Taking everything into account, MYGN scores 0 out of 10 in our technical rating. MYGN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
MYGN has a poor technical rating and the quality of the setup is also not perfect 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
6.07
We found 2 important support areas.
- Support @6.25 from a trend line in the daily time frame.
- A support zone ranging from 6.13 to 6.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 6.59 to 6.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 | 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 | 8.95 | NEGATIVE | MYGN has a low relative strength, it was outperformed by 91.05% 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 | MIXED | The current price of MYGN is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.14 | NEUTRAL | The RSI value for MYGN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests MYGN has a positive trend. |
| Stochastics (14,3) | 50.99 | NEUTRAL | The Stochastics value for MYGN is a neutral value. |
| Average True Range in percent/ATR (20) | 4.12 | MEDIUM VOLATILITY | The ATR as a percentage value for MYGN suggests some volalility. |
| Average Directional Index/ADX (14) | 16.38 | NEGATIVE | The low ADX value for MYGN suggests a weak or negative trend. |
6.58
+0.02 (+0.3%)
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.
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 47.1418. 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.