TH Technical Analysis - THERATECHNOLOGIES INC

Technical Rating and Analysis

Taking everything into account, TH scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, TH has proven to be a steady performer, scoring decent points in every aspect analyzed.

Warning: TH has an average volume of 29592 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

Both the short term and long term trends are positive. This is a very positive sign.

When comparing the yearly performance of all stocks, we notice that TH is one of the better performing stocks in the market, outperforming 92% of all stocks. On top of that, TH also shows a nice and consistent pattern of rising prices.

TH is part of the Biotechnology industry. There are 24 other stocks in this industry. TH outperforms 91% of them.

TH is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month TH has a been trading in the 4.45 - 4.73 range, which is quite wide. It is currently trading near the high of this range.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

THERATECHNOLOGIES INC / TH Weekly stock chart

THERATECHNOLOGIES INC / TH Daily stock chart

Setup Rating and Analysis

Although TH 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.65

4.75

We found 3 important support areas.

A support zone ranging from 4.44 to 4.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @4.00 from a trend line in the weekly time frame.
Support @1.67 from a horizontal line in the weekly time frame.

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What is Support and Resistance

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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	UP	POSITIVE	The long term trend for TH.CA is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for TH.CA is up.
ChartMill Relative Strength	92.82	POSITIVE	TH.CA has a high relative strength, it outperformed 92.82% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of TH.CA is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of TH.CA is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of TH.CA is above the rising SMA(200).
Relative Strength Index/RSI (14)	70.61	OVERBOUGHT	The high RSI value suggests TH.CA may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.01	POSITIVE	The MACD value suggests TH.CA has a positive trend.
Stochastics (14,3)	88.94	OVERBOUGHT	The high Stochastics value suggests TH.CA may be overbought.
Average True Range in percent/ATR (20)	1.08	LOW VOLATILITY	The low ATR as a percentage value for TH.CA suggests low volalility.
Average Directional Index/ADX (14)	56.98	POSITIVE	The high ADX value value for TH.CA suggests a strong trend.