NEUROGENE INC (NGNE) Stock Technical Analysis
USA - NASDAQ:NGNE - US64135M1053 - Common Stock
Overall NGNE gets a technical rating of 7 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
Besides having an excellent technical rating, NGNE 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 34.27. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for NGNE in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
17.71
We found 4 important support areas.
- Support @27.58 from a trend line in the daily time frame.
- A support zone ranging from 26.66 to 26.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 19.74 to 20.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @17.89 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 34.27 to 34.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 NGNE is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NGNE is neutral. |
| ChartMill Relative Strength | 82.51 | POSITIVE | NGNE has a high relative strength, it outperformed 82.51% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of NGNE is above a declining 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) | UP | POSITIVE | The current price of NGNE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.34 | NEUTRAL | The RSI value for NGNE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.73 | NEGATIVE | The MACD value suggests NGNE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 40.81 | NEUTRAL | The Stochastics value for NGNE is a neutral value. |
| Average True Range in percent/ATR (20) | 11.79 | HIGH VOLATILITY | The high ATR as a percentage value for NGNE suggests high volalility. |
| Average Directional Index/ADX (14) | 29.37 | POSITIVE | The high ADX value value for NGNE suggests a strong 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 |
|---|---|---|---|
| 34.39 | 27.57 | 6.82 (19.83%) | 5.04% |
| An entry @34.39. This is a Buy Stop order right above the resistance zone. | An exit @27.57. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 6.82 points, which is 19.83%. | When investing 5.04% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
31.08
+0.21 (+0.68%)
NEUROGENE INC / NGNE FAQ
What is the technical rating for NGNE stock?
ChartMill assigns a technical rating of 7 / 10 to NGNE.
Can you provide the trend direction for NEUROGENE INC?
The current trend direction for NEUROGENE INC (NGNE) is Bullish.
Can you provide the RSI signal for NEUROGENE INC?
NEUROGENE INC (NGNE) has an RSI value of 55.3353. This indicates that the stock is currently neutral.
What is the MACD signal for NEUROGENE INC (NGNE) stock?
The MACD indicator for NEUROGENE INC (NGNE) has a value of -0.734112, indicating a bearish trend.