PRECIGEN INC (PGEN) Technical Analysis
NASDAQ:PGEN • US74017N1054
Current stock price
PGEN Technical Rating and Analysis
Overall PGEN gets a technical rating of 7 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, PGEN is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- PGEN is one of the better performing stocks in the Biotechnology industry, it outperforms 82% of 515 stocks in the same industry.
- In the last month PGEN has a been trading in the 3.80 - 4.37 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- PGEN has an average volume of 4551490 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that PGEN is one of the better performing stocks in the market, outperforming 93% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- PGEN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PGEN is lagging the market.
- Considerably lower volume is observed in the last couple of days.
PGEN Weekly and Daily overview Charts
PGEN Setup Rating and Analysis
PGEN has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 4.07, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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.
More info and screens
PGEN Support and Resistance Analysis
3.09
When analyzing the support we can see 5 important areas.
- A support zone ranging from 3.99 to 4.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.89 from a horizontal line in the daily time frame.
- Support @3.56 from a trend line in the weekly time frame.
- A support zone ranging from 3.32 to 3.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3.12 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @4.17 from a horizontal line in the weekly time frame.
- Resistance @4.28 from a horizontal line in the daily time frame.
- Resistance @4.85 from a horizontal line in the weekly time frame.
PGEN 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 PGEN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PGEN is up. |
| ChartMill Relative Strength | 93.76 | POSITIVE | PGEN has a high relative strength, it outperformed 93.76% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PGEN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of PGEN is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PGEN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.79 | NEUTRAL | The RSI value for PGEN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests PGEN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 61.39 | NEUTRAL | The Stochastics value for PGEN is a neutral value. |
| Average True Range in percent/ATR (20) | 5.57 | HIGH VOLATILITY | The high ATR as a percentage value for PGEN suggests high volalility. |
| Average Directional Index/ADX (14) | 20.63 | NEUTRAL | The ADX value for PGEN suggests a possible start of a new trend. |
PGEN Chart- and CandleStick Pattern Analysis
PGEN 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.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 4.18 | 3.98 | 0.20 (4.78%) | 20.90% |
| An entry @4.18. This is a Buy Stop order right above the resistance zone. | An exit @3.98. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.20 points, which is 4.78%. | When investing 20.90% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of PGEN. Please evaluate whether better entry and exit points can be found.
- 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.
PGEN Technicals: Chart, Performance Metrics, Trend & Indicators
4.08
-0.08 (-1.92%)
PRECIGEN INC / PGEN TA FAQ
What is the technical rating for PGEN stock?
ChartMill assigns a technical rating of 7 / 10 to PGEN.
Can you provide the trend direction for PRECIGEN INC?
The current trend direction for PRECIGEN INC (PGEN) is Bullish.
What is the RSI signal for PRECIGEN INC (PGEN) stock?
PRECIGEN INC (PGEN) has an RSI value of 53.7868. This indicates that the stock is currently neutral.
What is the buy/sell signal for PGEN stock?
The buy/sell signal for PRECIGEN INC (PGEN) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for PRECIGEN INC?
PRECIGEN INC (PGEN) has a support level at 4.07 and a resistance level at 4.17. Check the full technical report for our detailed analysis of PGEN support and resistance levels.