MYRIAD GENETICS INC (MYGN) Technical Analysis
NASDAQ:MYGN • US62855J1043
Current stock price
MYGN Technical Rating and Analysis
Overall MYGN gets a technical rating of 1 out of 10. 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 93% of all other stocks performed better in the past year than MYGN.
- MYGN is part of the Biotechnology industry. There are 518 other stocks in this industry, of which 77% are performing better than MYGN.
- MYGN is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MYGN is lagging the market.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- MYGN has an average volume of 1406360 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month MYGN has a been trading in the 4.10 - 5.71 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
MYGN Weekly and Daily overview Charts
MYGN Setup Rating and Analysis
Although the technical rating is bad, MYGN does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 4.34, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for MYGN in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
MYGN Support and Resistance Analysis
4.24
When analyzing the support we notice one important area.
- A support zone ranging from 4.28 to 4.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 4.89 to 4.94. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @5.16 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 5.30 to 5.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
MYGN 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 | DOWN | NEGATIVE | The long term trend for MYGN is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for MYGN is down. |
| ChartMill Relative Strength | 7.52 | NEGATIVE | MYGN has a low relative strength, it was outperformed by 92.48% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MYGN is below the rising 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) | UP | MIXED | The current price of MYGN is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.17 | NEUTRAL | The RSI value for MYGN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests MYGN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 22.29 | NEUTRAL | The Stochastics value for MYGN is a neutral value. |
| Average True Range in percent/ATR (20) | 8.39 | HIGH VOLATILITY | The high ATR as a percentage value for MYGN suggests high volalility. |
| Average Directional Index/ADX (14) | 18.78 | NEGATIVE | The low ADX value for MYGN suggests a weak or negative trend. |
MYGN Chart- and CandleStick Pattern Analysis
MYGN Technicals: Chart, Performance Metrics, Trend & Indicators
4.78
+0.19 (+4.14%)
MYRIAD GENETICS INC / MYGN TA FAQ
What is the ChartMill technical rating of MYRIAD GENETICS INC (MYGN) stock?
ChartMill assigns a technical rating of 1 / 10 to MYGN.
What is the current trend direction of MYRIAD GENETICS INC (MYGN) stock?
The current trend direction for MYRIAD GENETICS INC (MYGN) is Bearish.
What is the RSI signal for MYRIAD GENETICS INC (MYGN) stock?
MYRIAD GENETICS INC (MYGN) has an RSI value of 45.1747. This indicates that the stock is currently neutral.
What is the short term momentum for MYGN stock?
The short term momentum for MYRIAD GENETICS INC (MYGN) is negative.
Can you provide the buy/sell signal for MYRIAD GENETICS INC?
The buy/sell signal for MYRIAD GENETICS INC (MYGN) is sell as both the short term and long term trends are negative.