COGT Technical Analysis - COGENT BIOSCIENCES INC

Technical Rating and Analysis

We assign a technical rating of 9 out of 10 to COGT. Both in the recent history as in the last year, COGT has proven to be a steady performer, scoring decent points in every aspect analyzed.

Both the short term and long term trends are positive. This is a very positive sign.

COGT is one of the better performing stocks in the Biotechnology industry, it outperforms 82% of 538 stocks in the same industry.

COGT is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month COGT has a been trading in the 11.60 - 13.55 range, which is quite wide. It is currently trading near the high of this range.

COGT has an average volume of 1759400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Looking at the yearly performance, COGT did better than 92% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

COGENT BIOSCIENCES INC / COGT Weekly stock chart

COGENT BIOSCIENCES INC / COGT Daily stock chart

Setup Rating and Analysis

Although COGT has an excellent technical rating, it 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

7.56

14.03

We found 3 important support areas.

A support zone ranging from 13.30 to 13.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
A support zone ranging from 11.96 to 12.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @7.64 from a horizontal line in the daily time frame.

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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	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	92.31	POSITIVE	COGT has a high relative strength, it outperformed 92.31% off all stocks 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)	UP	POSITIVE	The current price of COGT is above the rising SMA(200).
Relative Strength Index/RSI (14)	61.72	NEUTRAL	The RSI value for COGT is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.01	POSITIVE	The MACD value suggests COGT has a positive trend.
Stochastics (14,3)	84.5	OVERBOUGHT	The high Stochastics value suggests COGT may be overbought.
Average True Range in percent/ATR (20)	4.33	MEDIUM VOLATILITY	The ATR as a percentage value for COGT suggests some volalility.
Average Directional Index/ADX (14)	27.78	POSITIVE	The high ADX value value for COGT suggests a strong trend.