TG THERAPEUTICS INC (TGTX) Technical Analysis
NASDAQ:TGTX • US88322Q1085
Current stock price
TGTX Technical Rating and Analysis
Overall TGTX gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, TGTX is only an average performer.
- The long and short term trends are both positive. This is looking good!
- In the last month TGTX has a been trading in the 29.72 - 37.16 range, which is quite wide. It is currently trading near the high of this range.
- TGTX has an average volume of 1861930 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 42% of them, which is more or less in line with the market.
- TGTX is an average performer in the Biotechnology industry, it outperforms 45% of 516 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.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
TGTX Weekly and Daily overview Charts
TGTX Setup Rating and Analysis
Although TGTX has an excellent technical rating, it does not offer a high quality setup 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
TGTX Support and Resistance Analysis
26.13
When analyzing the support we can see 4 important areas.
- A support zone ranging from 33.38 to 33.69. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @28.75 from a trend line in the weekly time frame.
- Support @27.72 from a horizontal line in the daily time frame.
- Support @26.39 from a horizontal line in the daily time frame.
TGTX Technical Indicator Signal Analysis
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 TGTX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TGTX is up. |
| ChartMill Relative Strength | 42.46 | 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) | UP | POSITIVE | The current price of TGTX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TGTX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 73.89 | OVERBOUGHT | The high RSI value suggests TGTX may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.24 | POSITIVE | The MACD value suggests TGTX has a positive trend. |
| Stochastics (14,3) | 94.8 | OVERBOUGHT | The high Stochastics value suggests TGTX may be overbought. |
| Average True Range in percent/ATR (20) | 3.09 | MEDIUM VOLATILITY | The ATR as a percentage value for TGTX suggests some volalility. |
| Average Directional Index/ADX (14) | 48.05 | POSITIVE | The high ADX value value for TGTX suggests a strong trend. |
TGTX Chart- and CandleStick Pattern Analysis
TGTX Technicals: Chart, Performance Metrics, Trend & Indicators
36.28
-0.68 (-1.84%)
TG THERAPEUTICS INC / TGTX TA FAQ
What is the technical rating for TGTX stock?
ChartMill assigns a technical rating of 8 / 10 to TGTX.
What is the trend direction for TGTX stock?
The current trend direction for TG THERAPEUTICS INC (TGTX) is Bullish.
What is the RSI signal for TGTX stock?
TG THERAPEUTICS INC (TGTX) has an RSI value of 73.8938. This indicates that the stock is currently overbought.
What is the MACD signal for TG THERAPEUTICS INC (TGTX) stock?
The MACD indicator for TG THERAPEUTICS INC (TGTX) has a value of 0.243101, indicating a bearish trend.
What is the buy/sell signal for TG THERAPEUTICS INC (TGTX) stock?
The buy/sell signal for TG THERAPEUTICS INC (TGTX) is buy as both the short term and long term trends are positive.