MIRATI THERAPEUTICS INC (MRTX) Stock Technical Analysis
NASDAQ:MRTX - Nasdaq - US60468T1051 - Common Stock - Currency: USD
Taking everything into account, MRTX scores 6 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, MRTX is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
MRTX is one of the better performing stocks in the Biotechnology industry, it outperforms 81% of 560 stocks in the same industry.
MRTX is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so MRTX is performing more or less in line with the market.
MRTX has an average volume of 1883950 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, MRTX turns out to be only a medium performer in the overall market: it outperformed 69% of all stocks.
In the last month MRTX has a been trading in a tight range between 58.54 and 59.46.
Volume is considerably higher in the last couple of days.
MRTX has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 58.69, a Stop Loss order could be placed below this zone.
More info and screens
54.66
60.81
2 important support areas can be observed.
- A support zone ranging from 58.69 to 58.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @55.21 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 58.94 to 59.10. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @60.21 from a horizontal line in the weekly time frame.
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 MRTX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MRTX is up. |
| ChartMill Relative Strength | 69.11 | NEUTRAL | MRTX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MRTX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of MRTX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MRTX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.14 | NEUTRAL | The RSI value for MRTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests MRTX has a negative trend. |
| Stochastics (14,3) | 20.83 | NEUTRAL | The Stochastics value for MRTX is a neutral value. |
| Average True Range in percent/ATR (20) | 0.63 | LOW VOLATILITY | The low ATR as a percentage value for MRTX suggests low volalility. |
| Average Directional Index/ADX (14) | 48.52 | POSITIVE | The high ADX value value for MRTX suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 59.11 | 58.68 | 0.43 (0.73%) | 25.00% |
| An entry @59.11. This is a Buy Stop order right above the resistance zone. | An exit @58.68. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.43 points, which is 0.73%. | For a 0.18% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of MRTX. 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.
58.7
-0.1 (-0.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-0.17%
1 Week-0.98%
2 Weeks-0.68%
1 Month-0.44%
3 Month6.01%
6 Month98.04%
12 Month10.57%
2 Year-50.8%
3 Year-71.41%
5 Year-11.17%
10 Year181.94%
15 YearN/A
Volatility
ATR(14)0.39
ATR(20)%0.63%
ATR Inc30.23%
Range Today0.45
ADR(20)0.37
ADR(20)%0.63%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS69.11
Mansfield1.55
10 Day High59.46
10 Day Low58.54
20 Day High59.46
20 Day Low58.54
52 Week High64.41
52 Week Low27.3
CS1 End58.69
CR1 Start58.94
Volume & EV
DER(3)0.83%
DER(5)-0.65%
Volume20.99M
Volume Incr292.61%
Vol(5)5.72M
Vol(50)1.88M