MYRIAD GENETICS INC (MYGN) Technical Analysis
NASDAQ:MYGN • US62855J1043
Current stock price
MYGN Technical Rating and Analysis
Taking everything into account, MYGN scores 0 out of 10 in our technical rating. 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.
- 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.
- 91% of all other stocks performed better in the past year than MYGN.
- MYGN is part of the Biotechnology industry. There are 517 other stocks in this industry, of which 75% are performing better than MYGN.
- MYGN is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so MYGN is lagging the market.
- MYGN has an average volume of 1850280 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 4.20 - 5.47 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
MYGN Weekly and Daily overview Charts
MYGN Setup Rating and Analysis
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 a support zone below the current price at 4.29, 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
MYGN Support and Resistance Analysis
4.23
We found 1 important support area.
- A support zone ranging from 4.27 to 4.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 5.09 to 5.16. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- Resistance @5.30 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 | 9.46 | NEGATIVE | MYGN has a low relative strength, it was outperformed by 90.54% 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) | 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) | 50.21 | 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) | 47.92 | NEUTRAL | The Stochastics value for MYGN is a neutral value. |
| Average True Range in percent/ATR (20) | 6.94 | HIGH VOLATILITY | The high ATR as a percentage value for MYGN suggests high volalility. |
| Average Directional Index/ADX (14) | 13.2 | 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
4.75
+0.16 (+3.49%)
MYRIAD GENETICS INC / MYGN TA FAQ
What is the ChartMill technical rating of MYRIAD GENETICS INC (MYGN) stock?
ChartMill assigns a technical rating of 0 / 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 50.2122. 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 0.0171632, indicating a bearish trend.
What is the short term momentum for MYGN stock?
The short term momentum for MYRIAD GENETICS INC (MYGN) is neutral.