TAYSHA GENE THERAPIES INC (TSHA) Technical Analysis
NASDAQ:TSHA • US8776191061
Taking everything into account, TSHA scores 6 out of 10 in our technical rating. TSHA was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
- In the last month TSHA has a been trading in the 4.30 - 5.07 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been consolidating recently, but much resistance may still be present above.
- Looking at the yearly performance, TSHA did better than 95% 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 one of the better performing stocks in the Biotechnology industry, it outperforms 85% of 519 stocks in the same industry.
- TSHA has an average volume of 2468870 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
- 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. Prices have been consolidating lately. There is a support zone below the current price at 4.50, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for TSHA in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
4.36
When analyzing the support we notice one important area.
- A support zone ranging from 4.40 to 4.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 4.63 to 4.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 4.85 to 4.90. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The long term trend for TSHA is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TSHA is down. |
| ChartMill Relative Strength | 95.36 | POSITIVE | TSHA has a high relative strength, it outperformed 95.36% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of TSHA is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TSHA is below a declining 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) | 46.59 | NEUTRAL | The RSI value for TSHA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests TSHA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 26.09 | NEUTRAL | The Stochastics value for TSHA is a neutral value. |
| Average True Range in percent/ATR (20) | 5.26 | HIGH VOLATILITY | The high ATR as a percentage value for TSHA suggests high volalility. |
| Average Directional Index/ADX (14) | 9.95 | NEGATIVE | The low ADX value for TSHA suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 4.72 | 4.39 | 0.33 (6.99%) | 14.30% |
| An entry @4.72. This is a Buy Stop order right above the resistance zone. | An exit @4.39. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.33 points, which is 6.99%. | When investing 14.30% 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.
TSHA Technicals: Chart, Performance Metrics, Trend & Indicators
4.57
+0.08 (+1.78%)
TAYSHA GENE THERAPIES INC / TSHA FAQ
What is the ChartMill technical rating of TAYSHA GENE THERAPIES INC (TSHA) stock?
ChartMill assigns a technical rating of 6 / 10 to TSHA.
Can you provide the trend direction for TAYSHA GENE THERAPIES INC?
The current trend direction for TAYSHA GENE THERAPIES INC (TSHA) is Bullish.
What is the RSI signal for TSHA stock?
TAYSHA GENE THERAPIES INC (TSHA) has an RSI value of 46.5927. This indicates that the stock is currently neutral.
Can you provide the MACD signal for TAYSHA GENE THERAPIES INC?
The MACD indicator for TAYSHA GENE THERAPIES INC (TSHA) has a value of -0.000152818, indicating a bearish trend.
Can you provide the buy/sell signal for TAYSHA GENE THERAPIES INC?
The buy/sell signal for TAYSHA GENE THERAPIES INC (TSHA) is hold as the short term and long term trends are mixed.