TRACON PHARMACEUTICALS INC (TCON) Technical Analysis
NASDAQ:TCON • US89237H3084
Current stock price
TCON Technical Rating and Analysis
Overall TCON gets a technical rating of 0 out of 10. TCON's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- When comparing the yearly performance of all stocks, TCON is a bad performer in the overall market: 100% of all stocks are doing better.
- TCON is part of the Biotechnology industry. There are 518 other stocks in this industry, of which 91% are performing better than TCON.
- TCON is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so TCON is lagging the market.
- In the last month TCON has a been trading in the 0.66 - 1.77 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.
TCON Weekly and Daily overview Charts
TCON Setup Rating and Analysis
TCON has a poor technical rating and the quality of the setup is also not perfect 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
TCON Support and Resistance Analysis
1.22
We found 1 important support area.
- A support zone ranging from 1.23 to 1.23. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
We found 1 important resistance area.
- Resistance @1.50 from a horizontal line in the daily time frame.
TCON 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 | DOWN | NEGATIVE | The long term trend for TCON is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TCON is neutral. |
| ChartMill Relative Strength | 0.75 | NEGATIVE | TCON has a low relative strength, it was outperformed by 99.25% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of TCON is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TCON is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TCON is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.8 | NEUTRAL | The RSI value for TCON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests TCON has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.8 | OVERBOUGHT | The high Stochastics value suggests TCON may be overbought. |
| Average True Range in percent/ATR (20) | 13.18 | HIGH VOLATILITY | The high ATR as a percentage value for TCON suggests high volalility. |
| Average Directional Index/ADX (14) | 17.32 | NEGATIVE | The low ADX value for TCON suggests a weak or negative trend. |
TCON Chart- and CandleStick Pattern Analysis
TCON Technicals: Chart, Performance Metrics, Trend & Indicators
1.43
-0.02 (-1.38%)
TRACON PHARMACEUTICALS INC / TCON TA FAQ
Can you provide the ChartMill technical rating for TRACON PHARMACEUTICALS INC?
ChartMill assigns a technical rating of 0 / 10 to TCON.
What is the trend direction for TCON stock?
The current trend direction for TRACON PHARMACEUTICALS INC (TCON) is Bearish.
What is the RSI signal for TRACON PHARMACEUTICALS INC (TCON) stock?
TRACON PHARMACEUTICALS INC (TCON) has an RSI value of 49.7968. This indicates that the stock is currently neutral.
What is the MACD signal for TCON stock?
The MACD indicator for TRACON PHARMACEUTICALS INC (TCON) has a value of 0.0837058, indicating a bearish trend.
Can you provide the short term momentum for TRACON PHARMACEUTICALS INC?
The short term momentum for TRACON PHARMACEUTICALS INC (TCON) is neutral.