MYRIAD GENETICS INC (MYGN) Stock Technical Analysis
NASDAQ:MYGN - US62855J1043 - Common Stock
5.89 USD
-0.13 (-2.16%)
5.8 USD
-0.09 (-1.53%)
We assign a technical rating of 4 out of 10 to MYGN. In the past year, MYGN was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, MYGN is a bad performer in the overall market: 90% of all stocks are doing better.
MYGN is part of the Biotechnology industry. There are 547 other stocks in this industry, of which 62% are performing better than MYGN.
MYGN is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month MYGN has a been trading in the 3.76 - 6.52 range, which is quite wide. It is currently trading near the high of this range.
MYGN has an average volume of 1797170 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
Considerably lower volume is observed in the last couple of days.
MYGN has an average technical rating and also the quality of the setup is only medium 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
6.39
We found 2 important support areas.
- Support @5.50 from a horizontal 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 2 important areas.
- Resistance @6.09 from a trend line in the daily time frame.
- A resistance zone ranging from 6.33 to 6.33. 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 | DOWN | NEGATIVE | The long term trend for MYGN is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for MYGN is up. |
| ChartMill Relative Strength | 10.56 | NEGATIVE | MYGN has a low relative strength, it was outperformed by 89.44% 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) | 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) | 59.43 | NEUTRAL | The RSI value for MYGN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests MYGN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 71.42 | NEUTRAL | The Stochastics value for MYGN is a neutral value. |
| Average True Range in percent/ATR (20) | 6.67 | HIGH VOLATILITY | The high ATR as a percentage value for MYGN suggests high volalility. |
| Average Directional Index/ADX (14) | 29.55 | POSITIVE | The high ADX value value for MYGN suggests a strong 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)
5.89
-0.13 (-2.16%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-2.16%
1 Week3.15%
2 Weeks-4.85%
1 Month34.47%
3 Month40.57%
6 Month-45.11%
12 Month-79.21%
2 Year-67%
3 Year-73.63%
5 Year-55.95%
10 Year-84.32%
15 Year-62.32%
Volatility
ATR(14)0.47
ATR(20)%6.67%
ATR Inc-48.38%
Range Today0.14
ADR(20)0.33
ADR(20)%5.68%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.56
Mansfield-5.54
10 Day High6.38
10 Day Low5.23
20 Day High6.52
20 Day Low3.76
52 Week High29.3
52 Week Low3.76
CS1 End5.5
CR1 Start6.09
Volume & EV
DER(3)1.46%
DER(5)1.11%
Volume935.20K
Volume Incr-53.5%
Vol(5)1.14M
Vol(50)1.80M