TERNS PHARMACEUTICALS INC (TERN) Stock Technical Analysis
USA - NASDAQ:TERN - US8808811074 - Common Stock
Taking everything into account, TERN scores 8 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, TERN is showing a nice and steady performance.
Besides having an excellent technical rating, TERN also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. We notice that large players showed an interest for TERN in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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7.42
When analyzing the support we notice one important area.
- A support zone ranging from 7.49 to 7.59. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
2 important resistance areas can be observed.
- Resistance @8.42 from a horizontal line in the weekly time frame.
- Resistance @8.63 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 | UP | POSITIVE | The long term trend for TERN is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TERN is neutral. |
| ChartMill Relative Strength | 82.57 | POSITIVE | TERN has a high relative strength, it outperformed 82.57% off all stocks 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) | UP | POSITIVE | The current price of TERN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.72 | NEUTRAL | The RSI value for TERN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests TERN has a negative trend. |
| Stochastics (14,3) | 39.99 | NEUTRAL | The Stochastics value for TERN is a neutral value. |
| Average True Range in percent/ATR (20) | 6.93 | HIGH VOLATILITY | The high ATR as a percentage value for TERN suggests high volalility. |
| Average Directional Index/ADX (14) | 28.73 | POSITIVE | The high ADX value value for TERN suggests a strong 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 |
|---|---|---|---|
| 8.43 | 7.48 | 0.95 (11.27%) | 8.87% |
| An entry @8.43. This is a Buy Stop order right above the resistance zone. | An exit @7.48. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.95 points, which is 11.27%. | For a 1.00% total portfolio risk, you can invest 8.87% 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.
7.77
+0.27 (+3.6%)
TERNS PHARMACEUTICALS INC / TERN FAQ
Can you provide the ChartMill technical rating for TERNS PHARMACEUTICALS INC?
ChartMill assigns a technical rating of 8 / 10 to TERN.
What is the trend direction for 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 47.7243. This indicates that the stock is currently neutral.
Can you provide the short term momentum for TERNS PHARMACEUTICALS INC?
The short term momentum for TERNS PHARMACEUTICALS INC (TERN) is neutral.