T2 BIOSYSTEMS INC (TTOO)

US89853L3024 - Common Stock

2.78  +0.04 (+1.46%)

Technical Rating and Analysis

0

We assign a technical rating of 0 out of 10 to TTOO. TTOO'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.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
98% of all other stocks performed better in the past year than TTOO.
TTOO is one of the lesser performing stocks in the Biotechnology industry. 85% of 588 stocks in the same industry do better.
TTOO is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so TTOO is lagging the market.
In the last month TTOO has a been trading in the 2.60 - 3.40 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.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
Weekly and Daily overview Charts
TTOO Weekly chart
TTOO Daily chart
Setup Rating and Analysis

5

TTOO has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.

Support and Resistance Analysis

2.68

4.91

We found 1 important support area.

  • A support zone ranging from 2.71 to 2.77. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 3 important areas.

  • A resistance zone ranging from 2.94 to 2.95. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • A resistance zone ranging from 3.15 to 3.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @4.86 from a trend line in the daily time frame.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS2.34
Mansfield-8.01
10 Day High3.4
10 Day Low2.6
20 Day High3.4
20 Day Low2.6
52 Week High70
52 Week Low2.6
Performance
1 Week-8.36%
2 Weeks-13.02%
1 Month-10.16%
3 Month-35.07%
6 Month-50.09%
12 Month-91.7%
2 Year-99.85%
3 Year-99.96%
5 Year-99.98%
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.04
RSI(14)36.53
LBB2.67
UBB3.27
TTOO Daily chart

T2 BIOSYSTEMS INC

NASDAQ:TTOO (4/26/2024, 9:07:51 AM)

2.78

+0.04 (+1.46%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg1.46%
1 Week-8.36%
2 Weeks-13.02%
1 Month-10.16%
3 Month-35.07%
6 Month-50.09%
12 Month-91.7%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.33
ATR(20)%11.06%
ATR Inc
Range Today0.02
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High3.4
10 Day Low2.6
20 Day High3.4
20 Day Low2.6
52 Week High70
52 Week Low2.6
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume764
Volume Incr232.94%
Vol(5)599.98K
Vol(50)227.65K