TG THERAPEUTICS INC (TGTX) Stock Technical Analysis
NASDAQ:TGTX - US88322Q1085 - Common Stock
29.445 USD
+0.68 (+2.35%)
29.4 USD
-0.05 (-0.15%)
Taking everything into account, TGTX scores 1 out of 10 in our technical rating. TGTX has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
TGTX has an average volume of 2126490 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, TGTX outperforms 43% of them, which is more or less in line with the market.
TGTX is part of the Biotechnology industry. There are 547 other stocks in this industry, TGTX did better than 59% 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.
In the last month TGTX has a been trading in the 25.28 - 37.61 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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
26.13
40.46
When analyzing the support we notice one important area.
- A support zone ranging from 26.39 to 26.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 29.45 to 29.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 33.50 to 33.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @35.40 from a trend line in the weekly time frame.
- Resistance @36.09 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 | DOWN | NEGATIVE | The short term trend for TGTX is down. |
| ChartMill Relative Strength | 43.2 | NEUTRAL | TGTX is not amongst the best or worst performers 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 | MIXED | The current price of TGTX is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.03 | NEUTRAL | The RSI value for TGTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.29 | POSITIVE | The MACD value suggests TGTX has a positive trend. |
| Stochastics (14,3) | 59.47 | NEUTRAL | The Stochastics value for TGTX is a neutral value. |
| Average True Range in percent/ATR (20) | 5.14 | HIGH VOLATILITY | The high ATR as a percentage value for TGTX suggests high volalility. |
| Average Directional Index/ADX (14) | 28.74 | 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)
29.445
+0.68 (+2.35%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg2.35%
1 Week4.86%
2 Weeks10.24%
1 Month-20.2%
3 Month-14.82%
6 Month-4.65%
12 Month20.38%
2 Year181.23%
3 Year312.97%
5 Year18.71%
10 Year139.78%
15 YearN/A
Volatility
ATR(14)1.12
ATR(20)%5.14%
ATR Inc-38.3%
Range Today0.98
ADR(20)1.35
ADR(20)%4.58%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS43.2
Mansfield-1.74
10 Day High29.49
10 Day Low25.28
20 Day High37.61
20 Day Low25.28
52 Week High46.48
52 Week Low21.11
CS1 End26.7
CR1 Start29.45
Volume & EV
DER(3)1.5%
DER(5)0.44%
Volume2.19M
Volume Incr-33.87%
Vol(5)1.86M
Vol(50)2.13M