TECTONIC THERAPEUTIC INC (TECX) Stock Technical Analysis
NASDAQ:TECX - Nasdaq - US8789721086 - Common Stock - Currency: USD
Overall TECX gets a technical rating of 4 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. TECX was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, TECX is a bad performer in the overall market: 100% of all stocks are doing better.
TECX is part of the Biotechnology industry. There are 558 other stocks in this industry, of which 92% are performing better than TECX.
In the last month TECX has a been trading in the 19.25 - 24.71 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.
Although the technical rating is only medium, TECX does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 24.30. Right above this resistance zone may be a good entry point.
More info and screens
21.29
24.81
3 important support areas can be observed.
- A support zone ranging from 22.85 to 22.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 22.31 to 22.46. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @21.51 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 24.28 to 24.56. This zone is formed by a combination of multiple trend lines 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 TECX is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TECX is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | TECX has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TECX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TECX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of TECX is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.44 | NEUTRAL | The RSI value for TECX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests TECX has a positive trend. |
| Stochastics (14,3) | 54.43 | NEUTRAL | The Stochastics value for TECX is a neutral value. |
| Average True Range in percent/ATR (20) | 6.84 | HIGH VOLATILITY | The high ATR as a percentage value for TECX suggests high volalility. |
| Average Directional Index/ADX (14) | 22.06 | NEUTRAL | The ADX value for TECX 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)
23.06
+0.61 (+2.72%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg2.72%
1 Week7.21%
2 Weeks3.87%
1 Month9.71%
3 Month-0.52%
6 Month-55.2%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.54
ATR(20)%6.84%
ATR Inc-11.09%
Range Today1.68
ADR(20)1.48
ADR(20)%6.4%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High24.36
10 Day Low20.94
20 Day High24.72
20 Day Low19.25
52 Week HighN/A
52 Week LowN/A
CS1 End22.27
CR1 Start24.3
Volume & EV
DER(3)-5.42%
DER(5)-2.24%
Volume186.20K
Volume Incr-18.27%
Vol(5)141.22K
Vol(50)198.18K