TANGO THERAPEUTICS INC (TNGX) Stock Technical Analysis
NASDAQ:TNGX - US87583X1090 - Common Stock
6.7 USD
+0.04 (+0.6%)
6.7 USD
0 (0%)
Taking everything into account, TNGX scores 6 out of 10 in our technical rating. In the last year, TNGX was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
In the last month TNGX has a been trading in the 6.21 - 7.42 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been consolidating recently, but much resistance may still be present above.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
TNGX has an average volume of 1917550 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, TNGX outperforms 62% of them, which is more or less in line with the market.
TNGX is part of the Biotechnology industry. There are 542 other stocks in this industry, TNGX did better than 64% of them.
TNGX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TNGX is lagging the market.
Considerably lower volume is observed in the last couple of days.
TNGX has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 6.69, a Stop Loss order could be placed below this zone.
More info and screens
6.58
10.07
When analyzing the support we notice one important area.
- A support zone ranging from 6.65 to 6.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @6.91 from a horizontal line in the weekly time frame.
- Resistance @9.97 from a trend 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 TNGX is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TNGX is neutral. |
| ChartMill Relative Strength | 62.05 | NEUTRAL | TNGX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TNGX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TNGX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TNGX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.84 | NEUTRAL | The RSI value for TNGX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests TNGX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 28.13 | NEUTRAL | The Stochastics value for TNGX is a neutral value. |
| Average True Range in percent/ATR (20) | 6.04 | HIGH VOLATILITY | The high ATR as a percentage value for TNGX suggests high volalility. |
| Average Directional Index/ADX (14) | 32.05 | POSITIVE | The high ADX value value for TNGX 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 |
|---|---|---|---|
| 6.92 | 6.64 | 0.28 (4.05%) | 24.71% |
| An entry @6.92. This is a Buy Stop order right above the resistance zone. | An exit @6.64. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.28 points, which is 4.05%. | For a 1.00% total portfolio risk, you can invest 24.71% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of TNGX. 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.
6.7
+0.04 (+0.6%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0.6%
1 Week0.3%
2 Weeks-3.74%
1 Month-3.04%
3 Month57.28%
6 Month233.33%
12 Month-38.48%
2 Year-40.5%
3 Year85.08%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.37
ATR(20)%6.04%
ATR Inc-4.4%
Range Today0.52
ADR(20)0.4
ADR(20)%6.03%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS62.05
Mansfield4.96
10 Day High7.19
10 Day Low6.28
20 Day High7.42
20 Day Low6.21
52 Week High10.85
52 Week Low1.03
CS1 End6.69
CR1 Start6.91
Volume & EV
DER(3)2.5%
DER(5)1.65%
Volume1.18M
Volume Incr-53.81%
Vol(5)871.88K
Vol(50)1.92M