TG THERAPEUTICS INC (TGTX) Stock Technical Analysis
NASDAQ:TGTX - Nasdaq - US88322Q1085 - Common Stock - Currency: USD
Taking everything into account, TGTX scores 7 out of 10 in our technical rating. In the last year, TGTX was one of the better performers, but we do observe some doubts in the very recent evolution.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
Looking at the yearly performance, TGTX did better than 89% of all other stocks. On top of that, TGTX also shows a nice and consistent pattern of rising prices.
TGTX is one of the better performing stocks in the Biotechnology industry, it outperforms 86% of 555 stocks in the same industry.
TGTX has an average volume of 2232290 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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.
In the last month TGTX has a been trading in the 34.03 - 40.99 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
TGTX has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 36.89. Right above this resistance zone may be a good entry point.
More info and screens
33.03
40.47
We found 2 important support areas.
- Support @35.01 from a trend line in the daily time frame.
- A support zone ranging from 33.36 to 33.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 36.89 to 37.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 40.07 to 40.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 TGTX is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TGTX is neutral. |
| ChartMill Relative Strength | 89.94 | POSITIVE | TGTX has a high relative strength, it outperformed 89.94% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TGTX is below 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) | UP | POSITIVE | The current price of TGTX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.43 | NEUTRAL | The RSI value for TGTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests TGTX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 45.64 | NEUTRAL | The Stochastics value for TGTX is a neutral value. |
| Average True Range in percent/ATR (20) | 4.08 | MEDIUM VOLATILITY | The ATR as a percentage value for TGTX suggests some volalility. |
| Average Directional Index/ADX (14) | 11.82 | NEGATIVE | The low ADX value for TGTX suggests a weak or negative 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)
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 |
|---|---|---|---|
| 37.13 | 35.02 | 2.11 (5.68%) | 17.60% |
| An entry @37.13. This is a Buy Stop order right above the resistance zone. | An exit @35.02. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.11 points, which is 5.68%. | When investing 17.60% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
36.72
+0.43 (+1.18%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg1.18%
1 Week-3.24%
2 Weeks4.42%
1 Month-0.85%
3 Month-1.69%
6 Month22.2%
12 Month93.16%
2 Year77.48%
3 Year513.02%
5 Year87.54%
10 Year110.43%
15 YearN/A
Volatility
ATR(14)1.34
ATR(20)%4.08%
ATR Inc-22.28%
Range Today0.89
ADR(20)1.48
ADR(20)%4.02%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.94
Mansfield1
10 Day High38.08
10 Day Low35.03
20 Day High40.99
20 Day Low34.03
52 Week High46.48
52 Week Low16.65
CS1 End35.01
CR1 Start36.89
Volume & EV
DER(3)-0.04%
DER(5)-0.9%
Volume681.30K
Volume Incr-12.09%
Vol(5)1.52M
Vol(50)2.23M