MYRIAD GENETICS INC (MYGN) Stock Technical Analysis
NASDAQ:MYGN - Nasdaq - US62855J1043 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to MYGN. 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.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
99% of all other stocks performed better in the past year than MYGN.
MYGN is one of the lesser performing stocks in the Biotechnology industry. 85% of 560 stocks in the same industry do better.
MYGN is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
MYGN has an average volume of 2418570 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 4.76 - 5.83 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
MYGN has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
4.80
5.79
When analyzing the support we notice one important area.
- A support zone ranging from 4.85 to 4.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- Resistance @5.61 from a horizontal line in the weekly time frame.
- Resistance @5.73 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 | NEUTRAL | NEUTRAL | The short term trend for MYGN is neutral. |
| ChartMill Relative Strength | 1.98 | NEGATIVE | MYGN has a low relative strength, it was outperformed by 98.02% 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) | DOWN | MIXED | The current price of MYGN is above 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) | 50.85 | NEUTRAL | The RSI value for MYGN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests MYGN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 73.77 | NEUTRAL | The Stochastics value for MYGN is a neutral value. |
| Average True Range in percent/ATR (20) | 5.3 | HIGH VOLATILITY | The high ATR as a percentage value for MYGN suggests high volalility. |
| Average Directional Index/ADX (14) | 22.97 | NEUTRAL | The ADX value for MYGN suggests a possible start of a new 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)
5.34
-0.16 (-2.91%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-2.91%
1 Week-4.64%
2 Weeks0.19%
1 Month3.09%
3 Month-33.25%
6 Month-63.99%
12 Month-79.79%
2 Year-76.11%
3 Year-79.76%
5 Year-55.76%
10 Year-84.35%
15 Year-63.2%
Volatility
ATR(14)0.29
ATR(20)%5.3%
ATR Inc19.03%
Range Today0.26
ADR(20)0.28
ADR(20)%5.23%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS1.98
Mansfield-6.73
10 Day High5.83
10 Day Low5.17
20 Day High5.83
20 Day Low4.76
52 Week High29.3
52 Week Low3.81
CS1 End4.91
CR1 Start5.61
Volume & EV
DER(3)1.29%
DER(5)0.99%
Volume888.10K
Volume Incr-28.44%
Vol(5)1.12M
Vol(50)2.42M