TG THERAPEUTICS INC (TGTX) Stock Technical Analysis
NASDAQ:TGTX - Nasdaq - US88322Q1085 - Common Stock - Currency: USD
Taking everything into account, TGTX scores 5 out of 10 in our technical rating. In the last year, TGTX was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
TGTX is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
When comparing the yearly performance of all stocks, we notice that TGTX is one of the better performing stocks in the market, outperforming 96% of all stocks. On top of that, TGTX also shows a nice and consistent pattern of rising prices.
TGTX is part of the Biotechnology industry. There are 561 other stocks in this industry. TGTX outperforms 95% of them.
TGTX has an average volume of 2872820 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
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.
Considerably lower volume is observed in the last couple of days.
TGTX has an average technical rating and the quality of the presented setup is also not ideal 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
31.84
35.83
We found 2 important support areas.
- A support zone ranging from 33.00 to 34.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @32.16 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 34.58 to 34.62. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Resistance @35.48 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 | UP | POSITIVE | The long term trend for TGTX is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TGTX is down. |
| ChartMill Relative Strength | 96.5 | POSITIVE | TGTX has a high relative strength, it outperformed 96.5% 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) | 42.83 | NEUTRAL | The RSI value for TGTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests TGTX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 24.2 | NEUTRAL | The Stochastics value for TGTX is a neutral value. |
| Average True Range in percent/ATR (20) | 5.98 | HIGH VOLATILITY | The high ATR as a percentage value for TGTX suggests high volalility. |
| Average Directional Index/ADX (14) | 21.23 | NEUTRAL | The ADX value for TGTX suggests a possible start of a new 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)
34.57
+0.33 (+0.96%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0.96%
1 Week0.61%
2 Weeks2.76%
1 Month-16.36%
3 Month11.95%
6 Month-1.43%
12 Month106.88%
2 Year29.82%
3 Year682.13%
5 Year85.36%
10 Year119.63%
15 YearN/A
Volatility
ATR(14)1.51
ATR(20)%5.98%
ATR Inc-54.06%
Range Today1.08
ADR(20)1.88
ADR(20)%5.45%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS96.5
Mansfield1.94
10 Day High35.62
10 Day Low32.68
20 Day High46.48
20 Day Low32.68
52 Week High46.48
52 Week Low15.16
CS1 End34.32
CR1 Start34.58
Volume & EV
DER(3)0.42%
DER(5)1.6%
Volume1.04M
Volume Incr-53.21%
Vol(5)1.50M
Vol(50)2.87M