Trovagene Inc (TROV) Technical Analysis
NASDAQ:TROV
Current stock price
TROV Technical Rating and Analysis
We assign a technical rating of 2 out of 10 to TROV. In the past year, TROV was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- When comparing the yearly performance of all stocks, TROV is a bad performer in the overall market: 86% of all stocks are doing better.
- TROV is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so TROV is lagging the market.
- The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
- In the last month TROV has a been trading in the 0.79 - 1.67 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
TROV Weekly and Daily overview Charts
TROV Setup Rating and Analysis
TROV has a poor technical rating and the quality of the setup is also 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.
More info and screens
TROV Support and Resistance Analysis
0.85
When analyzing the support we notice one important area.
- Support @0.86 from a trend line in the daily time frame.
4 important resistance areas can be observed.
- Resistance @1.26 from a horizontal line in the daily time frame.
- Resistance @1.57 from a trend line in the weekly time frame.
- A resistance zone ranging from 1.78 to 1.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.13 from a trend line in the daily time frame.
TROV 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 | DOWN | NEGATIVE | The long term trend for TROV is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TROV is up. |
| ChartMill Relative Strength | 14.33 | NEGATIVE | TROV has a low relative strength, it was outperformed by 85.67% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TROV is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of TROV is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TROV is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.87 | NEUTRAL | The RSI value for TROV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests TROV has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 44.59 | NEUTRAL | The Stochastics value for TROV is a neutral value. |
| Average True Range in percent/ATR (20) | 11.13 | HIGH VOLATILITY | The high ATR as a percentage value for TROV suggests high volalility. |
TROV Chart- and CandleStick Pattern Analysis
TROV Technicals: Chart, Performance Metrics, Trend & Indicators
1.19
-0.01 (-0.83%)
Trovagene Inc / TROV TA FAQ
Can you provide the ChartMill technical rating for Trovagene Inc?
ChartMill assigns a technical rating of 2 / 10 to TROV.
What is the current trend direction of Trovagene Inc (TROV) stock?
The current trend direction for Trovagene Inc (TROV) is Bearish.
What is the RSI signal for TROV stock?
Trovagene Inc (TROV) has an RSI value of 57.8653. This indicates that the stock is currently neutral.
What is the short term momentum for TROV stock?
The short term momentum for Trovagene Inc (TROV) is positive.
What is the buy/sell signal for Trovagene Inc (TROV) stock?
The buy/sell signal for Trovagene Inc (TROV) is hold as the short term and long term trends are mixed.