MYRIAD GENETICS INC (MYGN) Technical Analysis
NASDAQ:MYGN • US62855J1043
Current stock price
MYGN Technical Rating and Analysis
Overall MYGN gets a technical rating of 2 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. MYGN was also a bad performer in the overall market in the last year.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- 89% of all other stocks performed better in the past year than MYGN.
- MYGN is one of the lesser performing stocks in the Biotechnology industry. 70% of 515 stocks in the same industry do 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.
- In the last month MYGN has a been trading in the 4.31 - 5.36 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- MYGN has an average volume of 1893680 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Considerably lower volume is observed in the last couple of days.
MYGN Weekly and Daily overview Charts
MYGN Setup Rating and Analysis
Although the technical rating is bad, MYGN does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 4.34, a Stop Loss order could be placed below this zone.
More info and screens
MYGN Support and Resistance Analysis
4.23
When analyzing the support we notice one important area.
- A support zone ranging from 4.27 to 4.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 4.82 to 4.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @5.09 from a horizontal line in the weekly time frame.
- Resistance @5.20 from a horizontal line in the daily time frame.
- Resistance @5.29 from a horizontal line in the daily time frame.
MYGN 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 | 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 | 11.37 | NEGATIVE | MYGN has a low relative strength, it was outperformed by 88.63% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of MYGN is below 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) | 49.59 | NEUTRAL | The RSI value for MYGN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests MYGN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 35.96 | NEUTRAL | The Stochastics value for MYGN is a neutral value. |
| Average True Range in percent/ATR (20) | 6.05 | HIGH VOLATILITY | The high ATR as a percentage value for MYGN suggests high volalility. |
| Average Directional Index/ADX (14) | 12.12 | NEGATIVE | The low ADX value for MYGN suggests a weak or negative trend. |
MYGN Chart- and CandleStick Pattern Analysis
MYGN Technicals: Chart, Performance Metrics, Trend & Indicators
4.8
+0.05 (+1.05%)
MYRIAD GENETICS INC / MYGN TA FAQ
What is the ChartMill technical rating of MYRIAD GENETICS INC (MYGN) stock?
ChartMill assigns a technical rating of 2 / 10 to MYGN.
What is the trend direction for MYGN stock?
The current trend direction for MYRIAD GENETICS INC (MYGN) is Bearish.
What is the RSI signal for MYGN stock?
MYRIAD GENETICS INC (MYGN) has an RSI value of 49.593. This indicates that the stock is currently neutral.
Can you provide the MACD signal for MYRIAD GENETICS INC?
The MACD indicator for MYRIAD GENETICS INC (MYGN) has a value of -0.0140857, indicating a bearish trend.
What is the short term momentum for MYGN stock?
The short term momentum for MYRIAD GENETICS INC (MYGN) is neutral.