We assign a technical rating of 3 out of 10 to MYGN. MYGN performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
MYGN has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 7.24, 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
3.80
4 important support areas can be observed.
- A support zone ranging from 7.11 to 7.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @6.62 from a trend line in the daily time frame.
- 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 2 important areas.
- Resistance @7.72 from a trend line in the daily time frame.
- A resistance zone ranging from 8.06 to 8.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The short term trend for MYGN is neutral. |
| ChartMill Relative Strength | 12.21 | NEGATIVE | MYGN has a low relative strength, it was outperformed by 87.79% 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 | 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) | 51.51 | 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. |
| Stochastics (14,3) | 45.94 | NEUTRAL | The Stochastics value for MYGN is a neutral value. |
| Average True Range in percent/ATR (20) | 5.27 | HIGH VOLATILITY | The high ATR as a percentage value for MYGN suggests high volalility. |
| Average Directional Index/ADX (14) | 12.65 | NEGATIVE | The low ADX value for MYGN suggests a weak or negative trend. |
7.21
-0.09 (-1.23%)
MYRIAD GENETICS INC / MYGN FAQ
What is the ChartMill technical rating of MYRIAD GENETICS INC (MYGN) stock?
ChartMill assigns a technical rating of 3 / 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 51.5101. 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 neutral.