Trovagene Inc (TROV) Stock Technical Analysis
NASDAQ:TROV - Nasdaq -
Taking everything into account, TROV scores 2 out of 10 in our technical rating. 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 has a poor technical rating and the quality of the setup is also not perfect 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
0.85
2.15
We found 1 important support area.
- Support @0.86 from a trend line in the daily time frame.
We can see 4 important resistance areas.
- 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.
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. |
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)
1.19
-0.01 (-0.83%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.83%
1 Week-4.03%
2 Weeks25.28%
1 Month47.08%
3 Month-34.97%
6 Month-30.41%
12 Month-62.34%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.14
ATR(20)%11.13%
ATR Inc-39.8%
Range Today0.03
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.33
Mansfield-2.66
10 Day High1.67
10 Day Low0.92
20 Day High1.67
20 Day Low0.79
52 Week High3.46
52 Week Low0.7
CS1 End0.86
CR1 Start1.26
Volume & EV
DER(3)-6.83%
DER(5)-7.01%
Volume166.40K
Volume Incr-74.01%
Vol(5)247.80K
Vol(50)501.83K