TERNS PHARMACEUTICALS INC (TERN) Technical Analysis
NASDAQ:TERN • US8808811074
Current stock price
TERN Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to TERN. 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that TERN is one of the better performing stocks in the market, outperforming 99% of all stocks. We also observe that the gains produced by TERN over the past year are nicely spread over this period.
- TERN is one of the better performing stocks in the Pharmaceuticals industry, it outperforms 99% of 191 stocks in the same industry.
- TERN is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- TERN is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- TERN has an average volume of 6435590 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month TERN has a been trading in a tight range between 52.42 and 53.19.
TERN Weekly and Daily overview Charts
TERN Setup Rating and Analysis
Besides having an excellent technical rating, TERN 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 52.93. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 52.75, a Stop Loss order could be placed below this zone.
More info and screens
TERN Support and Resistance Analysis
46.03
2 important support areas can be observed.
- A support zone ranging from 52.55 to 52.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 46.49 to 46.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 52.93 to 53.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
TERN 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 TERN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TERN is up. |
| ChartMill Relative Strength | 99.81 | POSITIVE | TERN has a high relative strength, it outperformed 99.81% 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) | UP | POSITIVE | The current price of TERN is above the rising 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) | 73.67 | OVERBOUGHT | The high RSI value suggests TERN may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.41 | NEGATIVE | The MACD value suggests TERN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 86.4 | OVERBOUGHT | The high Stochastics value suggests TERN may be overbought. |
| Average True Range in percent/ATR (20) | 0.56 | LOW VOLATILITY | The low ATR as a percentage value for TERN suggests low volalility. |
| Average Directional Index/ADX (14) | 46.73 | POSITIVE | The high ADX value value for TERN suggests a strong trend. |
TERN Chart- and CandleStick Pattern Analysis
TERN 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 |
|---|---|---|---|
| 52.88 | 52.55 | 0.33 (0.62%) | 25.00% |
| An entry @52.88. This is a Buy Stop order right above the 10 day high. | An exit @52.55. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.33 points, which is 0.62%. | For a 0.16% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
TERN Technicals: Chart, Performance Metrics, Trend & Indicators
52.84
-0.02 (-0.04%)
TERNS PHARMACEUTICALS INC / TERN TA 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.
Can you provide the RSI signal for TERNS PHARMACEUTICALS INC?
TERNS PHARMACEUTICALS INC (TERN) has an RSI value of 73.6736. This indicates that the stock is currently overbought.
What is the MACD signal for TERN stock?
The MACD indicator for TERNS PHARMACEUTICALS INC (TERN) has a value of -0.411209, indicating a bearish trend.
What is the short term momentum for TERNS PHARMACEUTICALS INC (TERN) stock?
The short term momentum for TERNS PHARMACEUTICALS INC (TERN) is positive.