TSHA Technical Analysis - TAYSHA GENE THERAPIES INC

Technical Rating and Analysis

Taking everything into account, TSHA scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, TSHA is showing a nice and steady performance.

The long and short term trends are both positive. This is looking good!

Looking at the yearly performance, TSHA did better than 96% of all other stocks. We also observe that the gains produced by TSHA over the past year are nicely spread over this period.

TSHA is part of the Biotechnology industry. There are 536 other stocks in this industry. TSHA outperforms 92% of them.

A new 52 week high is currently being made by TSHA, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.

In the last month TSHA has a been trading in the 2.71 - 4.92 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, which is what you like to see during a strong movement up.

TSHA has an average volume of 5883200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

TAYSHA GENE THERAPIES INC / TSHA Weekly stock chart

TAYSHA GENE THERAPIES INC / TSHA Daily stock chart

Setup Rating and Analysis

Although TSHA has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

2.81

4.93

When analyzing the support we can see 2 important areas.

A support zone ranging from 2.97 to 2.98. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Support @2.84 from a horizontal line in the daily time frame.

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What is Support and Resistance

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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	UP	POSITIVE	The long term trend for TSHA is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for TSHA is up.
ChartMill Relative Strength	96.92	POSITIVE	TSHA has a high relative strength, it outperformed 96.92% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of TSHA is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of TSHA is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of TSHA is above the rising SMA(200).
Relative Strength Index/RSI (14)	80.72	OVERBOUGHT	The high RSI value suggests TSHA may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.12	POSITIVE	The MACD value suggests TSHA has a positive trend.
Stochastics (14,3)	88.38	OVERBOUGHT	The high Stochastics value suggests TSHA may be overbought.
Average True Range in percent/ATR (20)	5.31	HIGH VOLATILITY	The high ATR as a percentage value for TSHA suggests high volalility.
Average Directional Index/ADX (14)	22.45	NEUTRAL	The ADX value for TSHA suggests a possible start of a new trend.