10X GENOMICS INC-CLASS A (TXG) Stock Technical Analysis
USA - NASDAQ:TXG - US88025U1097 - Common Stock
We assign a technical rating of 2 out of 10 to TXG. TXG's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, TXG does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 13.77. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 11.94, a Stop Loss order could be placed below this zone.
More info and screens
11.22
2 important support areas can be observed.
- A support zone ranging from 11.91 to 11.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 11.33 to 11.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 13.77 to 13.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @15.08 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 | NEUTRAL | NEUTRAL | The long term trend for TXG is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TXG is neutral. |
| ChartMill Relative Strength | 15.47 | NEGATIVE | TXG has a low relative strength, it was outperformed by 84.53% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of TXG is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TXG is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of TXG is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.1 | NEUTRAL | The RSI value for TXG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests TXG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 62.35 | NEUTRAL | The Stochastics value for TXG is a neutral value. |
| Average True Range in percent/ATR (20) | 5.86 | HIGH VOLATILITY | The high ATR as a percentage value for TXG suggests high volalility. |
| Average Directional Index/ADX (14) | 13.13 | NEGATIVE | The low ADX value for TXG suggests a weak or negative trend. |
12.44
-0.46 (-3.57%)
10X GENOMICS INC-CLASS A / TXG FAQ
Can you provide the ChartMill technical rating for 10X GENOMICS INC-CLASS A?
ChartMill assigns a technical rating of 2 / 10 to TXG.
What is the trend direction for TXG stock?
The current trend direction for 10X GENOMICS INC-CLASS A (TXG) is Bearish.
Can you provide the RSI signal for 10X GENOMICS INC-CLASS A?
10X GENOMICS INC-CLASS A (TXG) has an RSI value of 48.0986. This indicates that the stock is currently neutral.
What is the support and resistance level for TXG stock?
10X GENOMICS INC-CLASS A (TXG) has a support level at 11.94 and a resistance level at 13.77. Check the full technical report for our detailed analysis of TXG support and resistance levels.