Overall TGTX gets a technical rating of 0 out of 10. TGTX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, TGTX does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 32.85. Right above this resistance zone may be a good entry point.
More info and screens
26.44
When analyzing the support we can see 3 important areas.
- Support @30.88 from a trend line in the daily time frame.
- A support zone ranging from 30.07 to 30.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @26.71 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 32.85 to 33.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @34.88 from a trend line in the daily time frame.
- A resistance zone ranging from 35.53 to 35.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | DOWN | NEGATIVE | The long term trend for TGTX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TGTX is down. |
| ChartMill Relative Strength | 31.16 | NEUTRAL | TGTX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TGTX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TGTX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of TGTX is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 44.93 | NEUTRAL | The RSI value for TGTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests TGTX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 29.07 | NEUTRAL | The Stochastics value for TGTX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.91 | MEDIUM VOLATILITY | The ATR as a percentage value for TGTX suggests some volalility. |
| Average Directional Index/ADX (14) | 16.4 | NEGATIVE | The low ADX value for TGTX suggests a weak or negative trend. |
31.38
-0.23 (-0.73%)
TG THERAPEUTICS INC / TGTX FAQ
What is the technical rating for TGTX stock?
ChartMill assigns a technical rating of 0 / 10 to TGTX.
Can you provide the trend direction for TG THERAPEUTICS INC?
The current trend direction for TG THERAPEUTICS INC (TGTX) is Bearish.
Can you provide the RSI signal for TG THERAPEUTICS INC?
TG THERAPEUTICS INC (TGTX) has an RSI value of 44.9307. This indicates that the stock is currently neutral.
What is the short term momentum for TG THERAPEUTICS INC (TGTX) stock?
The short term momentum for TG THERAPEUTICS INC (TGTX) is negative.
Can you provide the support and resistance levels for TG THERAPEUTICS INC?
TG THERAPEUTICS INC (TGTX) has a support level at 30.88 and a resistance level at 32.85. Check the full technical report for our detailed analysis of TGTX support and resistance levels.