Taking everything into account, TGTX scores 0 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, TGTX is a bad performer in the overall market: 80% 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.
- In the last month TGTX has a been trading in the 26.89 - 33.24 range, which is quite wide. It is currently trading near the lows of this range.
- TGTX has an average volume of 1893830 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 525 other stocks in this industry, TGTX did better than 44% of them.
The technical rating of TGTX is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
27.67
When analyzing the support we notice one important area.
- Support @27.95 from a trend line in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 29.14 to 29.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 30.49 to 32.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @33.10 from a trend line in the daily time frame.
- Resistance @34.73 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 | 20.22 | NEGATIVE | TGTX has a low relative strength, it was outperformed by 79.78% 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) | DOWN | NEGATIVE | The current price of TGTX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 43.35 | NEUTRAL | The RSI value for TGTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests TGTX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 13.89 | OVERSOLD | The low Stochastics value suggests TGTX may be oversold. |
| Average True Range in percent/ATR (20) | 5.22 | HIGH VOLATILITY | The high ATR as a percentage value for TGTX suggests high volalility. |
| Average Directional Index/ADX (14) | 18.38 | NEGATIVE | The low ADX value for TGTX suggests a weak or negative trend. |
28.86
+1.1 (+3.96%)
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 43.3467. 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 -0.185659, 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.