TG THERAPEUTICS INC (TGTX) Stock Technical Analysis
USA - NASDAQ:TGTX - US88322Q1085 - Common Stock
32.37 USD
-0.24 (-0.74%)
32.37 USD
0 (0%)
Overall TGTX gets a technical rating of 4 out of 10. TGTX has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month TGTX has a been trading in the 28.19 - 33.40 range, which is quite wide. It is currently trading near the high of this range.
TGTX has an average volume of 2317750 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, TGTX outperforms 63% of them, which is more or less in line with the market.
TGTX is an average performer in the Biotechnology industry, it outperforms 62% of 540 stocks in the same industry.
TGTX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TGTX is lagging the market.
Although the technical rating is only medium, TGTX does present a nice setup opportunity. 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 32.62. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 32.36, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for TGTX 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
27.62
40.46
2 important support areas can be observed.
- A support zone ranging from 31.74 to 32.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @27.90 from a trend line in the weekly time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 32.62 to 32.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 33.39 to 33.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @37.74 from a trend line in the daily time frame.
- Resistance @40.06 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 | NEUTRAL | NEUTRAL | The long term trend for TGTX is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TGTX is up. |
| ChartMill Relative Strength | 63.14 | NEUTRAL | TGTX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TGTX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of TGTX is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TGTX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.77 | NEUTRAL | The RSI value for TGTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.26 | POSITIVE | The MACD value suggests TGTX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 77.64 | NEUTRAL | The Stochastics value for TGTX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.44 | MEDIUM VOLATILITY | The ATR as a percentage value for TGTX suggests some volalility. |
| Average Directional Index/ADX (14) | 31.17 | POSITIVE | The high ADX value value for TGTX 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)
32.37
-0.24 (-0.74%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-0.74%
1 Week0.59%
2 Weeks0.43%
1 Month12.44%
3 Month-10.19%
6 Month-24.75%
12 Month31.24%
2 Year286.96%
3 Year446.45%
5 Year20.89%
10 Year220.93%
15 YearN/A
Volatility
ATR(14)1.21
ATR(20)%3.44%
ATR Inc-39.04%
Range Today0.67
ADR(20)1.07
ADR(20)%3.3%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS63.14
Mansfield-1.25
10 Day High33.33
10 Day Low31.05
20 Day High33.4
20 Day Low28.19
52 Week High46.48
52 Week Low21.16
CS1 End32.36
CR1 Start32.62
Volume & EV
DER(3)2.42%
DER(5)3.37%
Volume3.20M
Volume Incr4.01%
Vol(5)2.16M
Vol(50)2.32M