TITAN PHARMACEUTICALS INC (TTNP) Stock Technical Analysis
NASDAQ:TTNP - Nasdaq - US8883147055 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to TTNP. In the last year, TTNP was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
TTNP is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so TTNP is lagging the market.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month TTNP has a been trading in the 3.98 - 5.76 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.
When comparing the performance of all stocks over the past year, TTNP turns out to be only a medium performer in the overall market: it outperformed 51% of all stocks.
TTNP is an average performer in the Pharmaceuticals industry, it outperforms 66% of 195 stocks in the same industry.
Volume is considerably higher in the last couple of days.
Although the technical rating is only medium, TTNP does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. We notice that large players showed an interest for TTNP 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
3.20
5.36
When analyzing the support we can see 5 important areas.
- A support zone ranging from 4.34 to 4.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3.86 from a trend line in the daily time frame.
- Support @3.69 from a trend line in the daily time frame.
- Support @3.50 from a horizontal line in the daily time frame.
- Support @3.23 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- Resistance @4.81 from a trend line in the weekly time frame.
- Resistance @5.10 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 5.23 to 5.31. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The long term trend for TTNP is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TTNP is up. |
| ChartMill Relative Strength | 51.83 | NEUTRAL | TTNP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TTNP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TTNP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of TTNP is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.36 | NEUTRAL | The RSI value for TTNP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests TTNP has a negative trend. |
| Stochastics (14,3) | 62.34 | NEUTRAL | The Stochastics value for TTNP is a neutral value. |
| Average True Range in percent/ATR (20) | 10.74 | HIGH VOLATILITY | The high ATR as a percentage value for TTNP suggests high volalility. |
| Average Directional Index/ADX (14) | 20 | NEUTRAL | The ADX value for TTNP 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)
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 |
|---|---|---|---|
| 4.82 | 4.33 | 0.49 (10.17%) | 9.84% |
| An entry @4.82. This is a Buy Stop order right above the resistance zone. | An exit @4.33. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.49 points, which is 10.17%. | For a 1.00% total portfolio risk, you can invest 9.84% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of TTNP. 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.
4.65
-0.26 (-5.32%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-5.32%
1 Week1.09%
2 Weeks1.31%
1 Month-12.26%
3 Month36.36%
6 Month24%
12 Month-32.49%
2 Year-64.02%
3 Year-58.39%
5 Year-97.47%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.44
ATR(20)%10.74%
ATR Inc3.43%
Range Today0.42
ADR(20)0.49
ADR(20)%10.56%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS51.83
Mansfield-0.26
10 Day High5.12
10 Day Low4.16
20 Day High5.76
20 Day Low3.98
52 Week High14.8
52 Week Low3.03
CS1 End4.36
CR1 Start4.81
Volume & EV
DER(3)15.6%
DER(5)15.54%
Volume77.60K
Volume Incr123.24%
Vol(5)134.58K
Vol(50)42.85K