TARS Technical Analysis - TARSUS PHARMACEUTICALS INC

Technical Rating and Analysis

Taking everything into account, TARS scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, TARS is showing a nice and steady performance.

The long and short term trends are both positive. This is looking good!

Looking at the yearly performance, TARS did better than 95% of all other stocks.

TARS is one of the better performing stocks in the Pharmaceuticals industry, it outperforms 91% of 196 stocks in the same industry.

TARS is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month TARS has a been trading in the 48.20 - 70.78 range, which is quite wide. It is currently trading near the high of this range.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

TARSUS PHARMACEUTICALS INC / TARS Weekly stock chart

TARSUS PHARMACEUTICALS INC / TARS Daily stock chart

Setup Rating and Analysis

Although TARS has an excellent technical rating, it does not present a decent entry opportunity 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

39.03

70.84

When analyzing the support we can see 3 important areas.

A support zone ranging from 55.52 to 56.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @43.78 from a trend line in the weekly time frame.
Support @39.42 from a horizontal line in the daily time frame.

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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	UP	POSITIVE	The long term trend for TARS is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for TARS is up.
ChartMill Relative Strength	95.63	POSITIVE	TARS has a high relative strength, it outperformed 95.63% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of TARS is above the rising 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)	79.16	OVERBOUGHT	The high RSI value suggests TARS may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	1.34	POSITIVE	The MACD value suggests TARS has a positive trend, although the MACD value is declining.
Stochastics (14,3)	96.28	OVERBOUGHT	The high Stochastics value suggests TARS may be overbought.
Average True Range in percent/ATR (20)	3.64	MEDIUM VOLATILITY	The ATR as a percentage value for TARS suggests some volalility.
Average Directional Index/ADX (14)	32.56	POSITIVE	The high ADX value value for TARS suggests a strong trend.