THERATECHNOLOGIES INC (THTX) Technical Analysis
NASDAQ:THTX • CA88338H7040
Current stock price
THTX Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to THTX. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, THTX is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, THTX did better than 96% of all other stocks. On top of that, THTX also shows a nice and consistent pattern of rising prices.
- THTX is part of the Biotechnology industry. There are 516 other stocks in this industry. THTX outperforms 85% of them.
- A new 52 week high is currently being made by THTX, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month THTX has a been trading in a tight range between 3.24 and 3.40.
- Volume is considerably higher in the last couple of days.
THTX Weekly and Daily overview Charts
THTX Setup Rating and Analysis
Although THTX has an excellent technical rating, it does not present a decent entry opportunity 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
THTX Support and Resistance Analysis
1.20
When analyzing the support we can see 4 important areas.
- A support zone ranging from 3.29 to 3.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 3.23 to 3.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.85 from a trend line in the weekly time frame.
- Support @1.21 from a horizontal line in the weekly time frame.
THTX 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 THTX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for THTX is up. |
| ChartMill Relative Strength | 96.37 | POSITIVE | THTX has a high relative strength, it outperformed 96.37% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of THTX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of THTX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of THTX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 81.51 | OVERBOUGHT | The high RSI value suggests THTX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests THTX has a positive trend. |
| Stochastics (14,3) | 88.85 | OVERBOUGHT | The high Stochastics value suggests THTX may be overbought. |
| Average True Range in percent/ATR (20) | 0.79 | LOW VOLATILITY | The low ATR as a percentage value for THTX suggests low volalility. |
| Average Directional Index/ADX (14) | 72.41 | POSITIVE | The high ADX value value for THTX suggests a strong trend. |
THTX Chart- and CandleStick Pattern Analysis
THTX Technicals: Chart, Performance Metrics, Trend & Indicators
3.39
0 (0%)
THERATECHNOLOGIES INC / THTX TA FAQ
What is the technical rating for THTX stock?
ChartMill assigns a technical rating of 10 / 10 to THTX.
Can you provide the trend direction for THERATECHNOLOGIES INC?
The current trend direction for THERATECHNOLOGIES INC (THTX) is Bullish.
What is the RSI signal for THERATECHNOLOGIES INC (THTX) stock?
THERATECHNOLOGIES INC (THTX) has an RSI value of 81.5089. This indicates that the stock is currently overbought.
Can you provide the MACD signal for THERATECHNOLOGIES INC?
The MACD indicator for THERATECHNOLOGIES INC (THTX) has a value of 0.00434305, indicating a bearish trend.
Can you provide the short term momentum for THERATECHNOLOGIES INC?
The short term momentum for THERATECHNOLOGIES INC (THTX) is positive.