MIRATI THERAPEUTICS INC (MRTX)

US60468T1051 - Common Stock

58.7  -0.1 (-0.17%)

After market: 58.99 +0.29 (+0.49%)

Technical Rating and Analysis

6

Overall MRTX gets a technical rating of 6 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, MRTX is only an average performer.

Both the short term and long term trends are positive. This is a very positive sign.
MRTX is one of the better performing stocks in the Biotechnology industry, it outperforms 74% of 565 stocks in the same industry.
MRTX is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MRTX is lagging the market slightly.
MRTX has an average volume of 1883950 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, MRTX turns out to be only a medium performer in the overall market: it outperformed 69% of all stocks.
In the last month MRTX has a been trading in a tight range between 58.54 and 59.46.
Volume is considerably higher in the last couple of days.
Weekly and Daily overview Charts
MRTX Weekly chart
MRTX Daily chart
Setup Rating and Analysis

6

MRTX has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 58.69, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

54.66

60.81

We found 2 important support areas.

  • A support zone ranging from 58.69 to 58.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @55.21 from a horizontal line in the daily time frame.

We can see 2 important resistance areas.

  • A resistance zone ranging from 58.94 to 59.10. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • Resistance @60.21 from a horizontal line in the weekly time frame.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS69.11
Mansfield1.55
10 Day High59.46
10 Day Low58.54
20 Day High59.46
20 Day Low58.54
52 Week High64.41
52 Week Low27.3
Performance
1 Week-0.98%
2 Weeks-0.68%
1 Month-0.44%
3 Month6.01%
6 Month98.04%
12 Month10.57%
2 Year-50.8%
3 Year-71.41%
5 Year-11.17%
10 Year181.94%
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-0.15
RSI(14)56.14
LBB58.66
UBB59.25
Example Setup

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.

ENTRYEXITDISTANCECAPITAL
59.1158.680.43 (0.73%)25.00%
An entry @59.11. This is a Buy Stop order right above the resistance zone.An exit @58.68. This is a Stop Loss order right below the support zone.The trade has a worst case loss of 0.43 points, which is 0.73%.For a 0.18% total portfolio risk, you can invest 25.00% of your capital in this trade.

  • The distance between exit and entry is rather small compared to the average daily movement of MRTX. 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.
MRTX Daily chart

MIRATI THERAPEUTICS INC

NASDAQ:MRTX (1/22/2024, 8:00:02 PM)

After market: 58.99 +0.29 (+0.49%)

58.7

-0.1 (-0.17%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-0.17%
1 Week-0.98%
2 Weeks-0.68%
1 Month-0.44%
3 Month6.01%
6 Month98.04%
12 Month10.57%
2 Year-50.8%
3 Year-71.41%
5 Year-11.17%
10 Year181.94%
15 YearN/A
Volatility
ATR(14)0.39
ATR(20)%0.63%
ATR Inc30.23%
Range Today0.45
ADR(20)0.37
ADR(20)%0.63%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS69.11
Mansfield1.55
10 Day High59.46
10 Day Low58.54
20 Day High59.46
20 Day Low58.54
52 Week High64.41
52 Week Low27.3
CS1 End58.69
CR1 Start58.94
Volume & EV
DER(3)0.83%
DER(5)-0.65%
Volume20.99M
Volume Incr292.61%
Vol(5)5.72M
Vol(50)1.88M