7.6 USD
-0.31 (-3.92%)
7.6 USD
0 (0%)
We assign a technical rating of 4 out of 10 to MYGN. 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 one of the lesser performing stocks in the Biotechnology industry. 60% of 533 stocks in the same industry do better.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month MYGN has a been trading in the 6.10 - 8.38 range, which is quite wide. It is currently trading near the high of this range.
MYGN has an average volume of 1234890 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
MYGN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so MYGN is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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.
More info and screens
3.80
8.27
When analyzing the support we can see 4 important areas.
- A support zone ranging from 7.48 to 7.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @6.81 from a trend line in the weekly time frame.
- Support @6.48 from a trend line in the daily time frame.
- 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 one important area.
- 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 | UP | POSITIVE | The short term trend for MYGN is up. |
| ChartMill Relative Strength | 18.26 | NEGATIVE | MYGN has a low relative strength, it was outperformed by 81.74% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of MYGN is above a declining 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 | MIXED | The current price of MYGN is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.15 | NEUTRAL | The RSI value for MYGN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests MYGN has a positive trend. |
| Stochastics (14,3) | 87.83 | OVERBOUGHT | The high Stochastics value suggests MYGN may be overbought. |
| Average True Range in percent/ATR (20) | 6.52 | HIGH VOLATILITY | The high ATR as a percentage value for MYGN suggests high volalility. |
| Average Directional Index/ADX (14) | 22.1 | 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)
7.6
-0.31 (-3.92%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-3.92%
1 Week18.01%
2 Weeks16.21%
1 Month-3.92%
3 Month19.31%
6 Month81.38%
12 Month-53.29%
2 Year-60.19%
3 Year-62.49%
5 Year-56.67%
10 Year-82.53%
15 Year-64.7%
Volatility
ATR(14)0.42
ATR(20)%6.52%
ATR Inc-16.72%
Range Today0.32
ADR(20)0.46
ADR(20)%6%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS18.26
3 months CRS88.82
6 months CRS94.08
Mansfield-1.88
10 Day High8.09
10 Day Low6.25
20 Day High8.38
20 Day Low6.1
52 Week High16.83
52 Week Low3.76
CS1 End7.59
CR1 Start8.06
Volume & EV
DER(3)-0.86%
DER(5)-1.86%
Volume2.52M
Volume Incr29.4%
Vol(5)1.55M
Vol(50)1.23M
MYRIAD GENETICS INC / MYGN FAQ
What is the ChartMill technical rating of MYRIAD GENETICS INC (MYGN) stock?
ChartMill assigns a technical rating of 4 / 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 56.1494. 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 positive.