14-day Premium Trial Subscription Sign Up For FreeGet Free

Compugen Ltd. Stock Forecast NASDAQ:CGEN

$4.47 (-1.54%)

Volume: 1M

Closed: Nov 29, 2021

Hollow Logo Score: -6.192

Compugen Ltd. Stock Forecast

$4.47 (-1.54%)

Volume: 1M

Closed: Nov 29, 2021

Score Hollow Logo -6.192
Which way will CGEN go? Request
Key Stats
P/E Ratio -10.99
Beta 1.94
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 80 ] The Compugen Ltd. stock currently holds an RSI14 at 23 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.

Evaluation of Compugen Ltd. stock downgraded after the last trading session.
(Updated on Nov 29, 2021)

Sell candidate since 2021-11-12 Loss -23.85%

The Compugen Ltd. stock price fell by -1.54% on the last day (Monday, 29th Nov 2021) from $4.54 to $4.47. and has now fallen 3 days in a row. During the day the stock fluctuated 6.76% from a day low at $4.44 to a day high of $4.74. The price has fallen in 8 of the last 10 days and is down by -23.85% for this period. Volume has increased on the last day by 462 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 million shares were bought and sold for approximately $5.00 million.

The stock has broken the very wide and falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point ($4.92) are considered to be a "second chance" to get out. According to the fan-theory $2.93 will represent the new bottom line of the next trend, but it is far too early to say this for certain.

Signals & Forecast

There are few to no technical positive signals at the moment. The Compugen Ltd. stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $4.61 and $5.97. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, November 11, 2021, and so far it has fallen -37.57%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.30 between high and low, or 6.76%. For the last week, the stock has had a daily average volatility of 5.65%.

Compugen Ltd. is oversold on RSI14 (23). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Compugen Ltd. stock A Buy?

Compugen Ltd. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.

Current score: -6.192

Predicted Opening Price for Compugen Ltd. of Tuesday, November 30, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price November 30, 2021 Current price
$4.55 $4.47 (Undervalued)
Strong Sell Candidate Downgraded

Remember To Visit Our YouTube Channel

Analyst Ratings

On Nov 15, 2021 "JMP Securities" gave "$18.00" rating for CGEN. The price target was changed from $5.53 to 5.8%.

Volatility and Risk
Daily Average Volatility: 5.65 %
Overall Risk: Very High High Medium Low Very Low
5.65 %
Daily Average Volatility
Overall Risk

Very High
Very Low

Support & Resistance

Resistance: $4.92
Price: $4.47
No Support Found

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 4.85 8.50 %
4.74 5.94 %
4.66 4.35 %
Current price: 4.47
Support 4.44 -0.77 %
4.36 -2.36 %
4.25 -4.92 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 5.45 21.92 %
5.16 15.44 %
4.92 10.07 %
Current price 4.47
Support 0 .
0 .
0 .

Click to get the best stock tips daily for free!

About Compugen Ltd.

Compugen Ltd Compugen Ltd., a therapeutic discovery company, engages in the research, development, and commercialization of therapeutic and product candidates in Israel and Europe. The company primarily focuses on immune checkpoint target candidates to serve as drug targets for cancer immunotherapies addressing various cancer types and patient populations. Its antibody drug conjugate target candidates include CGEN-15001T, CGEN-15022, CGEN-15029, CGEN-15049, C... Read more

Golden Star Signal

This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.

This signal is rare and, in most cases, gives substantial returns. From 10 000+ stocks usually only a few will trigger a Golden Star Signal per day!

Get access to Golden Star list now!

StockInvest.usJoin 100 000+ Happy Subscribers

Don't miss out on the runners!

Get The StockInvest.Us Newsletter

StockInvest.usStock Podcast

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE