TVGN Technical Analysis - TEVOGEN BIO HOLDINGS INC

Technical Rating and Analysis

Taking everything into account, TVGN scores 0 out of 10 in our technical rating. TVGN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

97% of all other stocks performed better in the past year than TVGN.

TVGN is part of the Biotechnology industry. There are 536 other stocks in this industry, of which 84% are performing better than TVGN.

TVGN is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

In the last month TVGN has a been trading in the 0.64 - 0.87 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

TEVOGEN BIO HOLDINGS INC / TVGN Weekly stock chart

TEVOGEN BIO HOLDINGS INC / TVGN Daily stock chart

Setup Rating and Analysis

TVGN 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. We notice that large players showed an interest for TVGN 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.65

1.26

When analyzing the support we notice one important area.

Support @0.66 from a horizontal line in the weekly time frame.

3 important resistance areas can be observed.

A resistance zone ranging from 0.76 to 0.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @1.18 from a trend line in the daily time frame.
Resistance @1.25 from a trend line in the weekly time frame.

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Technical Indicator Signal Analysis

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	DOWN	NEGATIVE	The long term trend for TVGN is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for TVGN is down.
ChartMill Relative Strength	3.22	NEGATIVE	TVGN has a low relative strength, it was outperformed by 96.78% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of TVGN is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of TVGN is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of TVGN is below a declining SMA(200).
Relative Strength Index/RSI (14)	46.12	NEUTRAL	The RSI value for TVGN is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	POSITIVE	The MACD value suggests TVGN has a positive trend.
Stochastics (14,3)	41.95	NEUTRAL	The Stochastics value for TVGN is a neutral value.
Average True Range in percent/ATR (20)	7.04	HIGH VOLATILITY	The high ATR as a percentage value for TVGN suggests high volalility.
Average Directional Index/ADX (14)	13.3	NEGATIVE	The low ADX value for TVGN suggests a weak or negative trend.