CGTX Should I Buy

CGTX is not a good buy right now for a Beginner, long-term investor with $50k–$100k who is impatient and doesn’t want to wait for optimal entries. The stock is in a weakening technical trend with no Intellectia buy signals, and fundamentals are still loss-heavy with no revenue; the primary upside catalyst (Alzheimer’s Phase 2 START readout) is far out (mid-to-late 2027). Net: avoid initiating new long-term capital here today.

Price/Trend: The stock is trading below the pivot (Pivot 1.385) after a -4.55% regular-session drop, indicating near-term weakness. Momentum: MACD histogram is negative (-0.00729) and expanding bearishly, consistent with downside momentum. RSI: RSI(6) at ~25.79 is oversold, which can allow a short bounce, but oversold alone is not a durable long-term buy signal while MACD is deteriorating. Moving Averages: Converging MAs suggest indecision/transition, but current momentum favors bears. Levels: Support sits at S1 1.285 and S2 1.224; price (1.26) is between S1 and S2, meaning support is being tested. Resistance levels are 1.484 (R1) and 1.545 (R2), with the pivot 1.385 as a key reclaim level. Pattern-based outlook provided: Similar-pattern stats point to -1.63% over the next week and -3.59% over the next month (bearish bias). Intellectia Proprietary Trading Signals: - [AI Stock Picker](module://ai_stock_pick): no signal on given stock today. - [SwingMax](module://swingmax): No signal on given stock recently.