TG THERAPEUTICS INC (TGTX) Stock Technical Analysis
NASDAQ:TGTX - Nasdaq - US88322Q1085 - Common Stock - Currency: USD
Overall TGTX gets a technical rating of 7 out of 10. 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.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
When comparing the yearly performance of all stocks, we notice that TGTX is one of the better performing stocks in the market, outperforming 94% of all 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 93% of 559 stocks in the same industry.
TGTX has an average volume of 2616220 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 trading in the upper part of its 52 week range, so TGTX is lagging the market slightly.
In the last month TGTX has a been trading in the 33.55 - 40.99 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although TGTX has an excellent technical rating, it does not offer a high 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
33.03
40.47
We found 2 important support areas.
- A support zone ranging from 35.42 to 35.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 33.36 to 34.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- Resistance @39.01 from a trend line in the daily time frame.
- 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 | 94.88 | POSITIVE | TGTX has a high relative strength, it outperformed 94.88% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of TGTX is below the rising 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) | 45.35 | NEUTRAL | The RSI value for TGTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.18 | POSITIVE | The MACD value suggests TGTX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 46.89 | NEUTRAL | The Stochastics value for TGTX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.98 | MEDIUM VOLATILITY | The ATR as a percentage value for TGTX suggests some volalility. |
| Average Directional Index/ADX (14) | 18.21 | 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)
36.01
-1.36 (-3.64%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-3.64%
1 Week-10.11%
2 Weeks2.56%
1 Month7.2%
3 Month-11.83%
6 Month12.46%
12 Month117.58%
2 Year44.97%
3 Year747.29%
5 Year84.86%
10 Year117.06%
15 YearN/A
Volatility
ATR(14)1.55
ATR(20)%3.98%
ATR Inc11.69%
Range Today1.31
ADR(20)1.4
ADR(20)%3.89%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.88
Mansfield1.63
10 Day High40.99
10 Day Low34.32
20 Day High40.99
20 Day Low33.55
52 Week High46.48
52 Week Low16.21
CS1 End35.76
CR1 Start39.01
Volume & EV
DER(3)-2.98%
DER(5)-2.43%
Volume1.67M
Volume Incr1.05%
Vol(5)1.87M
Vol(50)2.62M