TSCAN THERAPEUTICS INC (TCRX) Stock Technical Analysis
NASDAQ:TCRX - Nasdaq - US89854M1018 - Common Stock - Currency: USD
Taking everything into account, TCRX scores 4 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. TCRX was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, TCRX is a bad performer in the overall market: 88% of all stocks are doing better.
TCRX is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
In the last month TCRX has a been trading in the 1.39 - 1.90 range, which is quite wide. It is currently trading near the high of this range.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
TCRX is part of the Biotechnology industry. There are 560 other stocks in this industry, TCRX did better than 43% of them.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
TCRX has an average technical rating and it also does not offer a high 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
1.32
1.87
2 important support areas can be observed.
- Support @1.47 from a trend line in the daily time frame.
- Support @1.33 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @1.82 from a horizontal line in the weekly time frame.
- Resistance @1.85 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 TCRX is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TCRX is up. |
| ChartMill Relative Strength | 12.15 | NEGATIVE | TCRX has a low relative strength, it was outperformed by 87.85% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TCRX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TCRX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TCRX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 62.32 | NEUTRAL | The RSI value for TCRX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests TCRX has a positive trend. |
| Stochastics (14,3) | 86.16 | OVERBOUGHT | The high Stochastics value suggests TCRX may be overbought. |
| Average True Range in percent/ATR (20) | 7.71 | HIGH VOLATILITY | The high ATR as a percentage value for TCRX suggests high volalility. |
| Average Directional Index/ADX (14) | 21.99 | NEUTRAL | The ADX value for TCRX suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
1.81
-0.03 (-1.63%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-1.63%
1 Week19.87%
2 Weeks22.3%
1 Month13.13%
3 Month45.97%
6 Month-34.66%
12 Month-73.15%
2 Year-19.2%
3 Year-58.77%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.14
ATR(20)%7.71%
ATR Inc-22.11%
Range Today0.09
ADR(20)0.14
ADR(20)%7.56%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.15
Mansfield-5.05
10 Day High1.9
10 Day Low1.4
20 Day High1.9
20 Day Low1.39
52 Week High7.89
52 Week Low1.02
CS1 End1.47
CR1 Start1.82
Volume & EV
DER(3)-0.02%
DER(5)1.68%
Volume228.70K
Volume Incr-33.58%
Vol(5)401.68K
Vol(50)643.47K