Israeli stock alert

ISRAEL

Morning Alert: Compugen up 12.4% in 2 days 21 January 2018 11:10 IST

NEWS BITES - MIDDLE EAST & NORTH AFRICA

Compugen Ltd. (TASE:CGEN) extended its gains on Sunday, rising an additional 59.90 agorot (or 6.4%) to trade at NIS9.97. Trading volume was 2.0 times average so far today. The shares have risen NIS1.10 (or 12.4%) over the past two trading days vs. the TA-25 Index which has risen 0.1% in the same period.

SECTION 1: The past week

Current indications of bullish signals that support the trend in the unusual trading

1.1 At a glance

Weekly: Compugen in its biggest weekly gain in 1 month January 18, 2018 17:30 IST

Compugen Ltd. (TASE:CGEN), Israel's 6th largest Biomedical company by market cap, has increased 32.40 agorot (or 3.6%) in the past week to close at NIS9.37. In the past week the shares have increased 3.6%, the biggest weekly gain since December 21, 2017. Compared with the TA-25 Index which rose 9.1 points (or 0.6%) in the week, this represented a relative price increase of 3.0%. The volume was 0.7 times average trading per week of 330,960 shares. In the past week the market cap has risen NIS16.6 million.

1.2 5-day Recap

Compugen outperformed the TA-25 index in 3 out of 5 days.

DayHeadlineClose price [NIS]Price change %Relative change %Comment
ThursdayCompugen rises 5.6% on high volatility9.375.65.6Top Rise
TuesdayCompugen in its biggest weekly gain in 1 month9.321.00.8
SundayCompugen accelerates rise, up 6.7% in 2 days9.353.42.4

Note

DayHeadlineClose price [NIS]Price change %Relative change %Comment
WednesdayCompugen closes at 4.4% below VWP8.87-4.8-4.3Steepest Fall
MondayCompugen decreases 1.3%9.23-1.3-1.2

SECTION 2: Technical indicators

Bullish:

The positive 0.01 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal (12-day minus 26-day Exponential Moving Averages). Both the 12-day and the 26-day EMA are rising - another bullish signal.

The price jumped 6.6% in the last week and lifted 3.8% in the last month.

Note

The stock is at a discount of 48.0% to the 12-month high of NIS19.19 on 25 May, 2017. It is also at a premium of 21.1% to the 12-month low of NIS8.23 on 05 Dec, 2017.

Bearish:

The stock has underperformed 85% of the Israel market over the past 6 months.

In the last three months the stock has hit a new 52-week low six times, pointing to a downtrend.

The present value of NIS1,000 invested one year ago is NIS551 [vs NIS1,081 for the TA-25 Index], for a capital loss of NIS449. The total return to shareholders for 1 year is -44.9%.

SECTION 3: Ranking

DescriptionValueRank In Market
MCap $US million149.2In 3rd Quartile
52-week Range (in NIS)8.2-19.2
1-month Range (in NIS)8.7-10.0
Price/MAP2000.79In Bottom Quartile
Bollinger Bands1.1Bearish

Compugen Ltd. (TV:CGEN; TLV:CGEN; TA:CGEN; TA:CGEN; IT:CGEN)

ISIN: IL0010852080

PermID: 4295875123

Source: www.BuySellSignals.com