MYRIAD GENETICS INC (MYGN) Stock Technical Analysis
USA - NASDAQ:MYGN - US62855J1043 - Common Stock
6.35 USD
-0.19 (-2.91%)
6.35 USD
0 (0%)
We assign a technical rating of 0 out of 10 to MYGN. MYGN's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
88% of all other stocks performed better in the past year than MYGN.
MYGN is one of the lesser performing stocks in the Biotechnology industry. 65% of 531 stocks in the same industry do better.
MYGN is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
MYGN is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
MYGN has an average volume of 1271120 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
The technical rating of MYGN is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
3.80
8.14
When analyzing the support we can see 2 important areas.
- A support zone ranging from 6.29 to 6.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 3.84 to 3.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 6.36 to 6.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 6.69 to 6.79. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @7.87 from a trend line in the daily time frame.
- Resistance @8.06 from a horizontal line in the daily 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 | NEUTRAL | NEUTRAL | The long term trend for MYGN is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MYGN is down. |
| ChartMill Relative Strength | 12.5 | NEGATIVE | MYGN has a low relative strength, it was outperformed by 87.5% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MYGN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MYGN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of MYGN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 35.27 | NEUTRAL | The RSI value for MYGN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests MYGN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 17.64 | OVERSOLD | The low Stochastics value suggests MYGN may be oversold. |
| Average True Range in percent/ATR (20) | 6.98 | HIGH VOLATILITY | The high ATR as a percentage value for MYGN suggests high volalility. |
| Average Directional Index/ADX (14) | 28.49 | POSITIVE | The high ADX value value for MYGN 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)
6.35
-0.19 (-2.91%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-2.91%
1 Week0.32%
2 Weeks-20.13%
1 Month-21.41%
3 Month11.21%
6 Month53.75%
12 Month-58.36%
2 Year-66.74%
3 Year-68.66%
5 Year-63.8%
10 Year-85.4%
15 Year-70.51%
Volatility
ATR(14)0.48
ATR(20)%6.98%
ATR Inc-32%
Range Today0.42
ADR(20)0.41
ADR(20)%6.43%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.5
3 months CRS82.7
6 months CRS91.07
Mansfield-3.42
10 Day High8.38
10 Day Low6.1
20 Day High8.5
20 Day Low6.1
52 Week High16.83
52 Week Low3.76
CS1 End6.29
CR1 Start6.36
Volume & EV
DER(3)-6.25%
DER(5)-2.81%
Volume1.64M
Volume Incr13.08%
Vol(5)1.21M
Vol(50)1.27M
MYRIAD GENETICS INC / MYGN FAQ
What is the ChartMill technical rating of MYRIAD GENETICS INC (MYGN) stock?
ChartMill assigns a technical rating of 0 / 10 to MYGN.
Can you provide the trend direction for MYRIAD GENETICS INC?
The current trend direction for MYRIAD GENETICS INC (MYGN) is Bearish.
Can you provide the RSI signal for MYRIAD GENETICS INC?
MYRIAD GENETICS INC (MYGN) has an RSI value of 35.2745. This indicates that the stock is currently neutral.
Can you provide the short term momentum for MYRIAD GENETICS INC?
The short term momentum for MYRIAD GENETICS INC (MYGN) is negative.