PROTARA THERAPEUTIC INC (TARA) Stock Technical Analysis
USA - NASDAQ:TARA - US74365U1079 - Common Stock
3.14 USD
-0.06 (-1.88%)
3.14 USD
0 (0%)
Taking everything into account, TARA scores 3 out of 10 in our technical rating. Although TARA is scoring some points because its good overall performance in the market in the past year, 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.
TARA 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.
TARA is one of the better performing stocks in the Biotechnology industry, it outperforms 79% of 542 stocks in the same industry.
In the last month TARA has a been trading in the 2.97 - 3.32 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.
When comparing the yearly performance of all stocks, we notice that TARA is one of the better performing stocks in the market, outperforming 86% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, TARA does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
2.20
3.46
When analyzing the support we can see 4 important areas.
- A support zone ranging from 3.13 to 3.13. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @3.06 from a horizontal line in the daily time frame.
- Support @2.87 from a horizontal line in the weekly time frame.
- Support @2.22 from a trend line in the weekly time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 3.15 to 3.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @3.26 from a horizontal line in the daily time frame.
- A resistance zone ranging from 3.34 to 3.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @3.43 from a horizontal line in the daily 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 | DOWN | NEGATIVE | The long term trend for TARA is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TARA is neutral. |
| ChartMill Relative Strength | 86.34 | POSITIVE | TARA has a high relative strength, it outperformed 86.34% 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 | MIXED | The current price of TARA is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of TARA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.71 | NEUTRAL | The RSI value for TARA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests TARA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 42.41 | NEUTRAL | The Stochastics value for TARA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.69 | MEDIUM VOLATILITY | The ATR as a percentage value for TARA suggests some volalility. |
| Average Directional Index/ADX (14) | 14.05 | NEGATIVE | The low ADX value for TARA suggests a weak or negative 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)
3.14
-0.06 (-1.88%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-1.88%
1 Week-0.32%
2 Weeks0%
1 Month-1.57%
3 Month0%
6 Month-27.15%
12 Month67.02%
2 Year88.02%
3 Year6.08%
5 Year-81.34%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.13
ATR(20)%4.69%
ATR Inc-13.48%
Range Today0.12
ADR(20)0.14
ADR(20)%4.61%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.34
Mansfield-2.07
10 Day High3.3
10 Day Low3.06
20 Day High3.32
20 Day Low2.97
52 Week High10.48
52 Week Low1.6
CS1 End3.13
CR1 Start3.15
Volume & EV
DER(3)2.22%
DER(5)-3.4%
Volume157.70K
Volume Incr-40.97%
Vol(5)100.15K
Vol(50)182.08K