NEUROGENE INC (NGNE) Stock Technical Analysis
NASDAQ:NGNE - Nasdaq - US64135M1053 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to NGNE. NGNE has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
NGNE 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 short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
NGNE is one of the better performing stocks in the Biotechnology industry, it outperforms 75% of 560 stocks in the same industry.
In the last month NGNE has a been trading in the 14.65 - 22.20 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that NGNE is one of the better performing stocks in the market, outperforming 80% 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 NGNE has an excellent technical rating, it does not present a decent entry opportunity 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
15.17
23.53
When analyzing the support we can see 2 important areas.
- Support @16.04 from a trend line in the daily time frame.
- Support @15.32 from a trend line in the daily time frame.
We can see 3 important resistance areas.
- Resistance @21.83 from a horizontal line in the weekly time frame.
- Resistance @22.19 from a trend line in the daily time frame.
- Resistance @23.30 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 NGNE is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NGNE is up. |
| ChartMill Relative Strength | 80.45 | POSITIVE | NGNE has a high relative strength, it outperformed 80.45% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NGNE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NGNE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NGNE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.3 | NEUTRAL | The RSI value for NGNE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.38 | POSITIVE | The MACD value suggests NGNE has a positive trend. |
| Stochastics (14,3) | 95.27 | OVERBOUGHT | The high Stochastics value suggests NGNE may be overbought. |
| Average True Range in percent/ATR (20) | 7.77 | HIGH VOLATILITY | The high ATR as a percentage value for NGNE suggests high volalility. |
| Average Directional Index/ADX (14) | 26.11 | POSITIVE | The high ADX value value for NGNE 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)
21.43
-0.53 (-2.41%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-2.41%
1 Week6.67%
2 Weeks29.33%
1 Month2.44%
3 Month94.82%
6 Month9.45%
12 Month-49.67%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.66
ATR(20)%7.77%
ATR Inc-36.05%
Range Today0.97
ADR(20)1.66
ADR(20)%7.74%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.45
Mansfield-2.6
10 Day High22.2
10 Day Low14.65
20 Day High22.2
20 Day Low14.65
52 Week High74.49
52 Week Low6.88
CS1 End16.04
CR1 Start21.83
Volume & EV
DER(3)5.72%
DER(5)5.6%
Volume113.40K
Volume Incr-35.6%
Vol(5)154.64K
Vol(50)224.05K