TARSUS PHARMACEUTICALS INC (TARS) Stock Technical Analysis
NASDAQ:TARS • US87650L1035
Overall TARS gets a technical rating of 1 out of 10. 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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the performance of all stocks over the past year, TARS turns out to be only a medium performer in the overall market: it outperformed 61% of all stocks.
- TARS is an average performer in the Pharmaceuticals industry, it outperforms 57% of 191 stocks in the same industry.
- TARS is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TARS is lagging the market.
- In the last month TARS has a been trading in the 60.54 - 73.82 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
TARS has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 61.26, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for TARS in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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We found 3 important support areas.
- A support zone ranging from 65.26 to 65.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 60.78 to 61.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @50.51 from a trend line in the weekly time frame.
We found 1 important resistance area.
- Resistance @82.11 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 | 61.79 | NEUTRAL | TARS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of TARS is above 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) | 45 | NEUTRAL | The RSI value for TARS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.37 | POSITIVE | The MACD value suggests TARS has a positive trend. |
| Stochastics (14,3) | 45.38 | NEUTRAL | The Stochastics value for TARS is a neutral value. |
| Average True Range in percent/ATR (20) | 5.11 | HIGH VOLATILITY | The high ATR as a percentage value for TARS suggests high volalility. |
| Average Directional Index/ADX (14) | 43.7 | POSITIVE | The high ADX value value for TARS suggests a strong trend. |
66.61
+1.07 (+1.63%)
TARSUS PHARMACEUTICALS INC / TARS FAQ
Can you provide the ChartMill technical rating for TARSUS PHARMACEUTICALS INC?
ChartMill assigns a technical rating of 1 / 10 to TARS.
What is the trend direction for TARS stock?
The current trend direction for TARSUS PHARMACEUTICALS INC (TARS) is Bearish.
Can you provide the RSI signal for TARSUS PHARMACEUTICALS INC?
TARSUS PHARMACEUTICALS INC (TARS) has an RSI value of 45. This indicates that the stock is currently neutral.
What is the buy/sell signal for TARSUS PHARMACEUTICALS INC (TARS) stock?
The buy/sell signal for TARSUS PHARMACEUTICALS INC (TARS) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for TARSUS PHARMACEUTICALS INC?
TARSUS PHARMACEUTICALS INC (TARS) has a support level at 61.26 and a resistance level at 82.11. Check the full technical report for our detailed analysis of TARS support and resistance levels.