TRAVERE THERAPEUTICS INC (TVTX) Stock Technical Analysis
NASDAQ:TVTX • US89422G1076
We assign a technical rating of 3 out of 10 to TVTX. TVTX has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
- TVTX has an average volume of 2223190 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, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
- When comparing the performance of all stocks over the past year, TVTX turns out to be only a medium performer in the overall market: it outperformed 69% of all stocks.
- TVTX is part of the Biotechnology industry. There are 523 other stocks in this industry, TVTX did better than 63% 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.
- In the last month TVTX has a been trading in the 26.78 - 33.13 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, TVTX does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 30.15, a Stop Loss order could be placed below this zone.
More info and screens
19.25
When analyzing the support we can see 4 important areas.
- A support zone ranging from 29.68 to 30.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @28.82 from a trend line in the daily time frame.
- A support zone ranging from 27.87 to 27.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @19.44 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 30.80 to 31.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 33.10 to 33.35. This zone is formed by a combination of multiple trend lines and important moving averages 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 TVTX is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TVTX is down. |
| ChartMill Relative Strength | 69.41 | NEUTRAL | TVTX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TVTX is above the rising 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) | 46.13 | NEUTRAL | The RSI value for TVTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests TVTX has a positive trend. |
| Stochastics (14,3) | 39.07 | NEUTRAL | The Stochastics value for TVTX is a neutral value. |
| Average True Range in percent/ATR (20) | 4.98 | MEDIUM VOLATILITY | The ATR as a percentage value for TVTX suggests some volalility. |
| Average Directional Index/ADX (14) | 26.29 | POSITIVE | The high ADX value value for TVTX suggests a strong trend. |
30.6
+0.38 (+1.26%)
TRAVERE THERAPEUTICS INC / TVTX FAQ
What is the ChartMill technical rating of TRAVERE THERAPEUTICS INC (TVTX) stock?
ChartMill assigns a technical rating of 3 / 10 to TVTX.
What is the trend direction for TVTX stock?
The current trend direction for TRAVERE THERAPEUTICS INC (TVTX) is Bullish.
What is the RSI signal for TRAVERE THERAPEUTICS INC (TVTX) stock?
TRAVERE THERAPEUTICS INC (TVTX) has an RSI value of 46.126. This indicates that the stock is currently neutral.
What is the buy/sell signal for TVTX stock?
The buy/sell signal for TRAVERE THERAPEUTICS INC (TVTX) is hold as the short term and long term trends are mixed.
What is the support and resistance level for TVTX stock?
TRAVERE THERAPEUTICS INC (TVTX) has a support level at 30.15 and a resistance level at 30.8. Check the full technical report for our detailed analysis of TVTX support and resistance levels.