COGENT BIOSCIENCES INC (COGT) Technical Analysis
NASDAQ:COGT • US19240Q2012
Current stock price
COGT Technical Rating and Analysis
We assign a technical rating of 4 out of 10 to COGT. COGT was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
- COGT is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- Looking at the yearly performance, COGT did better than 98% of all other stocks.
- COGT is one of the better performing stocks in the Biotechnology industry, it outperforms 94% of 517 stocks in the same industry.
- COGT is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so COGT is performing more or less in line with the market.
- COGT has an average volume of 1959390 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
COGT Weekly and Daily overview Charts
COGT Setup Rating and Analysis
Although the technical rating is only medium, COGT does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 34.26, a Stop Loss order could be placed below this zone.
More info and screens
COGT Support and Resistance Analysis
20.98
When analyzing the support we can see 3 important areas.
- A support zone ranging from 33.99 to 34.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @33.40 from a horizontal line in the daily time frame.
- A support zone ranging from 21.19 to 21.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 34.90 to 35.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @37.96 from a trend line in the weekly time frame.
- A resistance zone ranging from 38.86 to 39.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @40.17 from a horizontal line in the daily time frame.
COGT 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 | DOWN | NEGATIVE | The short term trend for COGT is down. |
| ChartMill Relative Strength | 98.82 | POSITIVE | COGT has a high relative strength, it outperformed 98.82% 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) | 39.61 | NEUTRAL | The RSI value for COGT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.32 | NEGATIVE | The MACD value suggests COGT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 20.3 | NEUTRAL | The Stochastics value for COGT is a neutral value. |
| Average True Range in percent/ATR (20) | 5.56 | HIGH VOLATILITY | The high ATR as a percentage value for COGT suggests high volalility. |
| Average Directional Index/ADX (14) | 14.65 | NEGATIVE | The low ADX value for COGT suggests a weak or negative trend. |
COGT Chart- and CandleStick Pattern Analysis
COGT Technicals: Chart, Performance Metrics, Trend & Indicators
34.61
+0.24 (+0.7%)
COGENT BIOSCIENCES INC / COGT TA FAQ
What is the technical rating for COGT stock?
ChartMill assigns a technical rating of 4 / 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 39.6066. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for COGENT BIOSCIENCES INC?
The buy/sell signal for COGENT BIOSCIENCES INC (COGT) is hold as the short term and long term trends are mixed.
What is the support and resistance level for COGT stock?
COGENT BIOSCIENCES INC (COGT) has a support level at 34.26 and a resistance level at 34.9. Check the full technical report for our detailed analysis of COGT support and resistance levels.