TERNS PHARMACEUTICALS INC (TERN) Stock Technical Analysis
NASDAQ:TERN - Nasdaq - US8808811074 - Common Stock - Currency: USD
Overall TERN gets a technical rating of 5 out of 10. TERN has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
TERN 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.
TERN is one of the better performing stocks in the Pharmaceuticals industry, it outperforms 73% of 195 stocks in the same industry.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
When comparing the performance of all stocks over the past year, TERN turns out to be only a medium performer in the overall market: it outperformed 68% of all stocks.
In the last month TERN has a been trading in the 3.06 - 4.34 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, TERN does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 3.82, a Stop Loss order could be placed below this zone.
More info and screens
3.63
4.15
When analyzing the support we notice one important area.
- A support zone ranging from 3.67 to 3.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 3.89 to 3.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @3.99 from a trend line in the daily time frame.
- A resistance zone ranging from 4.10 to 4.11. 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 TERN is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TERN is up. |
| ChartMill Relative Strength | 68.78 | NEUTRAL | TERN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of TERN is below 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) | DOWN | NEGATIVE | The current price of TERN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.44 | NEUTRAL | The RSI value for TERN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests TERN has a negative trend. |
| Stochastics (14,3) | 40.33 | NEUTRAL | The Stochastics value for TERN is a neutral value. |
| Average True Range in percent/ATR (20) | 8.12 | HIGH VOLATILITY | The high ATR as a percentage value for TERN suggests high volalility. |
| Average Directional Index/ADX (14) | 30.19 | POSITIVE | The high ADX value value for TERN suggests a strong 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)
3.73
-0.1 (-2.61%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-2.61%
1 Week1.36%
2 Weeks-3.87%
1 Month19.94%
3 Month77.62%
6 Month-35.13%
12 Month-45.23%
2 Year-57.37%
3 Year50.4%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.31
ATR(20)%8.12%
ATR Inc-16.24%
Range Today0.22
ADR(20)0.3
ADR(20)%8%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS68.78
Mansfield-3.65
10 Day High4.3
10 Day Low3.55
20 Day High4.34
20 Day Low3.06
52 Week High11.4
52 Week Low1.87
CS1 End3.82
CR1 Start3.9
Volume & EV
DER(3)-1.27%
DER(5)2.79%
Volume576.50K
Volume Incr2.35%
Vol(5)882.66K
Vol(50)892.45K