We assign a technical rating of 10 out of 10 to TNGX. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, TNGX is showing a nice and steady performance.
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
7.96
2 important support areas can be observed.
- A support zone ranging from 9.56 to 9.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @8.04 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 10.92 to 10.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 97.41 | POSITIVE | TNGX has a high relative strength, it outperformed 97.41% 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) | 55.39 | NEUTRAL | The RSI value for TNGX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests TNGX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 58.41 | NEUTRAL | The Stochastics value for TNGX is a neutral value. |
| Average True Range in percent/ATR (20) | 7.52 | HIGH VOLATILITY | The high ATR as a percentage value for TNGX suggests high volalility. |
| Average Directional Index/ADX (14) | 24.89 | NEUTRAL | The ADX value for TNGX suggests a possible start of a new trend. |
9.63
-0.27 (-2.73%)
TANGO THERAPEUTICS INC / TNGX FAQ
What is the ChartMill technical rating of TANGO THERAPEUTICS INC (TNGX) stock?
ChartMill assigns a technical rating of 10 / 10 to TNGX.
What is the trend direction for TNGX stock?
The current trend direction for TANGO THERAPEUTICS INC (TNGX) is Bullish.
What is the RSI signal for TNGX stock?
TANGO THERAPEUTICS INC (TNGX) has an RSI value of 55.3928. This indicates that the stock is currently neutral.
What is the MACD signal for TNGX stock?
The MACD indicator for TANGO THERAPEUTICS INC (TNGX) has a value of 0.00831848, indicating a bearish trend.
What is the short term momentum for TNGX stock?
The short term momentum for TANGO THERAPEUTICS INC (TNGX) is positive.