TARSUS PHARMACEUTICALS INC (TARS) Technical Analysis
NASDAQ:TARS • US87650L1035
Current stock price
TARS Technical Rating and Analysis
We assign a technical rating of 1 out of 10 to TARS. 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.
- In the last month TARS has a been trading in the 61.51 - 78.20 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.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- When compared to the yearly performance of all other stocks, TARS outperforms 44% of them, which is more or less in line with the market.
- TARS is an average performer in the Pharmaceuticals industry, it outperforms 58% of 193 stocks in the same industry.
- 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 Weekly and Daily overview Charts
TARS Setup Rating and Analysis
The technical rating of TARS is bad and it also does not present a 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
TARS Support and Resistance Analysis
51.76
We found 2 important support areas.
- A support zone ranging from 60.77 to 60.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @52.28 from a trend line in the weekly time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 63.16 to 63.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 68.57 to 69.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @72.74 from a trend line in the weekly time frame.
- Resistance @75.58 from a trend line in the daily time frame.
TARS Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The long term trend for TARS is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TARS is down. |
| ChartMill Relative Strength | 44.18 | NEUTRAL | TARS is not amongst the best or worst performers 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) | 34.25 | NEUTRAL | The RSI value for TARS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.05 | NEGATIVE | The MACD value suggests TARS has a negative trend. |
| Stochastics (14,3) | 6.57 | OVERSOLD | The low Stochastics value suggests TARS may be oversold. |
| Average True Range in percent/ATR (20) | 4.96 | MEDIUM VOLATILITY | The ATR as a percentage value for TARS suggests some volalility. |
| Average Directional Index/ADX (14) | 23.52 | NEUTRAL | The ADX value for TARS suggests a possible start of a new trend. |
TARS Chart- and CandleStick Pattern Analysis
TARS Technicals: Chart, Performance Metrics, Trend & Indicators
63.15
-0.98 (-1.53%)
TARSUS PHARMACEUTICALS INC / TARS TA 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 34.253. This indicates that the stock is currently neutral.
What are the support and resistance levels for TARSUS PHARMACEUTICALS INC (TARS) stock?
TARSUS PHARMACEUTICALS INC (TARS) has a support level at 60.77 and a resistance level at 63.16. Check the full technical report for our detailed analysis of TARS support and resistance levels.