TRAVERE THERAPEUTICS INC (TVTX) Technical Analysis
NASDAQ:TVTX • US89422G1076
We assign a technical rating of 1 out of 10 to TVTX. TVTX has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- In the last month TVTX has a been trading in the 27.01 - 32.72 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.
- TVTX has an average volume of 2191610 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- Looking at the yearly performance, TVTX did better than 74% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- TVTX is part of the Biotechnology industry. There are 520 other stocks in this industry, TVTX did better than 61% of them.
- TVTX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TVTX is lagging the market.
TVTX has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 27.30, a Stop Loss order could be placed below this zone.
More info and screens
19.69
2 important support areas can be observed.
- A support zone ranging from 27.30 to 27.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @19.89 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 29.23 to 29.41. 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 30.39 to 30.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 TVTX is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TVTX is down. |
| ChartMill Relative Strength | 74.83 | POSITIVE | TVTX has a high relative strength, it outperformed 74.83% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TVTX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TVTX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TVTX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 37.15 | NEUTRAL | The RSI value for TVTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests TVTX has a negative trend. |
| Stochastics (14,3) | 20.31 | NEUTRAL | The Stochastics value for TVTX is a neutral value. |
| Average True Range in percent/ATR (20) | 6.17 | HIGH VOLATILITY | The high ATR as a percentage value for TVTX suggests high volalility. |
| Average Directional Index/ADX (14) | 25.06 | POSITIVE | The high ADX value value for TVTX suggests a strong trend. |
TVTX Technicals: Chart, Performance Metrics, Trend & Indicators
27.31
-0.87 (-3.09%)
TRAVERE THERAPEUTICS INC / TVTX FAQ
What is the ChartMill technical rating of TRAVERE THERAPEUTICS INC (TVTX) stock?
ChartMill assigns a technical rating of 1 / 10 to TVTX.
What is the trend direction for TVTX stock?
The current trend direction for TRAVERE THERAPEUTICS INC (TVTX) is Bearish.
What is the RSI signal for TRAVERE THERAPEUTICS INC (TVTX) stock?
TRAVERE THERAPEUTICS INC (TVTX) has an RSI value of 37.1544. This indicates that the stock is currently neutral.
What is the support and resistance level for TVTX stock?
TRAVERE THERAPEUTICS INC (TVTX) has a support level at 27.3 and a resistance level at 29.23. Check the full technical report for our detailed analysis of TVTX support and resistance levels.