TEVOGEN BIO HOLDINGS INC (TVGN) Stock Technical Analysis
NASDAQ:TVGN - Nasdaq - US88165K1016 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to TVGN. TVGN has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
TVGN is part of the Biotechnology industry. There are 561 other stocks in this industry. TVGN outperforms 89% of them.
In the last month TVGN has a been trading in the 0.92 - 1.40 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that TVGN is one of the better performing stocks in the market, outperforming 91% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
TVGN 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 TVGN is lagging the market slightly.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although TVGN has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
0.94
1.66
2 important support areas can be observed.
- Support @1.00 from a horizontal line in the weekly time frame.
- Support @0.95 from a trend line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @1.40 from a trend line in the daily time frame.
- Resistance @1.64 from a horizontal 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 | NEUTRAL | NEUTRAL | The long term trend for TVGN is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TVGN is up. |
| ChartMill Relative Strength | 91.54 | POSITIVE | TVGN has a high relative strength, it outperformed 91.54% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TVGN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TVGN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TVGN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 67.89 | NEUTRAL | The RSI value for TVGN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests TVGN has a positive trend. |
| Stochastics (14,3) | 82.29 | OVERBOUGHT | The high Stochastics value suggests TVGN may be overbought. |
| Average True Range in percent/ATR (20) | 6.82 | HIGH VOLATILITY | The high ATR as a percentage value for TVGN suggests high volalility. |
| Average Directional Index/ADX (14) | 26.93 | POSITIVE | The high ADX value value for TVGN 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)
1.31
+0.08 (+6.5%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg6.5%
1 Week15.93%
2 Weeks20.18%
1 Month32.03%
3 Month-7.42%
6 Month-12.67%
12 Month59.76%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.08
ATR(20)%6.82%
ATR Inc131.88%
Range Today0.21
ADR(20)0.09
ADR(20)%6.64%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.54
Mansfield2.32
10 Day High1.4
10 Day Low1.08
20 Day High1.4
20 Day Low0.92
52 Week High3.09
52 Week Low0.26
CS1 End1
CR1 Start1.4
Volume & EV
DER(3)1.86%
DER(5)7.04%
Volume1.38M
Volume Incr-64.69%
Vol(5)579.18K
Vol(50)959.02K