We assign a technical rating of 9 out of 10 to TPTX. Both in the recent history as in the last year, TPTX has proven to be a steady performer, scoring decent points in every aspect analyzed.
Although TPTX 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.
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73.54
When analyzing the support we notice one important area.
- A support zone ranging from 74.28 to 75.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 76.02 to 76.02. 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 TPTX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TPTX is up. |
| ChartMill Relative Strength | 98.65 | POSITIVE | TPTX has a high relative strength, it outperformed 98.65% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TPTX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TPTX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TPTX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 74.83 | OVERBOUGHT | The high RSI value suggests TPTX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.29 | NEGATIVE | The MACD value suggests TPTX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 83.24 | OVERBOUGHT | The high Stochastics value suggests TPTX may be overbought. |
| Average True Range in percent/ATR (20) | 0.49 | LOW VOLATILITY | The low ATR as a percentage value for TPTX suggests low volalility. |
| Average Directional Index/ADX (14) | 52.08 | POSITIVE | The high ADX value value for TPTX suggests a strong trend. |
76.01
+0.52 (+0.69%)
TURNING POINT THERAPEUTICS I / TPTX FAQ
What is the technical rating for TPTX stock?
ChartMill assigns a technical rating of 8 / 10 to TPTX.
What is the current trend direction of TURNING POINT THERAPEUTICS I (TPTX) stock?
The current trend direction for TURNING POINT THERAPEUTICS I (TPTX) is Bullish.
What is the RSI signal for TPTX stock?
TURNING POINT THERAPEUTICS I (TPTX) has an RSI value of 74.8294. This indicates that the stock is currently overbought.
What is the buy/sell signal for TURNING POINT THERAPEUTICS I (TPTX) stock?
The buy/sell signal for TURNING POINT THERAPEUTICS I (TPTX) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for TURNING POINT THERAPEUTICS I?
TURNING POINT THERAPEUTICS I (TPTX) has a support level at 75.3 and a resistance level at 76.02. Check the full technical report for our detailed analysis of TPTX support and resistance levels.