THERATECHNOLOGIES INC (THTX) Stock Technical Analysis
NASDAQ:THTX • CA88338H7040
Overall THTX gets a technical rating of 10 out of 10. 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.
- 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 one of the better performing stocks in the Biotechnology industry, it outperforms 89% of 521 stocks in the same industry.
- THTX is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- 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.
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
1.20
We found 4 important support 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.
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. |
3.39
0 (0%)
THERATECHNOLOGIES INC / THTX 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 THTX stock?
THERATECHNOLOGIES INC (THTX) has an RSI value of 81.5089. This indicates that the stock is currently overbought.
What is the buy/sell signal for THTX stock?
The buy/sell signal for THERATECHNOLOGIES INC (THTX) is buy as both the short term and long term trends are positive.
What is the support and resistance level for THTX stock?
THERATECHNOLOGIES INC (THTX) has a support level at 3.36. Check the full technical report for our detailed analysis of THTX support and resistance levels.