THTX Technical Analysis - THERATECHNOLOGIES INC

Technical Rating and Analysis

Overall THTX gets a technical rating of 10 out of 10. Both in the recent history as in the last year, THTX 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!

When comparing the yearly performance of all stocks, we notice that THTX is one of the better performing stocks in the market, outperforming 96% of all stocks. We also observe that the gains produced by THTX over the past year are nicely spread over this period.

THTX is part of the Biotechnology industry. There are 536 other stocks in this industry. THTX outperforms 91% 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.

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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 / THTX Weekly stock chart

THERATECHNOLOGIES INC / THTX Daily stock chart

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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.20

3.42

4 important support areas can be observed.

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.

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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 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.