TERNS PHARMACEUTICALS INC (TERN) Stock Technical Analysis
NASDAQ:TERN • US8808811074
Overall TERN gets a technical rating of 10 out of 10. Both in the recent history as in the last year, TERN has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, TERN did better than 99% of all other stocks. We also observe that the gains produced by TERN over the past year are nicely spread over this period.
- TERN is part of the Pharmaceuticals industry. There are 191 other stocks in this industry. TERN outperforms 98% of them.
- TERN is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so TERN is lagging the market slightly.
- In the last month TERN has a been trading in the 33.53 - 40.87 range, which is quite wide. It is currently trading near the high of this range.
- TERN has an average volume of 2774340 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Considerably lower volume is observed in the last couple of days.
TERN has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 39.07, a Stop Loss order could be placed below this zone.
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33.69
3 important support areas can be observed.
- A support zone ranging from 38.57 to 39.07. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 36.97 to 37.43. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 34.03 to 34.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- Resistance @39.59 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 | UP | POSITIVE | The long term trend for TERN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TERN is up. |
| ChartMill Relative Strength | 99.74 | POSITIVE | TERN has a high relative strength, it outperformed 99.74% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TERN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of TERN is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TERN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.28 | NEUTRAL | The RSI value for TERN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.28 | POSITIVE | The MACD value suggests TERN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 77.9 | NEUTRAL | The Stochastics value for TERN is a neutral value. |
| Average True Range in percent/ATR (20) | 5.38 | HIGH VOLATILITY | The high ATR as a percentage value for TERN suggests high volalility. |
| Average Directional Index/ADX (14) | 19.92 | NEGATIVE | The low ADX value for TERN suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 39.60 | 38.56 | 1.04 (2.63%) | 25.00% |
| An entry @39.60. This is a Buy Stop order right above the resistance zone. | An exit @38.56. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.04 points, which is 2.63%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.66%. |
- The distance between exit and entry is rather small compared to the average daily movement of TERN. 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.
39.23
-0.22 (-0.56%)
TERNS PHARMACEUTICALS INC / TERN FAQ
Can you provide the ChartMill technical rating for TERNS PHARMACEUTICALS INC?
ChartMill assigns a technical rating of 10 / 10 to TERN.
What is the current trend direction of TERNS PHARMACEUTICALS INC (TERN) stock?
The current trend direction for TERNS PHARMACEUTICALS INC (TERN) is Bullish.
What is the RSI signal for TERNS PHARMACEUTICALS INC (TERN) stock?
TERNS PHARMACEUTICALS INC (TERN) has an RSI value of 58.2755. This indicates that the stock is currently neutral.
What is the short term momentum for TERNS PHARMACEUTICALS INC (TERN) stock?
The short term momentum for TERNS PHARMACEUTICALS INC (TERN) is positive.
What is the buy/sell signal for TERNS PHARMACEUTICALS INC (TERN) stock?
The buy/sell signal for TERNS PHARMACEUTICALS INC (TERN) is buy as both the short term and long term trends are positive.