COGENT BIOSCIENCES INC (COGT) Stock Technical Analysis
NASDAQ:COGT • US19240Q2012
We assign a technical rating of 7 out of 10 to COGT. In the last year, COGT was one of the better performers, but we do observe some doubts in the very recent evolution.
- In the last month COGT has a been trading in the 35.50 - 41.35 range, which is quite wide. It is currently trading near the lows of this range.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- Looking at the yearly performance, COGT did better than 98% of all other stocks. We also observe that the gains produced by COGT over the past year are nicely spread over this period.
- COGT is one of the better performing stocks in the Biotechnology industry, it outperforms 95% of 522 stocks in the same industry.
- 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.
- COGT has an average volume of 2257660 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, COGT also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 37.71. Right above this resistance zone may be a good entry point.
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19.55
When analyzing the support we can see 4 important areas.
- Support @36.09 from a trend line in the daily time frame.
- A support zone ranging from 34.25 to 34.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @33.40 from a horizontal line in the daily time frame.
- A support zone ranging from 19.75 to 19.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 37.71 to 38.24. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 39.91 to 40.17. This zone is formed by a combination of multiple trend lines in the daily 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 | NEUTRAL | NEUTRAL | The short term trend for COGT is neutral. |
| ChartMill Relative Strength | 98.97 | POSITIVE | COGT has a high relative strength, it outperformed 98.97% 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) | DOWN | NEGATIVE | The current price of COGT is below a declining 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) | 46.93 | NEUTRAL | The RSI value for COGT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests COGT has a negative trend. |
| Stochastics (14,3) | 31.73 | NEUTRAL | The Stochastics value for COGT is a neutral value. |
| Average True Range in percent/ATR (20) | 5.17 | HIGH VOLATILITY | The high ATR as a percentage value for COGT suggests high volalility. |
| Average Directional Index/ADX (14) | 11.9 | NEGATIVE | The low ADX value for COGT suggests a weak or negative 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 |
|---|---|---|---|
| 38.25 | 36.08 | 2.17 (5.67%) | 17.63% |
| An entry @38.25. This is a Buy Stop order right above the resistance zone. | An exit @36.08. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.17 points, which is 5.67%. | For a 1.00% total portfolio risk, you can invest 17.63% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of COGT. Please evaluate whether better entry and exit points can be found.
- 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.
36.53
-0.19 (-0.52%)
COGENT BIOSCIENCES INC / COGT FAQ
What is the technical rating for COGT stock?
ChartMill assigns a technical rating of 7 / 10 to COGT.
Can you provide the trend direction for COGENT BIOSCIENCES INC?
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 46.9348. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for COGENT BIOSCIENCES INC?
COGENT BIOSCIENCES INC (COGT) has a support level at 36.09 and a resistance level at 37.71. Check the full technical report for our detailed analysis of COGT support and resistance levels.