Explanation to Bollinger's Bands

Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.

Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.

Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation

BandWidth defines the current width of the band.
%b defines the current position within the band.

BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)

Live Samples:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.

Source: http://www.bollingerbands.com

RSI low/high Values: [ 25 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of CGEN
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Green day on Thursday for Compugen Ltd.
(Updated on Mar 28, 2024)

Buy candidate since Mar 27, 2024 Gain 1.57% PDF

The Compugen Ltd. stock price gained 1.57% on the last trading day (Thursday, 28th Mar 2024), rising from $2.54 to $2.58. During the last trading day the stock fluctuated 5.00% from a day low at $2.50 to a day high of $2.63. The price has fallen in 6 of the last 10 days and is down by -3.73% for this period. Volume fell on the last day by -25 thousand shares and in total, 285 thousand shares were bought and sold for approximately $735.50 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $2.53 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 44.08% during the next 3 months and, with a 90% probability hold a price between $3.65 and $4.67 at the end of this 3-month period.

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CGEN Signals & Forecast

A sell signal was issued from a pivot top point on Monday, March 04, 2024, and so far it has fallen -12.54%. 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 fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. Some positive signals were issued as well, and these may have some influence on the near short-term development. The Compugen Ltd. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $2.59. On a fall, the stock will find some support from the long-term average at approximately $2.55. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal.

Support, Risk & Stop-loss for Compugen Ltd. stock

Compugen Ltd. finds support from accumulated volume at $2.57 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.125 between high and low, or 5.00%. For the last week the stock has had daily average volatility of 5.26%.

Our recommended stop-loss: $2.47 (-4.40%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 18 days ago.)

Trading Expectations (CGEN) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Compugen Ltd. to open at $2.57, and during the day (based on 14 day Average True Range), to move between $2.41 and $2.75, which gives a possible trading interval of +/-$0.172 (+/-6.67%) up or down from last closing price. If Compugen Ltd. takes out the full calculated possible swing range there will be an estimated 13.33% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $2.57 (0.39%) than the resistance at $2.65 (2.71%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Compugen Ltd. stock A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.

Current score: 1.986 Buy Candidate Unchanged

Predicted Opening Price for Compugen Ltd. of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$2.57 ( 0.452%) $2.58

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

Trading levels for CGEN

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 2.69 4.39 %
R2 2.65 2.54 %
R1 2.62 1.40 %
Current price: 2.58
Support S1 2.52 -2.30 %
S2 2.49 -3.45 %
S3 2.44 -5.30 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 2.95 14.34 %
R2 2.94 13.95 %
R1 2.65 2.71 %
Current price 2.58
Support S1 2.57 -0.388%
S2 2.55 -1.16%
S3 2.21 -14.34%

FAQ

What is the symbol for Compugen Ltd. Stock and on which exchange is it traded?
The symbol for Compugen Ltd. is CGEN and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Compugen Ltd. Stock?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.

How to buy Compugen Ltd. Stock?
Compugen Ltd. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Compugen Ltd. Stock.

What's the current price of Compugen Ltd. Stock?
As of the end of day on the 2024-03-28, the price of an Compugen Ltd. (CGEN) share was $2.58.

What is the 52-week high and low for Compugen Ltd. Stock?
The 52-week high for Compugen Ltd. Stock is $3.03 and the 52-week low is $0.530.

What is the market capitalization of Compugen Ltd. Stock?
As of the 2024-03-28, the market capitalization of Compugen Ltd. is 230.988M.

When is the next earnings date for Compugen Ltd.?
The upcoming earnings date for Compugen Ltd. is May 20, 2024.
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About Compugen Ltd.

Compugen Ltd. Compugen Ltd., a clinical-stage therapeutic discovery and development company, researches, develops, and commercializes therapeutic and product candidates in Israel, the United States, and Europe. The company's immuno-oncology pipeline consists of COM701, an anti-PVRIG antibody that is in Phase I clinical study used for the treatment of solid tumors; COM902, a therapeutic antibody targeting TIGIT, which is in Phase I clinical study in patients wi... CGEN Profile

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