TECTONIC THERAPEUTIC INC (TECX) Stock Technical Analysis
NASDAQ:TECX - Nasdaq - US8789721086 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to TECX. Although TECX has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
TECX 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.
TECX is part of the Biotechnology industry. There are 558 other stocks in this industry. TECX outperforms 82% of them.
In the last month TECX has a been trading in the 17.96 - 24.21 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.
Looking at the yearly performance, TECX did better than 88% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
TECX 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
18.73
25.89
3 important support areas can be observed.
- A support zone ranging from 20.61 to 20.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 19.80 to 19.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @18.92 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- Resistance @23.13 from a horizontal line in the weekly time frame.
- Resistance @24.56 from a horizontal line in the daily time frame.
- Resistance @25.16 from a horizontal line in the daily time frame.
- Resistance @25.63 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 TECX is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TECX is up. |
| ChartMill Relative Strength | 88.84 | POSITIVE | TECX has a high relative strength, it outperformed 88.84% 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) | 61.32 | NEUTRAL | The RSI value for TECX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.31 | POSITIVE | The MACD value suggests TECX has a positive trend. |
| Stochastics (14,3) | 88.48 | OVERBOUGHT | The high Stochastics value suggests TECX may be overbought. |
| Average True Range in percent/ATR (20) | 5.76 | HIGH VOLATILITY | The high ATR as a percentage value for TECX suggests high volalility. |
| Average Directional Index/ADX (14) | 14.87 | NEGATIVE | The low ADX value for TECX suggests a weak or negative 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)
23.12
+0.48 (+2.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg2.14%
1 Week11.26%
2 Weeks16.77%
1 Month3.03%
3 Month35.84%
6 Month-43.47%
12 Month40.12%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.3
ATR(20)%5.76%
ATR Inc71.46%
Range Today2.05
ADR(20)1.29
ADR(20)%5.6%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.84
Mansfield-2.61
10 Day High24.21
10 Day Low19.13
20 Day High24.21
20 Day Low17.97
52 Week High61.07
52 Week Low13.7
CS1 End20.84
CR1 Start23.13
Volume & EV
DER(3)4.33%
DER(5)2.73%
Volume321.20K
Volume Incr0.55%
Vol(5)244.22K
Vol(50)204.20K