THERATECHNOLOGIES INC (THTX) Stock Technical Analysis
NASDAQ:THTX - Nasdaq - CA88338H7040 - Common Stock - Currency: USD
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.
In the last month THTX has a been trading in the 2.48 - 2.97 range, which is quite wide. It is currently trading near the lows of this range.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that THTX is one of the better performing stocks in the market, outperforming 97% of all stocks. We also observe that the gains produced by THTX over the past year are nicely spread over this period.
THTX is one of the better performing stocks in the Biotechnology industry, it outperforms 96% of 561 stocks in the same industry.
THTX is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so THTX is performing more or less in line with the market.
THTX has an average volume of 3768000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, THTX also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. We notice that large players showed an interest for THTX in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
1.20
2.81
We found 4 important support areas.
- Support @2.52 from a horizontal line in the daily time frame.
- Support @1.58 from a trend line in the weekly time frame.
- Support @1.38 from a trend line in the daily time frame.
- Support @1.21 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @2.78 from a horizontal line in the weekly time frame.
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 | 97.3 | POSITIVE | THTX has a high relative strength, it outperformed 97.3% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of THTX is below a declining 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) | 54.39 | NEUTRAL | The RSI value for THTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests THTX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 25.47 | NEUTRAL | The Stochastics value for THTX is a neutral value. |
| Average True Range in percent/ATR (20) | 5.23 | HIGH VOLATILITY | The high ATR as a percentage value for THTX suggests high volalility. |
| Average Directional Index/ADX (14) | 26.75 | POSITIVE | The high ADX value value for THTX 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)
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 |
|---|---|---|---|
| 2.61 | 2.51 | 0.10 (3.72%) | 25.00% |
| An entry @2.61. This is a Buy Stop order right above the 10 day moving average. | An exit @2.51. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.10 points, which is 3.72%. | For a 0.93% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of THTX. 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.
2.59
+0.04 (+1.57%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg1.57%
1 Week-1.15%
2 Weeks-5.47%
1 Month-8.16%
3 Month40.38%
6 Month115.83%
12 Month102.34%
2 Year-31.84%
3 Year-75.29%
5 Year-64.03%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.12
ATR(20)%5.23%
ATR Inc-39.55%
Range Today0.07
ADR(20)0.14
ADR(20)%5.23%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.3
Mansfield5.9
10 Day High2.78
10 Day Low2.48
20 Day High2.97
20 Day Low2.48
52 Week High3.13
52 Week Low1.12
CS1 End2.52
CR1 Start2.78
Volume & EV
DER(3)1.53%
DER(5)5.54%
Volume122.00K
Volume Incr-75.85%
Vol(5)118.10K
Vol(50)3.77M