TRAVERE THERAPEUTICS INC (TVTX) Stock Technical Analysis
NASDAQ:TVTX - US89422G1076 - Common Stock
18.15 USD
+0.65 (+3.71%)
18.49 USD
+0.34 (+1.87%)
Taking everything into account, TVTX scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, TVTX is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
TVTX is part of the Biotechnology industry. There are 542 other stocks in this industry. TVTX outperforms 83% of them.
TVTX has an average volume of 1488710 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that TVTX is one of the better performing stocks in the market, outperforming 89% of all 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 currently trading near new highs, so TVTX is lagging the market.
In the last month TVTX has a been trading in the 15.60 - 19.57 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
TVTX has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
14.36
19.01
When analyzing the support we can see 4 important areas.
- A support zone ranging from 17.00 to 17.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 16.34 to 16.42. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @15.97 from a trend line in the weekly time frame.
- Support @14.50 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- Resistance @18.27 from a trend line in the weekly time frame.
- A resistance zone ranging from 18.80 to 18.82. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for TVTX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TVTX is up. |
| ChartMill Relative Strength | 89.7 | POSITIVE | TVTX has a high relative strength, it outperformed 89.7% off all stocks 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) | UP | POSITIVE | The current price of TVTX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of TVTX is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.06 | NEUTRAL | The RSI value for TVTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests TVTX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 30.01 | NEUTRAL | The Stochastics value for TVTX is a neutral value. |
| Average True Range in percent/ATR (20) | 5.02 | HIGH VOLATILITY | The high ATR as a percentage value for TVTX suggests high volalility. |
| Average Directional Index/ADX (14) | 20.51 | NEUTRAL | The ADX value for TVTX suggests a possible start of a new 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)
18.15
+0.65 (+3.71%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg3.71%
1 Week5.34%
2 Weeks-3.3%
1 Month13.72%
3 Month18.47%
6 Month0.33%
12 Month65.3%
2 Year103.02%
3 Year-26.34%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.85
ATR(20)%5.02%
ATR Inc14.33%
Range Today1.35
ADR(20)0.9
ADR(20)%4.95%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.7
Mansfield-0.47
10 Day High19.57
10 Day Low17.05
20 Day High19.57
20 Day Low15.6
52 Week High25.29
52 Week Low11.5
CS1 End17.68
CR1 Start18.27
Volume & EV
DER(3)-0.14%
DER(5)1.55%
Volume2.15M
Volume Incr18.79%
Vol(5)1.88M
Vol(50)1.49M