TARSUS PHARMACEUTICALS INC (TARS) Stock Technical Analysis
USA - NASDAQ:TARS - US87650L1035 - Common Stock
54.025 USD
+2.34 (+4.52%)
54.025 USD
0 (0%)
Overall TARS gets a technical rating of 8 out of 10. In the last year, TARS was one of the better performers, but we do observe some doubts in the very recent evolution.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
When comparing the yearly performance of all stocks, we notice that TARS is one of the better performing stocks in the market, outperforming 89% of all stocks.
TARS is one of the better performing stocks in the Pharmaceuticals industry, it outperforms 76% of 196 stocks in the same industry.
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.
In the last month TARS has a been trading in the 48.20 - 59.76 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although TARS 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
39.03
59.44
4 important support areas can be observed.
- A support zone ranging from 50.23 to 50.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 49.16 to 49.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @42.72 from a trend line in the weekly time frame.
- Support @39.42 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 58.59 to 58.85. 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 | NEUTRAL | NEUTRAL | The short term trend for TARS is neutral. |
| ChartMill Relative Strength | 89.43 | POSITIVE | TARS has a high relative strength, it outperformed 89.43% 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) | UP | POSITIVE | The current price of TARS is above the rising 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) | 53.94 | NEUTRAL | The RSI value for TARS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1 | NEGATIVE | The MACD value suggests TARS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 33.78 | NEUTRAL | The Stochastics value for TARS is a neutral value. |
| Average True Range in percent/ATR (20) | 3.85 | MEDIUM VOLATILITY | The ATR as a percentage value for TARS suggests some volalility. |
| Average Directional Index/ADX (14) | 34.6 | 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)
54.025
+2.34 (+4.52%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg4.52%
1 Week4.15%
2 Weeks-5.93%
1 Month-2.5%
3 Month32.9%
6 Month8.11%
12 Month56.55%
2 Year204.02%
3 Year215.57%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.19
ATR(20)%3.85%
ATR Inc12.96%
Range Today2.79
ADR(20)2.04
ADR(20)%3.78%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.43
Mansfield0.31
10 Day High58.08
10 Day Low48.2
20 Day High59.76
20 Day Low48.2
52 Week High59.76
52 Week Low31.36
CS1 End50.77
CR1 Start58.59
Volume & EV
DER(3)-2.62%
DER(5)-2.36%
Volume594.20K
Volume Incr43.37%
Vol(5)886.08K
Vol(50)669.67K