COLLEGIUM PHARMACEUTICAL INC (COLL) Stock Technical Analysis
NASDAQ:COLL - Nasdaq - US19459J1043 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to COLL. Recently some decent action could be observed, but in the medium term time frame this is still negative. COLL was also a bad performer in the overall market in the last year.
COLL has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 29.50. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 26.71, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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26.04
When analyzing the support we notice one important area.
- A support zone ranging from 26.30 to 26.71. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 29.50 to 30.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @31.86 from a trend line in the daily time frame.
- Resistance @34.71 from a horizontal line 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 | NEUTRAL | NEUTRAL | The long term trend for COLL is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for COLL is up. |
| ChartMill Relative Strength | 31.48 | NEUTRAL | COLL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of COLL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of COLL is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of COLL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.16 | NEUTRAL | The RSI value for COLL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests COLL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 71.42 | NEUTRAL | The Stochastics value for COLL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.54 | MEDIUM VOLATILITY | The ATR as a percentage value for COLL suggests some volalility. |
| Average Directional Index/ADX (14) | 20.13 | NEUTRAL | The ADX value for COLL suggests a possible start of a new trend. |
28.82
-0.65 (-2.21%)