TURNSTONE BIOLOGICS CORP (TSBX) Stock Technical Analysis
NASDAQ:TSBX - Nasdaq - US90042W1009 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to TSBX. TSBX's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
97% of all other stocks performed better in the past year than TSBX.
TSBX is one of the lesser performing stocks in the Biotechnology industry. 79% of 558 stocks in the same industry do better.
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 0.29 - 0.39 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days.
TSBX has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
0.31
0.42
When analyzing the support we can see 3 important areas.
- Support @0.33 from a horizontal line in the weekly time frame.
- Support @0.32 from a horizontal line in the weekly time frame.
- Support @0.31 from a horizontal line in the daily time frame.
4 important resistance areas can be observed.
- 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.
- Resistance @0.42 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 TSBX is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TSBX is neutral. |
| ChartMill Relative Strength | 3.55 | NEGATIVE | TSBX has a low relative strength, it was outperformed by 96.45% 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) | DOWN | MIXED | The current price of TSBX is above a declining 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) | 49.83 | 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) | 34.33 | NEUTRAL | The Stochastics value for TSBX is a neutral value. |
| Average True Range in percent/ATR (20) | 9.82 | HIGH VOLATILITY | The high ATR as a percentage value for TSBX suggests high volalility. |
| Average Directional Index/ADX (14) | 24.28 | NEUTRAL | The ADX value for TSBX suggests a possible start of a new 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)
0.3527
+0.02 (+6.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg6.14%
1 Week-5.87%
2 Weeks-1.12%
1 Month9.13%
3 Month-14.18%
6 Month-30.26%
12 Month-86.54%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.03
ATR(20)%9.82%
ATR Inc32.16%
Range Today0.03
ADR(20)0.03
ADR(20)%9.6%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS3.55
Mansfield-5.25
10 Day High0.39
10 Day Low0.33
20 Day High0.39
20 Day Low0.29
52 Week High2.75
52 Week Low0.29
CS1 End0.33
CR1 Start0.37
Volume & EV
DER(3)-26.36%
DER(5)-21.48%
Volume5.14M
Volume Incr81.79%
Vol(5)1.12M
Vol(50)407.12K