10X GENOMICS INC-CLASS A (TXG) Stock Technical Analysis
NASDAQ:TXG - Nasdaq - US88025U1097 - Common Stock - Currency: USD
Taking everything into account, TXG scores 3 out of 10 in our technical rating. In the past year, TXG was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, TXG is a bad performer in the overall market: 94% of all stocks are doing better.
TXG is one of the lesser performing stocks in the Life Sciences Tools & Services industry. 74% of 55 stocks in the same industry do better.
TXG is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so TXG is lagging the market.
TXG has an average volume of 3779430 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
In the last month TXG has a been trading in the 8.06 - 10.15 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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 9.49. Right above this resistance zone may be a good entry point.
More info and screens
8.02
10.37
3 important support areas can be observed.
- Support @9.34 from a trend line in the daily time frame.
- A support zone ranging from 8.46 to 8.57. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 8.10 to 8.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 9.49 to 9.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @10.27 from a trend 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 TXG is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TXG is up. |
| ChartMill Relative Strength | 6.94 | NEGATIVE | TXG has a low relative strength, it was outperformed by 93.06% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TXG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of TXG is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TXG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.72 | NEUTRAL | The RSI value for TXG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests TXG has a positive trend. |
| Stochastics (14,3) | 70.42 | NEUTRAL | The Stochastics value for TXG is a neutral value. |
| Average True Range in percent/ATR (20) | 6.7 | HIGH VOLATILITY | The high ATR as a percentage value for TXG suggests high volalility. |
| Average Directional Index/ADX (14) | 15.2 | NEGATIVE | The low ADX value for TXG suggests a weak or negative 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)
9.42
+0.31 (+3.4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryLife Sciences Tools & Services
Performance
% Chg3.4%
1 Week-1.15%
2 Weeks10.3%
1 Month9.15%
3 Month-19.49%
6 Month-40.64%
12 Month-56.93%
2 Year-83.13%
3 Year-79.18%
5 Year-89.45%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.55
ATR(20)%6.7%
ATR Inc36.1%
Range Today0.62
ADR(20)0.58
ADR(20)%6.11%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS6.94
Mansfield-4.04
10 Day High9.83
10 Day Low8.07
20 Day High10.15
20 Day Low8.07
52 Week High24.76
52 Week Low6.78
CS1 End9.34
CR1 Start9.49
Volume & EV
DER(3)1.13%
DER(5)-1.59%
Volume5.03M
Volume Incr18.13%
Vol(5)4.35M
Vol(50)3.78M