NGM BIOPHARMACEUTICALS INC (NGM)

US62921N1054 - Common Stock

1.59  -0.03 (-1.85%)

After market: 1.59 0 (0%)

Technical Rating and Analysis

7

Taking everything into account, NGM scores 7 out of 10 in our technical rating. In the last year, NGM was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.

NGM is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
When comparing the performance of all stocks over the past year, NGM turns out to be only a medium performer in the overall market: it outperformed 67% of all stocks.
NGM is an average performer in the Pharmaceuticals industry, it outperforms 61% of 203 stocks in the same industry.
In the last month NGM has a been trading in the 1.52 - 1.63 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
Weekly and Daily overview Charts
NGM Weekly chart
NGM Daily chart
Setup Rating and Analysis

7

Besides having an excellent technical rating, NGM also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 1.52, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for NGM in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.

  • Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
  • 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.
Support and Resistance Analysis

1.49

1.84

We found 1 important support area.

  • A support zone ranging from 1.51 to 1.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

When analyzing the resistance we notice 4 important areas.

  • A resistance zone ranging from 1.59 to 1.60. This zone is formed by a combination of multiple trend lines in the weekly time frame.
  • Resistance @1.63 from a horizontal line in the daily time frame.
  • Resistance @1.68 from a trend line in the daily time frame.
  • Resistance @1.82 from a trend line in the daily time frame.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS67.76
Mansfield-3.19
10 Day High1.63
10 Day Low1.53
20 Day High1.63
20 Day Low1.52
52 Week High4.69
52 Week Low0.6
Performance
1 Week1.92%
2 Weeks3.92%
1 Month4.61%
3 Month85.1%
6 Month48.6%
12 Month-61.03%
2 Year-89.57%
3 Year-94.53%
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0
RSI(14)55.81
LBB1.51
UBB1.6
Example Setup

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.

ENTRYEXITDISTANCECAPITAL
1.611.520.09 (5.59%)17.89%
An entry @1.61. This is a Buy Stop order right above the resistance zone.An exit @1.52. This is a Stop Loss order right below the 10 day low.The trade has a worst case loss of 0.09 points, which is 5.59%.For a 1.00% total portfolio risk, you can invest 17.89% of your capital in this trade.

  • 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.
NGM Daily chart

NGM BIOPHARMACEUTICALS INC

NASDAQ:NGM (3/28/2024, 8:26:58 PM)

After market: 1.59 0 (0%)

1.59

-0.03 (-1.85%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-1.85%
1 Week1.92%
2 Weeks3.92%
1 Month4.61%
3 Month85.1%
6 Month48.6%
12 Month-61.03%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.04
ATR(20)%2.19%
ATR Inc
Range Today0.05
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High1.63
10 Day Low1.53
20 Day High1.63
20 Day Low1.52
52 Week High4.69
52 Week Low0.6
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume357.10K
Volume Incr6.25%
Vol(5)1.47M
Vol(50)958.48K