TAYSHA GENE THERAPIES INC (TSHA) Stock Technical Analysis
NASDAQ:TSHA - Nasdaq - US8776191061 - Common Stock - Currency: USD
Overall TSHA gets a technical rating of 6 out of 10. TSHA has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
In the last month TSHA has a been trading in the 2.44 - 3.24 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
TSHA is part of the Biotechnology industry. There are 559 other stocks in this industry. TSHA outperforms 75% of them.
TSHA has an average volume of 3816420 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, TSHA outperforms 61% of them, which is more or less in line with the market.
TSHA is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so TSHA is lagging the market slightly.
Although the technical rating is only medium, TSHA does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 2.85. Right above this resistance zone may be a good entry point.
More info and screens
2.51
2.92
We found 1 important resistance area.
- A resistance zone ranging from 2.85 to 2.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The short term trend for TSHA is neutral. |
| ChartMill Relative Strength | 61.92 | NEUTRAL | TSHA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TSHA is below a declining 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) | 49.51 | NEUTRAL | The RSI value for TSHA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests TSHA has a negative trend. |
| Stochastics (14,3) | 28.13 | NEUTRAL | The Stochastics value for TSHA is a neutral value. |
| Average True Range in percent/ATR (20) | 9.71 | HIGH VOLATILITY | The high ATR as a percentage value for TSHA suggests high volalility. |
| Average Directional Index/ADX (14) | 36.66 | POSITIVE | The high ADX value value for TSHA suggests a strong 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 2.74 | 2.48 | 0.26 (9.64%) | 10.38% |
| An entry @2.74. This is a Buy Stop order right above the 10 day moving average. | An exit @2.48. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.26 points, which is 9.64%. | When investing 10.38% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of TSHA. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
2.54
-0.11 (-4.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-4.15%
1 Week-10.56%
2 Weeks-6.27%
1 Month-0.78%
3 Month47.67%
6 Month22.71%
12 Month-36.02%
2 Year284.27%
3 Year-31.72%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.24
ATR(20)%9.71%
ATR Inc-33.72%
Range Today0.15
ADR(20)0.23
ADR(20)%9.24%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS61.92
Mansfield1.94
10 Day High3.08
10 Day Low2.49
20 Day High3.24
20 Day Low2.44
52 Week High4.07
52 Week Low1.05
CS1 EndN/A
CR1 Start2.85
Volume & EV
DER(3)2.47%
DER(5)-4.33%
Volume2.46M
Volume Incr-24.58%
Vol(5)3.81M
Vol(50)3.82M