TNGX Technical Analysis - TANGO THERAPEUTICS INC

Technical Rating and Analysis

Overall TNGX gets a technical rating of 9 out of 10. Both in the recent history as in the last year, TNGX has proven to be a steady performer, scoring decent points in every aspect analyzed.

Both the short term and long term trends are positive. This is a very positive sign.

TNGX is part of the Biotechnology industry. There are 538 other stocks in this industry. TNGX outperforms 75% of them.

TNGX 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 TNGX has a been trading in the 6.25 - 8.19 range, which is quite wide. It is currently trading near the high of this range.

TNGX has an average volume of 1949620 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

When comparing the yearly performance of all stocks, we notice that TNGX is one of the better performing stocks in the market, outperforming 87% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.

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

TANGO THERAPEUTICS INC / TNGX Weekly stock chart

TANGO THERAPEUTICS INC / TNGX Daily stock chart

Setup Rating and Analysis

TNGX has an excellent technical rating, but the quality of the setup is only medium 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

6.35

8.05

We found 4 important support areas.

A support zone ranging from 7.94 to 7.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @7.27 from a horizontal line in the daily time frame.
A support zone ranging from 7.04 to 7.10. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A support zone ranging from 6.41 to 6.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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Support and Resistance indicators

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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 TNGX is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for TNGX is up.
ChartMill Relative Strength	87.4	POSITIVE	TNGX has a high relative strength, it outperformed 87.4% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of TNGX is above the rising 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)	63.57	NEUTRAL	The RSI value for TNGX is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.07	POSITIVE	The MACD value suggests TNGX has a positive trend.
Stochastics (14,3)	77.25	NEUTRAL	The Stochastics value for TNGX is a neutral value.
Average True Range in percent/ATR (20)	6.09	HIGH VOLATILITY	The high ATR as a percentage value for TNGX suggests high volalility.
Average Directional Index/ADX (14)	22.42	NEUTRAL	The ADX value for TNGX suggests a possible start of a new trend.