We assign a technical rating of 6 out of 10 to TARS. In the last year, TARS was one of the better performers, but we do observe some doubts in the very recent evolution.
Although the technical rating is only medium, TARS does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 75.52, a Stop Loss order could be placed below this zone.
More info and screens
48.25
When analyzing the support we can see 2 important areas.
- A support zone ranging from 75.33 to 75.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @48.74 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 81.78 to 82.51. 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 | 88.86 | POSITIVE | TARS has a high relative strength, it outperformed 88.86% 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 | MIXED | The current price of TARS is below 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) | 35.91 | NEUTRAL | The RSI value for TARS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.87 | NEGATIVE | The MACD value suggests TARS has a negative trend. |
| Stochastics (14,3) | 12.3 | OVERSOLD | The low Stochastics value suggests TARS may be oversold. |
| Average True Range in percent/ATR (20) | 4.04 | MEDIUM VOLATILITY | The ATR as a percentage value for TARS suggests some volalility. |
| Average Directional Index/ADX (14) | 18.78 | NEGATIVE | The low ADX value for TARS suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 79.54 | 75.32 | 4.22 (5.30%) | 18.86% |
| An entry @79.54. This is a Buy Stop order right above the 10 day moving average. | An exit @75.32. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 4.22 points, which is 5.30%. | For a 1.00% total portfolio risk, you can invest 18.86% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of TARS. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
75.53
-1.34 (-1.74%)
TARSUS PHARMACEUTICALS INC / TARS FAQ
Can you provide the ChartMill technical rating for TARSUS PHARMACEUTICALS INC?
ChartMill assigns a technical rating of 6 / 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 35.9061. 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 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 75.52 and a resistance level at 81.78. Check the full technical report for our detailed analysis of TARS support and resistance levels.