TG THERAPEUTICS INC (TGTX) Technical Analysis
NASDAQ:TGTX • US88322Q1085
Current stock price
TGTX Technical Rating and Analysis
Taking everything into account, TGTX scores 1 out of 10 in our technical rating. 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.
- 85% of all other stocks performed better in the past year than TGTX.
- TGTX is part of the Biotechnology industry. There are 518 other stocks in this industry, of which 64% are performing better than TGTX.
- TGTX is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so TGTX is lagging the market.
- TGTX has an average volume of 2006090 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month TGTX has a been trading in the 26.76 - 31.34 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
TGTX Weekly and Daily overview Charts
TGTX Setup Rating and Analysis
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 29.25. Right above this resistance zone may be a good entry point.
More info and screens
TGTX Support and Resistance Analysis
26.13
We found 1 important support area.
- A support zone ranging from 26.39 to 26.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 29.25 to 29.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @30.21 from a trend line in the daily time frame.
- A resistance zone ranging from 31.20 to 32.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
TGTX 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 | 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 | 15.89 | NEGATIVE | TGTX has a low relative strength, it was outperformed by 84.11% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of TGTX is below 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) | 47.67 | NEUTRAL | The RSI value for TGTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests TGTX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 24.66 | NEUTRAL | The Stochastics value for TGTX is a neutral value. |
| Average True Range in percent/ATR (20) | 4.11 | MEDIUM VOLATILITY | The ATR as a percentage value for TGTX suggests some volalility. |
| Average Directional Index/ADX (14) | 24.05 | NEUTRAL | The ADX value for TGTX suggests a possible start of a new trend. |
TGTX Chart- and CandleStick Pattern Analysis
TGTX Technicals: Chart, Performance Metrics, Trend & Indicators
28.77
+0.81 (+2.9%)
TG THERAPEUTICS INC / TGTX TA FAQ
What is the technical rating for TGTX stock?
ChartMill assigns a technical rating of 1 / 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 47.6656. 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 -0.130061, 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.