THRD Technical Analysis - Third Harmonic Bio Inc

Technical Rating and Analysis

Overall THRD gets a technical rating of 2 out of 10. THRD's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.

91% of all other stocks performed better in the past year than THRD.

THRD is one of the lesser performing stocks in the Pharmaceuticals industry. 72% of 196 stocks in the same industry do better.

THRD is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

In the last month THRD has a been trading in a tight range between 5.34 and 5.53.

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

Third Harmonic Bio Inc / THRD Weekly stock chart

Third Harmonic Bio Inc / THRD Daily stock chart

Setup Rating and Analysis

Although the technical rating is bad, THRD does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 5.37, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

5.09

5.54

When analyzing the support we can see 2 important areas.

A support zone ranging from 5.32 to 5.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @5.14 from a horizontal line in the daily time frame.

We found 1 important resistance area.

A resistance zone ranging from 5.42 to 5.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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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	DOWN	NEGATIVE	The long term trend for THRD is down.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for THRD is neutral.
ChartMill Relative Strength	9.29	NEGATIVE	THRD has a low relative strength, it was outperformed by 90.71% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of THRD is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of THRD is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of THRD is below a declining SMA(200).
Relative Strength Index/RSI (14)	43.99	NEUTRAL	The RSI value for THRD is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.02	NEGATIVE	The MACD value suggests THRD has a negative trend, although the MACD value is rising.
Stochastics (14,3)	11.86	OVERSOLD	The low Stochastics value suggests THRD may be oversold.
Average True Range in percent/ATR (20)	0.85	LOW VOLATILITY	The low ATR as a percentage value for THRD suggests low volalility.
Average Directional Index/ADX (14)	36.07	POSITIVE	The high ADX value value for THRD suggests a strong trend.