TRACON PHARMACEUTICALS INC (TCON) Stock Technical Analysis
NASDAQ:TCON - Nasdaq - US89237H3084 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to TCON. TCON scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, TCON is a bad performer in the overall market: 100% of all stocks are doing better.
TCON is one of the lesser performing stocks in the Biotechnology industry. 90% of 571 stocks in the same industry do better.
TCON is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month TCON has a been trading in the 0.66 - 1.77 range, which is quite wide. It is currently trading near the high of this range.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
TCON has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
1.22
1.52
When analyzing the support we notice one important area.
- A support zone ranging from 1.23 to 1.23. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
We found 1 important resistance area.
- Resistance @1.50 from a horizontal line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0.75
Mansfield-6.85
10 Day High1.77
10 Day Low0.85
20 Day High1.77
20 Day Low0.66
52 Week High14.75
52 Week Low0.66
Performance
1 Week16.26%
2 Weeks43.01%
1 Month-5.3%
3 Month-83.36%
6 Month-59.17%
12 Month-75.43%
2 Year-96.42%
3 Year-98.9%
5 Year-98.95%
10 YearN/A
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)0.08
RSI(14)49.8
LBB0.92
UBB1.55
1.43
-0.02 (-1.38%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-1.38%
1 Week16.26%
2 Weeks43.01%
1 Month-5.3%
3 Month-83.36%
6 Month-59.17%
12 Month-75.43%
2 Year-96.42%
3 Year-98.9%
5 Year-98.95%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.21
ATR(20)%13.18%
ATR Inc34.6%
Range Today0.36
ADR(20)0.18
ADR(20)%12.83%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0.75
Mansfield-6.85
10 Day High1.77
10 Day Low0.85
20 Day High1.77
20 Day Low0.66
52 Week High14.75
52 Week Low0.66
CS1 End1.23
CR1 Start1.5
Volume & EV
DER(3)5.81%
DER(5)-5.27%
Volume507.00K
Volume Incr13.5%
Vol(5)210.68K
Vol(50)216.47K