TURN THERAPEUTICS INC (TTRX) Technical Analysis
NASDAQ:TTRX • US90021W1053
We assign a technical rating of 2 out of 10 to TTRX. TTRX performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
- When comparing the yearly performance of all stocks, TTRX is a bad performer in the overall market: 100% of all stocks are doing better.
- TTRX is part of the Pharmaceuticals industry. There are 193 other stocks in this industry, of which 90% are performing better than TTRX.
- In the last month TTRX has a been trading in the 3.20 - 4.01 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 long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- Considerably lower volume is observed in the last couple of days.
TTRX 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.
More info and screens
3.16
When analyzing the support we can see 2 important areas.
- A support zone ranging from 3.36 to 3.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @3.19 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 3.59 to 3.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @3.85 from a horizontal line in the daily time frame.
- Resistance @4.83 from a trend line 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 TTRX is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TTRX is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | TTRX has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TTRX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of TTRX is below the rising SMA(50). |
| Relative Strength Index/RSI (14) | 41.44 | NEUTRAL | The RSI value for TTRX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests TTRX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 25.72 | NEUTRAL | The Stochastics value for TTRX is a neutral value. |
| Average True Range in percent/ATR (20) | 6.65 | HIGH VOLATILITY | The high ATR as a percentage value for TTRX suggests high volalility. |
| Average Directional Index/ADX (14) | 17.39 | NEGATIVE | The low ADX value for TTRX suggests a weak or negative trend. |
TTRX Technicals: Chart, Performance Metrics, Trend & Indicators
3.38
-0.04 (-1.02%)
TURN THERAPEUTICS INC / TTRX FAQ
What is the technical rating for TTRX stock?
ChartMill assigns a technical rating of 2 / 10 to TTRX.
What is the current trend direction of TURN THERAPEUTICS INC (TTRX) stock?
The current trend direction for TURN THERAPEUTICS INC (TTRX) is Bullish.
What is the RSI signal for TTRX stock?
TURN THERAPEUTICS INC (TTRX) has an RSI value of 41.4405. This indicates that the stock is currently neutral.
What is the short term momentum for TURN THERAPEUTICS INC (TTRX) stock?
The short term momentum for TURN THERAPEUTICS INC (TTRX) is negative.
What is the support and resistance level for TTRX stock?
TURN THERAPEUTICS INC (TTRX) has a support level at 3.37 and a resistance level at 3.59. Check the full technical report for our detailed analysis of TTRX support and resistance levels.