TECTONIC THERAPEUTIC INC (TECX) Technical Analysis
NASDAQ:TECX • US8789721086
Current stock price
TECX Technical Rating and Analysis
We assign a technical rating of 8 out of 10 to TECX. In the last year, TECX was one of the better performers, but we do observe some doubts in the very recent evolution.
- In the last month TECX has a been trading in the 28.20 - 35.43 range, which is quite wide. It is currently trading near the lows of this range.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- Looking at the yearly performance, TECX did better than 92% of all other stocks.
- TECX is one of the better performing stocks in the Biotechnology industry, it outperforms 74% of 517 stocks in the same industry.
- TECX is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so TECX is lagging the market slightly.
- Considerably lower volume is observed in the last couple of days.
TECX Weekly and Daily overview Charts
TECX Setup Rating and Analysis
TECX has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 31.06. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 29.03, a Stop Loss order could be placed below this zone.
More info and screens
TECX Support and Resistance Analysis
21.29
We found 3 important support areas.
- A support zone ranging from 28.87 to 29.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @24.20 from a trend line in the daily time frame.
- A support zone ranging from 21.50 to 21.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 31.06 to 31.15. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @34.27 from a trend line in the weekly time frame.
TECX 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 TECX is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TECX is neutral. |
| ChartMill Relative Strength | 92.49 | POSITIVE | TECX has a high relative strength, it outperformed 92.49% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TECX is below a declining 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 | POSITIVE | The current price of TECX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.15 | NEUTRAL | The RSI value for TECX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.5 | NEGATIVE | The MACD value suggests TECX has a negative trend. |
| Stochastics (14,3) | 31.24 | NEUTRAL | The Stochastics value for TECX is a neutral value. |
| Average True Range in percent/ATR (20) | 6.78 | HIGH VOLATILITY | The high ATR as a percentage value for TECX suggests high volalility. |
| Average Directional Index/ADX (14) | 22 | NEUTRAL | The ADX value for TECX suggests a possible start of a new trend. |
TECX Chart- and CandleStick Pattern Analysis
TECX Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 31.16 | 28.86 | 2.30 (7.38%) | 13.55% |
| An entry @31.16. This is a Buy Stop order right above the resistance zone. | An exit @28.86. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.30 points, which is 7.38%. | For a 1.00% total portfolio risk, you can invest 13.55% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of TECX. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TECX Technicals: Chart, Performance Metrics, Trend & Indicators
29.04
-0.94 (-3.14%)
TECTONIC THERAPEUTIC INC / TECX TA FAQ
What is the technical rating for TECX stock?
ChartMill assigns a technical rating of 8 / 10 to TECX.
Can you provide the trend direction for TECTONIC THERAPEUTIC INC?
The current trend direction for TECTONIC THERAPEUTIC INC (TECX) is Bullish.
Can you provide the RSI signal for TECTONIC THERAPEUTIC INC?
TECTONIC THERAPEUTIC INC (TECX) has an RSI value of 49.1503. This indicates that the stock is currently neutral.
What is the MACD signal for TECX stock?
The MACD indicator for TECTONIC THERAPEUTIC INC (TECX) has a value of -0.500332, indicating a bearish trend.
What is the short term momentum for TECX stock?
The short term momentum for TECTONIC THERAPEUTIC INC (TECX) is neutral.