PROTARA THERAPEUTIC INC (TARA) Stock Technical Analysis
USA - NASDAQ:TARA - US74365U1079 - Common Stock
4.87 USD
-0.09 (-1.81%)
5 USD
+0.13 (+2.67%)
Taking everything into account, TARA scores 9 out of 10 in our technical rating. 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.
Both the short term and long term trends are positive. This is a very positive sign.
TARA is part of the Biotechnology industry. There are 536 other stocks in this industry. TARA outperforms 93% of them.
In the last month TARA has a been trading in the 3.02 - 5.03 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
When comparing the yearly performance of all stocks, we notice that TARA is one of the better performing stocks in the market, outperforming 96% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
TARA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TARA 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.
Although TARA has an excellent technical rating, it 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
3.03
5.02
When analyzing the support we can see 3 important areas.
- Support @4.21 from a horizontal line in the daily time frame.
- Support @3.28 from a trend line in the weekly time frame.
- A support zone ranging from 3.06 to 3.09. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 4.97 to 4.97. 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 | 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 | 96.94 | POSITIVE | TARA has a high relative strength, it outperformed 96.94% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TARA is above the rising 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) | DOWN | MIXED | The current price of TARA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 75.15 | OVERBOUGHT | The high RSI value suggests TARA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests TARA has a positive trend. |
| Stochastics (14,3) | 88.35 | OVERBOUGHT | The high Stochastics value suggests TARA may be overbought. |
| Average True Range in percent/ATR (20) | 6.18 | HIGH VOLATILITY | The high ATR as a percentage value for TARA suggests high volalility. |
| Average Directional Index/ADX (14) | 42.35 | POSITIVE | The high ADX value value for TARA 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)
4.87
-0.09 (-1.81%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-1.81%
1 Week10.43%
2 Weeks32.7%
1 Month55.59%
3 Month59.67%
6 Month24.55%
12 Month189.88%
2 Year291.1%
3 Year58.63%
5 Year-72.85%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.38
ATR(20)%6.18%
ATR Inc53%
Range Today0.19
ADR(20)0.27
ADR(20)%5.59%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.94
Mansfield1.56
10 Day High5.03
10 Day Low3.53
20 Day High5.03
20 Day Low3.02
52 Week High10.48
52 Week Low1.68
CS1 End4.21
CR1 Start4.97
Volume & EV
DER(3)-1.88%
DER(5)-2.77%
Volume664.90K
Volume Incr13.89%
Vol(5)663.98K
Vol(50)393.54K