TARSUS PHARMACEUTICALS INC (TARS) Stock Technical Analysis
NASDAQ:TARS - Nasdaq - US87650L1035 - Common Stock - Currency: USD
Taking everything into account, TARS scores 1 out of 10 in our technical rating. TARS has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
In the last month TARS has a been trading in the 39.76 - 45.48 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
TARS is one of the better performing stocks in the Pharmaceuticals industry, it outperforms 72% of 195 stocks in the same industry.
Looking at the yearly performance, TARS did better than 70% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
TARS is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so TARS is lagging the market slightly.
TARS has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 40.88, a Stop Loss order could be placed below this zone.
More info and screens
31.00
52.88
2 important support areas can be observed.
- A support zone ranging from 40.88 to 40.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @31.31 from a trend line in the weekly time frame.
6 important resistance areas can be observed.
- Resistance @41.29 from a horizontal line in the daily time frame.
- A resistance zone ranging from 42.20 to 42.93. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 43.93 to 44.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @48.14 from a trend line in the weekly time frame.
- Resistance @49.22 from a trend line in the daily time frame.
- Resistance @52.36 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 TARS is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TARS is down. |
| ChartMill Relative Strength | 70.33 | POSITIVE | TARS has a high relative strength, it outperformed 70.33% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TARS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TARS is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of TARS is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 36.72 | NEUTRAL | The RSI value for TARS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests TARS has a negative trend. |
| Stochastics (14,3) | 18.31 | OVERSOLD | The low Stochastics value suggests TARS may be oversold. |
| Average True Range in percent/ATR (20) | 4.38 | MEDIUM VOLATILITY | The ATR as a percentage value for TARS suggests some volalility. |
| Average Directional Index/ADX (14) | 32.51 | POSITIVE | The high ADX value value for TARS 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)
40.89
-0.06 (-0.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-0.15%
1 Week-6.9%
2 Weeks-4.8%
1 Month-6%
3 Month-14.97%
6 Month-22.11%
12 Month31.99%
2 Year126.29%
3 Year180.07%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.99
ATR(20)%4.38%
ATR Inc-13.72%
Range Today1.56
ADR(20)1.79
ADR(20)%4.38%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS70.33
Mansfield-0.55
10 Day High45.35
10 Day Low39.76
20 Day High45.48
20 Day Low39.76
52 Week High57.28
52 Week Low20.08
CS1 End40.88
CR1 Start41.29
Volume & EV
DER(3)0.74%
DER(5)0.83%
Volume716.40K
Volume Incr-8.22%
Vol(5)589.60K
Vol(50)666.42K