COGT 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
12.99
We found 2 important support areas.
- A support zone ranging from 14.71 to 14.83. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @13.12 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 16.39 to 16.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 91.57 | POSITIVE | COGT has a high relative strength, it outperformed 91.57% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of COGT is below a declining 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) | UP | POSITIVE | The current price of COGT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.94 | NEUTRAL | The RSI value for COGT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests COGT has a negative trend. |
| Stochastics (14,3) | 61.13 | NEUTRAL | The Stochastics value for COGT is a neutral value. |
| Average True Range in percent/ATR (20) | 5.55 | HIGH VOLATILITY | The high ATR as a percentage value for COGT suggests high volalility. |
| Average Directional Index/ADX (14) | 31.26 | POSITIVE | The high ADX value value for COGT suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 16.58 | 14.70 | 1.88 (11.34%) | 8.82% |
| An entry @16.58. This is a Buy Stop order right above the resistance zone. | An exit @14.70. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.88 points, which is 11.34%. | For a 1.00% total portfolio risk, you can invest 8.82% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
15.5
-0.8 (-4.91%)
COGENT BIOSCIENCES INC / COGT FAQ
What is the technical rating for COGT stock?
ChartMill assigns a technical rating of 8 / 10 to COGT.
What is the current trend direction of COGENT BIOSCIENCES INC (COGT) stock?
The current trend direction for COGENT BIOSCIENCES INC (COGT) is Bullish.
What is the RSI signal for COGT stock?
COGENT BIOSCIENCES INC (COGT) has an RSI value of 51.9407. This indicates that the stock is currently neutral.
What is the buy/sell signal for COGT stock?
The buy/sell signal for COGENT BIOSCIENCES INC (COGT) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for COGENT BIOSCIENCES INC?
COGENT BIOSCIENCES INC (COGT) has a support level at 14.83 and a resistance level at 16.39. Check the full technical report for our detailed analysis of COGT support and resistance levels.