TG THERAPEUTICS INC (TGTX) Stock Technical Analysis
NASDAQ:TGTX • US88322Q1085
We assign a technical rating of 0 out of 10 to TGTX. TGTX's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, TGTX is a bad performer in the overall market: 77% of all stocks are doing better.
- TGTX 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.
- TGTX has an average volume of 1844190 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- TGTX is part of the Biotechnology industry. There are 520 other stocks in this industry, TGTX did better than 47% of them.
- In the last month TGTX has a been trading in the 27.61 - 32.55 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
TGTX has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 29.99. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 28.06, a Stop Loss order could be placed below this zone.
More info and screens
27.44
We found 1 important support area.
- A support zone ranging from 27.72 to 28.06. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 29.99 to 30.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 31.20 to 32.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @32.73 from a trend line in the daily time frame.
- Resistance @34.51 from a trend line in the weekly 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 TGTX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TGTX is down. |
| ChartMill Relative Strength | 23.64 | NEGATIVE | TGTX has a low relative strength, it was outperformed by 76.36% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of TGTX is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TGTX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TGTX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.99 | NEUTRAL | The RSI value for TGTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests TGTX has a positive trend. |
| Stochastics (14,3) | 66.82 | NEUTRAL | The Stochastics value for TGTX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.45 | MEDIUM VOLATILITY | The ATR as a percentage value for TGTX suggests some volalility. |
| Average Directional Index/ADX (14) | 12.88 | NEGATIVE | The low ADX value for TGTX suggests a weak or negative trend. |
29.53
+0.07 (+0.24%)
TG THERAPEUTICS INC / TGTX FAQ
What is the technical rating for TGTX stock?
ChartMill assigns a technical rating of 0 / 10 to TGTX.
What is the trend direction for TGTX stock?
The current trend direction for TG THERAPEUTICS INC (TGTX) is Bearish.
Can you provide the RSI signal for TG THERAPEUTICS INC?
TG THERAPEUTICS INC (TGTX) has an RSI value of 49.9867. This indicates that the stock is currently neutral.
What is the MACD signal for TGTX stock?
The MACD indicator for TG THERAPEUTICS INC (TGTX) has a value of 0.0744939, indicating a bearish trend.
Can you provide the short term momentum for TG THERAPEUTICS INC?
The short term momentum for TG THERAPEUTICS INC (TGTX) is negative.