Overall TARS gets a technical rating of 4 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- In the last month TARS has a been trading in the 70.99 - 84.07 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 currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so TARS is lagging the market slightly.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
- Looking at the yearly performance, TARS did better than 85% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- TARS is an average performer in the Pharmaceuticals industry, it outperforms 67% of 191 stocks in the same industry.
TARS has an average technical rating and it also 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
48.25
We found 1 important support area.
- Support @48.74 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 74.70 to 76.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 81.78 to 82.11. 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 TARS is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TARS is down. |
| ChartMill Relative Strength | 85.07 | POSITIVE | TARS has a high relative strength, it outperformed 85.07% 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 | POSITIVE | The current price of TARS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 25.86 | OVERSOLD | The low RSI value suggests TARS may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.1 | NEGATIVE | The MACD value suggests TARS has a negative trend. |
| Stochastics (14,3) | 6.99 | OVERSOLD | The low Stochastics value suggests TARS may be oversold. |
| Average True Range in percent/ATR (20) | 4.24 | MEDIUM VOLATILITY | The ATR as a percentage value for TARS suggests some volalility. |
| Average Directional Index/ADX (14) | 25.89 | POSITIVE | The high ADX value value for TARS suggests a strong trend. |
71.14
-2.51 (-3.41%)
TARSUS PHARMACEUTICALS INC / TARS FAQ
Can you provide the ChartMill technical rating for TARSUS PHARMACEUTICALS INC?
ChartMill assigns a technical rating of 4 / 10 to TARS.
What is the trend direction for TARS stock?
The current trend direction for TARSUS PHARMACEUTICALS INC (TARS) is Bullish.
Can you provide the RSI signal for TARSUS PHARMACEUTICALS INC?
TARSUS PHARMACEUTICALS INC (TARS) has an RSI value of 25.8562. This indicates that the stock is currently oversold.
What is the buy/sell signal for TARSUS PHARMACEUTICALS INC (TARS) stock?
The buy/sell signal for TARSUS PHARMACEUTICALS INC (TARS) is hold as the short term and long term trends are mixed.
Can you provide the support and resistance levels for TARSUS PHARMACEUTICALS INC?
TARSUS PHARMACEUTICALS INC (TARS) has a support level at 48.74 and a resistance level at 74.7. Check the full technical report for our detailed analysis of TARS support and resistance levels.