TG THERAPEUTICS INC (TGTX) Stock Technical Analysis
USA - NASDAQ:TGTX - US88322Q1085 - Common Stock
31.99 USD
+0.24 (+0.76%)
31.75 USD
-0.24 (-0.75%)
Taking everything into account, TGTX scores 3 out of 10 in our technical rating. In the past year, TGTX was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
In the last month TGTX has a been trading in the 27.23 - 33.40 range, which is quite wide. It is currently trading near the high of this range.
TGTX has an average volume of 2288050 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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 compared to the yearly performance of all other stocks, TGTX outperforms 61% of them, which is more or less in line with the market.
TGTX is part of the Biotechnology industry. There are 540 other stocks in this industry, TGTX did better than 64% of them.
TGTX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TGTX is lagging the market.
Although the technical rating is bad, TGTX does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 31.98, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for TGTX 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.
More info and screens
27.62
40.46
2 important support areas can be observed.
- A support zone ranging from 31.75 to 31.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @27.90 from a trend line in the weekly time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 32.04 to 32.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 33.39 to 33.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @34.18 from a trend line in the daily time frame.
- Resistance @40.06 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 | DOWN | NEGATIVE | The long term trend for TGTX is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TGTX is up. |
| ChartMill Relative Strength | 61.62 | NEUTRAL | TGTX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TGTX is above the rising 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) | 56.18 | NEUTRAL | The RSI value for TGTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.38 | POSITIVE | The MACD value suggests TGTX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 72.49 | NEUTRAL | The Stochastics value for TGTX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.39 | MEDIUM VOLATILITY | The ATR as a percentage value for TGTX suggests some volalility. |
| Average Directional Index/ADX (14) | 28.44 | POSITIVE | The high ADX value value for TGTX 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)
31.99
+0.24 (+0.76%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0.76%
1 Week-0.03%
2 Weeks7.6%
1 Month15.36%
3 Month-11.19%
6 Month-25.59%
12 Month29.78%
2 Year282.66%
3 Year440.37%
5 Year19.54%
10 Year217.36%
15 YearN/A
Volatility
ATR(14)1.19
ATR(20)%3.39%
ATR Inc-28.97%
Range Today0.91
ADR(20)1.04
ADR(20)%3.24%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS61.62
Mansfield-1.3
10 Day High33.4
10 Day Low30.4
20 Day High33.4
20 Day Low27.23
52 Week High46.48
52 Week Low21.16
CS1 End31.98
CR1 Start32.04
Volume & EV
DER(3)3.13%
DER(5)3.21%
Volume1.89M
Volume Incr-8.3%
Vol(5)1.94M
Vol(50)2.29M