MYGN Technical Analysis - MYRIAD GENETICS INC

Technical Rating and Analysis

Taking everything into account, MYGN scores 6 out of 10 in our technical rating. In the last year, MYGN was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.

When comparing the yearly performance of all stocks, MYGN is a bad performer in the overall market: 82% of all stocks are doing 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.

The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.

In the last month MYGN has a been trading in the 5.78 - 7.83 range, which is quite wide. It is currently trading near the high of this range.

MYGN has an average volume of 1865200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

MYGN is an average performer in the Biotechnology industry, it outperforms 50% of 540 stocks in the same industry.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

MYRIAD GENETICS INC / MYGN Weekly stock chart

MYRIAD GENETICS INC / MYGN Daily stock chart

Setup Rating and Analysis

MYGN has an average technical rating and it also does not offer a high 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

3.80

7.86

We found 2 important support areas.

A support zone ranging from 7.70 to 7.76. 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.

We found 1 important resistance area.

A resistance zone ranging from 7.78 to 7.78. This zone is formed by a combination of multiple trend lines in multiple time frames.

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Support and Resistance indicators

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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	NEUTRAL	NEUTRAL	The long term trend for MYGN is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for MYGN is up.
ChartMill Relative Strength	18.81	NEGATIVE	MYGN has a low relative strength, it was outperformed by 81.19% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of MYGN is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of MYGN is above the rising 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)	70.05	OVERBOUGHT	The high RSI value suggests MYGN may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.05	POSITIVE	The MACD value suggests MYGN has a positive trend.
Stochastics (14,3)	88.93	OVERBOUGHT	The high Stochastics value suggests MYGN may be overbought.
Average True Range in percent/ATR (20)	4.92	MEDIUM VOLATILITY	The ATR as a percentage value for MYGN suggests some volalility.
Average Directional Index/ADX (14)	47.96	POSITIVE	The high ADX value value for MYGN suggests a strong trend.