TG THERAPEUTICS INC (TGTX) Stock Technical Analysis
NASDAQ:TGTX - Nasdaq - US88322Q1085 - Common Stock - Currency: USD
Overall TGTX gets a technical rating of 9 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
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 TGTX is one of the better performing stocks in the market, outperforming 98% of all stocks. On top of that, TGTX also shows a nice and consistent pattern of rising prices.
TGTX is one of the better performing stocks in the Biotechnology industry, it outperforms 98% of 568 stocks in the same industry.
TGTX is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so TGTX slightly outperforms the market at the moment.
TGTX has an average volume of 2853290 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month TGTX has a been trading in the 31.00 - 43.32 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, TGTX also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 37.28, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
28.75
38.70
We found 4 important support areas.
- A support zone ranging from 35.52 to 37.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @32.73 from a trend line in the weekly time frame.
- A support zone ranging from 31.30 to 31.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @29.04 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
CRS98.63
Mansfield5.61
10 Day High39.18
10 Day Low31
20 Day High43.32
20 Day Low31
52 Week High43.32
52 Week Low12.93
Performance
1 Week6.5%
2 Weeks-2.59%
1 Month-8.52%
3 Month29.68%
6 Month64.39%
12 Month178.08%
2 Year54.33%
3 Year452.16%
5 Year225.85%
10 Year174.5%
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)-0.21
RSI(14)52.13
LBB35.09
UBB40.48
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 |
|---|---|---|---|
| 39.19 | 35.51 | 3.68 (9.39%) | 10.65% |
| An entry @39.19. This is a Buy Stop order right above the 10 day high. | An exit @35.51. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.68 points, which is 9.39%. | When investing 10.65% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of TGTX. 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.
38.32
+0.11 (+0.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0.29%
1 Week6.5%
2 Weeks-2.59%
1 Month-8.52%
3 Month29.68%
6 Month64.39%
12 Month178.08%
2 Year54.33%
3 Year452.16%
5 Year225.85%
10 Year174.5%
15 YearN/A
Volatility
ATR(14)2.99
ATR(20)%6.71%
ATR Inc-49.06%
Range Today1.33
ADR(20)2.52
ADR(20)%6.58%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.63
Mansfield5.61
10 Day High39.18
10 Day Low31
20 Day High43.32
20 Day Low31
52 Week High43.32
52 Week Low12.93
CS1 End37.28
CR1 StartN/A
Volume & EV
DER(3)2.85%
DER(5)0.15%
Volume1.08M
Volume Incr-17.55%
Vol(5)2.47M
Vol(50)2.85M