TYRA BIOSCIENCES INC (TYRA) Stock Technical Analysis
NASDAQ:TYRA • US90240B1061
Taking everything into account, TYRA scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, TYRA has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- When comparing the yearly performance of all stocks, we notice that TYRA is one of the better performing stocks in the market, outperforming 97% of all stocks. We also observe that the gains produced by TYRA over the past year are nicely spread over this period.
- TYRA is part of the Biotechnology industry. There are 520 other stocks in this industry. TYRA outperforms 92% of them.
- TYRA is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so TYRA is performing more or less in line with the market.
- TYRA is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
TYRA has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 33.00, a Stop Loss order could be placed below this zone.
More info and screens
19.76
When analyzing the support we can see 4 important areas.
- A support zone ranging from 32.51 to 33.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @30.24 from a trend line in the daily time frame.
- A support zone ranging from 29.52 to 29.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @19.96 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 | UP | POSITIVE | The long term trend for TYRA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TYRA is neutral. |
| ChartMill Relative Strength | 97.79 | POSITIVE | TYRA has a high relative strength, it outperformed 97.79% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TYRA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TYRA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TYRA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.06 | NEUTRAL | The RSI value for TYRA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests TYRA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 74.48 | NEUTRAL | The Stochastics value for TYRA is a neutral value. |
| Average True Range in percent/ATR (20) | 7.52 | HIGH VOLATILITY | The high ATR as a percentage value for TYRA suggests high volalility. |
| Average Directional Index/ADX (14) | 23.32 | NEUTRAL | The ADX value for TYRA suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 35.72 | 32.50 | 3.22 (9.01%) | 11.09% |
| An entry @35.72. This is a Buy Stop order right above the 10 day high. | An exit @32.50. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.22 points, which is 9.01%. | For a 1.00% total portfolio risk, you can invest 11.09% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of TYRA. 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.
33.01
+0.49 (+1.51%)
TYRA BIOSCIENCES INC / TYRA FAQ
What is the technical rating for TYRA stock?
ChartMill assigns a technical rating of 10 / 10 to TYRA.
Can you provide the trend direction for TYRA BIOSCIENCES INC?
The current trend direction for TYRA BIOSCIENCES INC (TYRA) is Bullish.
What is the RSI signal for TYRA BIOSCIENCES INC (TYRA) stock?
TYRA BIOSCIENCES INC (TYRA) has an RSI value of 59.0591. This indicates that the stock is currently neutral.
What is the MACD signal for TYRA stock?
The MACD indicator for TYRA BIOSCIENCES INC (TYRA) has a value of 0.0833499, indicating a bearish trend.