10X GENOMICS INC-CLASS A (TXG) Stock Technical Analysis
NASDAQ:TXG - US88025U1097 - Common Stock
14.01 USD
-0.27 (-1.89%)
14.19 USD
+0.18 (+1.28%)
Taking everything into account, TXG scores 8 out of 10 in our technical rating. Although TXG is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month TXG has a been trading in the 11.88 - 14.57 range, which is quite wide. It is currently trading near the high of this range.
TXG has an average volume of 3487460 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, TXG turns out to be only a medium performer in the overall market: it outperformed 46% of all stocks.
TXG is part of the Life Sciences Tools & Services industry. There are 55 other stocks in this industry, TXG did better than 62% of them.
TXG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TXG is lagging the market.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, TXG also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 14.31. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 13.48, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for TXG in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
12.16
15.23
2 important support areas can be observed.
- A support zone ranging from 13.40 to 13.48. 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 12.28 to 12.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 14.31 to 14.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @14.65 from a horizontal line in the daily time frame.
- 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 | UP | POSITIVE | The long term trend for TXG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TXG is up. |
| ChartMill Relative Strength | 46.91 | NEUTRAL | TXG is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of TXG is above the rising 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) | 57.66 | NEUTRAL | The RSI value for TXG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests TXG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.03 | OVERBOUGHT | The high Stochastics value suggests TXG may be overbought. |
| Average True Range in percent/ATR (20) | 5.56 | HIGH VOLATILITY | The high ATR as a percentage value for TXG suggests high volalility. |
| Average Directional Index/ADX (14) | 38.11 | POSITIVE | The high ADX value value for TXG 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 14.34 | 13.39 | 0.95 (6.62%) | 15.09% |
| An entry @14.34. This is a Buy Stop order right above the resistance zone. | An exit @13.39. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.95 points, which is 6.62%. | When investing 15.09% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of TXG. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
14.01
-0.27 (-1.89%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryLife Sciences Tools & Services
Performance
% Chg-1.89%
1 Week-2.03%
2 Weeks4.87%
1 Month7.11%
3 Month47.01%
6 Month31.06%
12 Month-40%
2 Year-72.98%
3 Year-57.53%
5 Year-87.78%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.67
ATR(20)%5.56%
ATR Inc-38.1%
Range Today0.46
ADR(20)0.77
ADR(20)%5.5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS46.91
Mansfield-0.4
10 Day High14.57
10 Day Low12.93
20 Day High14.57
20 Day Low11.88
52 Week High24.76
52 Week Low6.78
CS1 End13.48
CR1 Start14.31
Volume & EV
DER(3)2.58%
DER(5)3.58%
Volume1.57M
Volume Incr-48.93%
Vol(5)1.74M
Vol(50)3.49M