TURNSTONE BIOLOGICS CORP (TSBX) Stock Technical Analysis
NASDAQ:TSBX - Nasdaq - US90042W1009 - Common Stock - Currency: USD
We assign a technical rating of 3 out of 10 to TSBX. In the past year, TSBX 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.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, TSBX is a bad performer in the overall market: 96% of all stocks are doing better.
TSBX is part of the Biotechnology industry. There are 558 other stocks in this industry, of which 76% are performing better than TSBX.
TSBX is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month TSBX has a been trading in the 0.33 - 0.39 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, TSBX does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 0.36. Right above this resistance zone may be a good entry point.
More info and screens
0.31
0.39
We found 4 important support areas.
- Support @0.36 from a trend line in the daily time frame.
- A support zone ranging from 0.35 to 0.35. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @0.33 from a horizontal line in the weekly time frame.
- A support zone ranging from 0.31 to 0.31. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 0.36 to 0.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.37 from a trend line in the daily time frame.
- A resistance zone ranging from 0.38 to 0.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @0.39 from a horizontal 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 TSBX is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TSBX is neutral. |
| ChartMill Relative Strength | 4.33 | NEGATIVE | TSBX has a low relative strength, it was outperformed by 95.67% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of TSBX is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TSBX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TSBX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.09 | NEUTRAL | The RSI value for TSBX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests TSBX has a negative trend. |
| Stochastics (14,3) | 57 | NEUTRAL | The Stochastics value for TSBX is a neutral value. |
| Average True Range in percent/ATR (20) | 4.99 | MEDIUM VOLATILITY | The ATR as a percentage value for TSBX suggests some volalility. |
| Average Directional Index/ADX (14) | 14.26 | NEGATIVE | The low ADX value for TSBX suggests a weak or negative 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)
0.3609
0 (-0.3%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-0.3%
1 Week-1.96%
2 Weeks-0.25%
1 Month1.86%
3 Month9.36%
6 Month-18.16%
12 Month-84.77%
2 Year-97.21%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.01
ATR(20)%4.99%
ATR Inc-9.89%
Range Today0.01
ADR(20)0.02
ADR(20)%4.79%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS4.33
Mansfield-4.23
10 Day High0.37
10 Day Low0.36
20 Day High0.39
20 Day Low0.33
52 Week High2.65
52 Week Low0.29
CS1 End0.36
CR1 Start0.36
Volume & EV
DER(3)-1.99%
DER(5)-10.49%
Volume140.70K
Volume Incr-74.8%
Vol(5)115.90K
Vol(50)464.40K