TANGO THERAPEUTICS INC (TNGX) Stock Technical Analysis
NASDAQ:TNGX - Nasdaq - US87583X1090 - Common Stock - Currency: USD
Taking everything into account, TNGX scores 9 out of 10 in our technical rating. 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.
The long and short term trends are both positive. This is looking good!
TNGX is part of the Biotechnology industry. There are 557 other stocks in this industry. TNGX outperforms 94% of them.
In the last month TNGX has a been trading in the 1.72 - 5.37 range, which is quite wide. It is currently trading near the high of this range.
TNGX has an average volume of 2677850 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, TNGX did better than 95% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
TNGX is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so TNGX is lagging the market slightly.
Although TNGX 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
4.75
5.11
2 important resistance areas can be observed.
- Resistance @4.81 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 4.99 to 5.06. This zone is formed by a combination of multiple trend lines in the daily 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 | UP | POSITIVE | The short term trend for TNGX is up. |
| ChartMill Relative Strength | 95.49 | POSITIVE | TNGX has a high relative strength, it outperformed 95.49% 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) | DOWN | MIXED | The current price of TNGX is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 77.27 | OVERBOUGHT | The high RSI value suggests TNGX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests TNGX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.02 | OVERBOUGHT | The high Stochastics value suggests TNGX may be overbought. |
| Average True Range in percent/ATR (20) | 11.67 | HIGH VOLATILITY | The high ATR as a percentage value for TNGX suggests high volalility. |
| Average Directional Index/ADX (14) | 63.06 | 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)
4.8
0 (-0.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-0.1%
1 Week1.27%
2 Weeks46.79%
1 Month131.88%
3 Month172.73%
6 Month54.84%
12 Month-52.48%
2 Year44.58%
3 Year5.96%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.64
ATR(20)%11.67%
ATR Inc-20.47%
Range Today0.65
ADR(20)0.55
ADR(20)%11.53%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.49
Mansfield-0.64
10 Day High5.37
10 Day Low3.12
20 Day High5.37
20 Day Low1.72
52 Week High12.02
52 Week Low1.03
CS1 EndN/A
CR1 Start4.81
Volume & EV
DER(3)1.28%
DER(5)-1.29%
Volume2.63M
Volume Incr-56.43%
Vol(5)2.33M
Vol(50)2.68M