TG THERAPEUTICS INC (TGTX) Technical Analysis
NASDAQ:TGTX • US88322Q1085
Current stock price
TGTX Technical Rating and Analysis
Taking everything into account, TGTX scores 7 out of 10 in our technical rating. TGTX has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- In the last month TGTX has a been trading in the 26.76 - 34.33 range, which is quite wide. It is currently trading near the high of this range.
- TGTX has an average volume of 1874230 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the performance of all stocks over the past year, TGTX turns out to be only a medium performer in the overall market: it outperformed 43% of all stocks.
- TGTX is an average performer in the Biotechnology industry, it outperforms 44% of 517 stocks in the same industry.
- TGTX is currently trading in the middle 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 slightly.
TGTX Weekly and Daily overview Charts
TGTX Setup Rating and Analysis
TGTX has an excellent technical rating, but the quality of the setup is only medium 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
TGTX Support and Resistance Analysis
26.13
When analyzing the support we can see 3 important areas.
- Support @28.35 from a trend line in the weekly time frame.
- Support @27.72 from a horizontal line in the daily time frame.
- Support @26.39 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 33.54 to 33.59. 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 | NEUTRAL | NEUTRAL | The long term trend for TGTX is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TGTX is up. |
| ChartMill Relative Strength | 43.98 | 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) | UP | POSITIVE | The current price of TGTX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of TGTX is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 66.34 | NEUTRAL | The RSI value for TGTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.4 | POSITIVE | The MACD value suggests TGTX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 89.33 | OVERBOUGHT | The high Stochastics value suggests TGTX may be overbought. |
| Average True Range in percent/ATR (20) | 4.27 | MEDIUM VOLATILITY | The ATR as a percentage value for TGTX suggests some volalility. |
| Average Directional Index/ADX (14) | 34.58 | POSITIVE | The high ADX value value for TGTX suggests a strong trend. |
TGTX Chart- and CandleStick Pattern Analysis
TGTX Technicals: Chart, Performance Metrics, Trend & Indicators
33.53
-0.05 (-0.15%)
TG THERAPEUTICS INC / TGTX TA FAQ
What is the technical rating for TGTX stock?
ChartMill assigns a technical rating of 7 / 10 to TGTX.
What is the trend direction for TGTX stock?
The current trend direction for TG THERAPEUTICS INC (TGTX) is Bearish.
What is the RSI signal for TGTX stock?
TG THERAPEUTICS INC (TGTX) has an RSI value of 66.3403. This indicates that the stock is currently neutral.
What is the MACD signal for TG THERAPEUTICS INC (TGTX) stock?
The MACD indicator for TG THERAPEUTICS INC (TGTX) has a value of 0.39501, indicating a bearish trend.