MIRATI THERAPEUTICS INC (MRTX) Technical Analysis
NASDAQ:MRTX • US60468T1051
Current stock price
MRTX Technical Rating and Analysis
We assign a technical rating of 6 out of 10 to MRTX. 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 currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MRTX is lagging the market slightly.
- 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 compared to the yearly performance of all other stocks, MRTX outperforms 69% of them, which is more or less in line with the market.
- MRTX is part of the Biotechnology industry. There are 516 other stocks in this industry, MRTX did better than 55% of them.
- 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 Weekly and Daily overview Charts
MRTX Setup Rating and Analysis
Although the technical rating is only medium, MRTX does present a nice setup opportunity. 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
MRTX Support and Resistance Analysis
54.66
When analyzing the support we can see 2 important areas.
- 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.
When analyzing the resistance we notice 2 important areas.
- 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.
MRTX Technical Indicator Signal Analysis
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. |
MRTX Chart- and CandleStick Pattern Analysis
MRTX Example Setup
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.
MRTX Technicals: Chart, Performance Metrics, Trend & Indicators
58.7
-0.1 (-0.17%)
MIRATI THERAPEUTICS INC / MRTX TA FAQ
What is the technical rating for MRTX stock?
ChartMill assigns a technical rating of 6 / 10 to MRTX.
Can you provide the trend direction for MIRATI THERAPEUTICS INC?
The current trend direction for MIRATI THERAPEUTICS INC (MRTX) is Bullish.
What is the RSI signal for MIRATI THERAPEUTICS INC (MRTX) stock?
MIRATI THERAPEUTICS INC (MRTX) has an RSI value of 56.142. This indicates that the stock is currently neutral.
What is the MACD signal for MIRATI THERAPEUTICS INC (MRTX) stock?
The MACD indicator for MIRATI THERAPEUTICS INC (MRTX) has a value of -0.145037, indicating a bearish trend.
Can you provide the buy/sell signal for MIRATI THERAPEUTICS INC?
The buy/sell signal for MIRATI THERAPEUTICS INC (MRTX) is buy as both the short term and long term trends are positive.