COGENT BIOSCIENCES INC (COGT) Stock Technical Analysis
NASDAQ:COGT - Nasdaq - US19240Q2012 - Common Stock - Currency: USD
We assign a technical rating of 9 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.
Both the short term and long term trends are positive. This is a very positive sign.
COGT is part of the Biotechnology industry. There are 558 other stocks in this industry. COGT outperforms 94% of them.
COGT is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so COGT is lagging the market slightly.
In the last month COGT has a been trading in the 6.88 - 11.32 range, which is quite wide. It is currently trading near the high 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.
COGT has an average volume of 2889040 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that COGT is one of the better performing stocks in the market, outperforming 96% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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.
More info and screens
4.34
12.10
We found 3 important support areas.
- A support zone ranging from 7.64 to 7.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @5.70 from a trend line in the daily time frame.
- Support @4.38 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @11.33 from a trend line in the weekly time frame.
- Resistance @11.98 from a horizontal 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 | 96.31 | POSITIVE | COGT has a high relative strength, it outperformed 96.31% 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) | 87.16 | OVERBOUGHT | The high RSI value suggests COGT may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.34 | POSITIVE | The MACD value suggests COGT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 92.18 | OVERBOUGHT | The high Stochastics value suggests COGT may be overbought. |
| Average True Range in percent/ATR (20) | 6.13 | HIGH VOLATILITY | The high ATR as a percentage value for COGT suggests high volalility. |
| Average Directional Index/ADX (14) | 56.88 | 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)
11.09
+0.11 (+1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg1%
1 Week18.61%
2 Weeks56.2%
1 Month53.6%
3 Month153.78%
6 Month38.11%
12 Month28.8%
2 Year-14.63%
3 Year0%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.77
ATR(20)%6.13%
ATR Inc-18.5%
Range Today0.53
ADR(20)0.61
ADR(20)%5.54%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.31
Mansfield2.37
10 Day High11.33
10 Day Low7.07
20 Day High11.33
20 Day Low6.88
52 Week High12.61
52 Week Low3.72
CS1 End7.7
CR1 Start11.33
Volume & EV
DER(3)1.34%
DER(5)1.46%
Volume3.68M
Volume Incr62.55%
Vol(5)6.34M
Vol(50)2.89M