TRAVERE THERAPEUTICS INC (TVTX) Stock Technical Analysis
NASDAQ:TVTX - Nasdaq - US89422G1076 - Common Stock - Currency: USD
We assign a technical rating of 3 out of 10 to TVTX. Although TVTX is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
In the last month TVTX has a been trading in the 13.88 - 16.62 range, which is quite wide. It is currently trading near the lows of this range.
TVTX is one of the better performing stocks in the Biotechnology industry, it outperforms 87% of 557 stocks in the same industry.
TVTX has an average volume of 1748070 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, TVTX did better than 91% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
TVTX 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 TVTX is lagging the market slightly.
Although the technical rating is bad, TVTX does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
13.35
21.50
When analyzing the support we can see 2 important areas.
- Support @14.30 from a horizontal line in the weekly time frame.
- A support zone ranging from 13.48 to 13.65. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 15.33 to 15.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @20.03 from a trend line in the weekly time frame.
- Resistance @20.58 from a trend line in the daily time frame.
- Resistance @21.29 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 | DOWN | NEGATIVE | The long term trend for TVTX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TVTX is down. |
| ChartMill Relative Strength | 91.01 | POSITIVE | TVTX has a high relative strength, it outperformed 91.01% 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) | UP | MIXED | The current price of TVTX is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of TVTX is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 38.47 | NEUTRAL | The RSI value for TVTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests TVTX has a positive trend. |
| Stochastics (14,3) | 19.72 | OVERSOLD | The low Stochastics value suggests TVTX may be oversold. |
| Average True Range in percent/ATR (20) | 5.04 | HIGH VOLATILITY | The high ATR as a percentage value for TVTX suggests high volalility. |
| Average Directional Index/ADX (14) | 34.28 | POSITIVE | The high ADX value value for TVTX 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)
14.31
-0.1 (-0.69%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-0.69%
1 Week-4.22%
2 Weeks-2.79%
1 Month-13.8%
3 Month-30.3%
6 Month-16.71%
12 Month95.76%
2 Year-6.84%
3 Year-40.94%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.71
ATR(20)%5.04%
ATR Inc-16.62%
Range Today0.56
ADR(20)0.71
ADR(20)%4.98%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.01
Mansfield-1.32
10 Day High15.51
10 Day Low13.88
20 Day High16.62
20 Day Low13.88
52 Week High25.29
52 Week Low7.36
CS1 End14.3
CR1 Start15.33
Volume & EV
DER(3)0.62%
DER(5)0.84%
Volume1.33M
Volume Incr-15.96%
Vol(5)1.57M
Vol(50)1.75M