MYRIAD GENETICS INC (MYGN) Stock Technical Analysis
NASDAQ:MYGN - Nasdaq - US62855J1043 - Common Stock - Currency: USD
Overall MYGN gets a technical rating of 0 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.
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. 86% of 553 stocks in the same industry do better.
MYGN is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52 week range, so MYGN is lagging the market.
In the last month MYGN has a been trading in the 3.76 - 5.83 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
MYGN has an average volume of 1679290 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of MYGN is bad and it also does not present a 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.
More info and screens
3.79
5.01
When analyzing the support we notice one important area.
- A support zone ranging from 3.83 to 3.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- Resistance @4.01 from a trend line in the daily time frame.
- Resistance @4.96 from a trend 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 | 1.25 | NEGATIVE | MYGN has a low relative strength, it was outperformed by 98.75% 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 | NEGATIVE | The current price of MYGN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 30.47 | NEUTRAL | The RSI value for MYGN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests MYGN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 3.54 | OVERSOLD | The low Stochastics value suggests MYGN may be oversold. |
| Average True Range in percent/ATR (20) | 6.73 | HIGH VOLATILITY | The high ATR as a percentage value for MYGN suggests high volalility. |
| Average Directional Index/ADX (14) | 24.3 | 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)
3.91
+0.07 (+1.82%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg1.82%
1 Week-12.13%
2 Weeks-12.53%
1 Month-30.18%
3 Month-48.28%
6 Month-69.14%
12 Month-85.33%
2 Year-78.1%
3 Year-82.5%
5 Year-70.76%
10 Year-89.59%
15 Year-74.98%
Volatility
ATR(14)0.25
ATR(20)%6.73%
ATR Inc-19.08%
Range Today0.17
ADR(20)0.26
ADR(20)%6.71%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS1.25
Mansfield-7.35
10 Day High4.83
10 Day Low3.76
20 Day High5.83
20 Day Low3.76
52 Week High29.3
52 Week Low3.76
CS1 End3.88
CR1 Start4.01
Volume & EV
DER(3)-3.41%
DER(5)-7.17%
Volume1.40M
Volume Incr29.82%
Vol(5)1.62M
Vol(50)1.68M