PROTARA THERAPEUTIC INC (TARA) Stock Technical Analysis
USA - NASDAQ:TARA - US74365U1079 - Common Stock
Overall TARA gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, TARA is showing a nice and steady performance.
Although TARA has an excellent technical rating, it does not present a decent entry opportunity 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.
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3.03
5 important support areas can be observed.
- A support zone ranging from 4.46 to 4.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @4.22 from a horizontal line in the daily time frame.
- Support @3.43 from a trend line in the weekly time frame.
- Support @3.22 from a trend line in the daily time frame.
- Support @3.06 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 5.43 to 5.50. This zone is formed by a combination of multiple trend lines in the weekly 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 | UP | POSITIVE | The long term trend for TARA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TARA is up. |
| ChartMill Relative Strength | 96.53 | POSITIVE | TARA has a high relative strength, it outperformed 96.53% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of TARA is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TARA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TARA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.45 | NEUTRAL | The RSI value for TARA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests TARA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 91.6 | OVERBOUGHT | The high Stochastics value suggests TARA may be overbought. |
| Average True Range in percent/ATR (20) | 6.39 | HIGH VOLATILITY | The high ATR as a percentage value for TARA suggests high volalility. |
| Average Directional Index/ADX (14) | 33.09 | POSITIVE | The high ADX value value for TARA suggests a strong trend. |
5.27
-0.03 (-0.57%)
PROTARA THERAPEUTIC INC / TARA FAQ
What is the technical rating for TARA stock?
ChartMill assigns a technical rating of 10 / 10 to TARA.
Can you provide the trend direction for PROTARA THERAPEUTIC INC?
The current trend direction for PROTARA THERAPEUTIC INC (TARA) is Bullish.
What is the RSI signal for TARA stock?
PROTARA THERAPEUTIC INC (TARA) has an RSI value of 58.4511. This indicates that the stock is currently neutral.
What is the MACD signal for PROTARA THERAPEUTIC INC (TARA) stock?
The MACD indicator for PROTARA THERAPEUTIC INC (TARA) has a value of -0.0131612, indicating a bearish trend.
Can you provide the short term momentum for PROTARA THERAPEUTIC INC?
The short term momentum for PROTARA THERAPEUTIC INC (TARA) is positive.