THIRD HARMONIC BIO INC (THRD) Stock Technical Analysis
NASDAQ:THRD - Nasdaq - US88427A1079 - Common Stock - Currency: USD
Taking everything into account, THRD scores 4 out of 10 in our technical rating. In the past year, THRD was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, THRD is a bad performer in the overall market: 69% of all stocks are doing 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.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
THRD is part of the Pharmaceuticals industry. There are 195 other stocks in this industry, THRD did better than 55% of them.
In the last month THRD has a been trading in a tight range between 5.13 and 5.32.
Considerably lower volume is observed in the last couple of days.
THRD 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
3.48
5.36
We found 2 important support areas.
- A support zone ranging from 5.11 to 5.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.52 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 5.31 to 5.31. 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 | DOWN | NEGATIVE | The long term trend for THRD is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for THRD is up. |
| ChartMill Relative Strength | 31.36 | NEUTRAL | THRD is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of THRD is above the rising 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) | 78.87 | OVERBOUGHT | The high RSI value suggests THRD may be overbought. |
| 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) | 83.33 | OVERBOUGHT | The high Stochastics value suggests THRD may be overbought. |
| Average True Range in percent/ATR (20) | 0.75 | LOW VOLATILITY | The low ATR as a percentage value for THRD suggests low volalility. |
| Average Directional Index/ADX (14) | 62.25 | POSITIVE | The high ADX value value for THRD suggests a strong 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)
5.3
+0.01 (+0.19%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg0.19%
1 Week0.95%
2 Weeks2.12%
1 Month2.71%
3 Month54.52%
6 Month-52.93%
12 Month-60.24%
2 Year10.19%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.04
ATR(20)%0.75%
ATR Inc-44.74%
Range Today0.02
ADR(20)0.04
ADR(20)%0.75%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS31.36
Mansfield-4.44
10 Day High5.32
10 Day Low5.17
20 Day High5.32
20 Day Low5.13
52 Week High16.02
52 Week Low3.18
CS1 End5.25
CR1 Start5.31
Volume & EV
DER(3)-1.15%
DER(5)-0.37%
Volume231.20K
Volume Incr-11.52%
Vol(5)270.42K
Vol(50)642.25K