Synthorx INC (THOR) Technical Analysis
NASDAQ:THOR
Current stock price
THOR Technical Rating and Analysis
Taking everything into account, THOR scores 8 out of 10 in our technical rating. Both in the recent history as in the last year, THOR has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- THOR is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so THOR is leading the market.
- THOR is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- When comparing the yearly performance of all stocks, we notice that THOR is one of the better performing stocks in the market, outperforming 99% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
THOR Weekly and Daily overview Charts
THOR Setup Rating and Analysis
THOR has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 67.98, a Stop Loss order could be placed below this zone.
More info and screens
THOR Support and Resistance Analysis
67.30
We found 1 important support area.
- A support zone ranging from 67.98 to 67.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 70.96 to 71.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
THOR 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 THOR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for THOR is up. |
| ChartMill Relative Strength | 99.83 | POSITIVE | THOR has a high relative strength, it outperformed 99.83% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of THOR is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of THOR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of THOR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 73.77 | OVERBOUGHT | The high RSI value suggests THOR may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.86 | NEGATIVE | The MACD value suggests THOR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 2.68 | OVERSOLD | The low Stochastics value suggests THOR may be oversold. |
| Average True Range in percent/ATR (20) | 1.48 | LOW VOLATILITY | The low ATR as a percentage value for THOR suggests low volalility. |
THOR Chart- and CandleStick Pattern Analysis
THOR Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 68.55 | 67.98 | 0.57 (0.83%) | 25.00% |
| An entry @68.55. This is a Buy Stop order right above the 10 day moving average. | An exit @67.98. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.57 points, which is 0.83%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.21%. |
- The distance between exit and entry is rather small compared to the average daily movement of THOR. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
THOR Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:THOR (1/22/2020, 9:33:30 PM)
67.99
0 (0%)
Synthorx INC / THOR TA FAQ
Can you provide the ChartMill technical rating for Synthorx INC?
ChartMill assigns a technical rating of 7 / 10 to THOR.
What is the current trend direction of Synthorx INC (THOR) stock?
The current trend direction for Synthorx INC (THOR) is Bullish.
Can you provide the RSI signal for Synthorx INC?
Synthorx INC (THOR) has an RSI value of 73.7723. This indicates that the stock is currently overbought.
Can you provide the MACD signal for Synthorx INC?
The MACD indicator for Synthorx INC (THOR) has a value of -1.86348, indicating a bearish trend.
What is the short term momentum for THOR stock?
The short term momentum for Synthorx INC (THOR) is positive.