TG THERAPEUTICS INC (TGTX) Technical Analysis
NASDAQ:TGTX • US88322Q1085
Current stock price
TGTX Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to TGTX. 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 84% of all other stocks performed better in the past year than TGTX.
- TGTX is part of the Biotechnology industry. There are 519 other stocks in this industry, of which 63% are performing better than TGTX.
- TGTX is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so TGTX is lagging the market.
- In the last month TGTX has a been trading in the 26.76 - 31.34 range, which is quite wide. It is currently trading near the lows of this range.
- TGTX has an average volume of 1986450 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
TGTX Weekly and Daily overview Charts
TGTX Setup Rating and Analysis
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 29.23. Right above this resistance zone may be a good entry point.
More info and screens
TGTX Support and Resistance Analysis
26.13
When analyzing the support we notice one important area.
- A support zone ranging from 26.39 to 26.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 29.23 to 29.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @30.27 from a trend line in the daily time frame.
- A resistance zone ranging from 31.20 to 32.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 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 | 16.06 | NEGATIVE | TGTX has a low relative strength, it was outperformed by 83.94% off all stocks 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) | DOWN | NEGATIVE | The current price of TGTX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.06 | NEUTRAL | The RSI value for TGTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests TGTX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 11.67 | OVERSOLD | The low Stochastics value suggests TGTX may be oversold. |
| Average True Range in percent/ATR (20) | 4.26 | MEDIUM VOLATILITY | The ATR as a percentage value for TGTX suggests some volalility. |
| Average Directional Index/ADX (14) | 23.99 | NEUTRAL | The ADX value for TGTX suggests a possible start of a new trend. |
TGTX Chart- and CandleStick Pattern Analysis
TGTX Technicals: Chart, Performance Metrics, Trend & Indicators
27.96
+1.02 (+3.79%)
TG THERAPEUTICS INC / TGTX TA FAQ
What is the technical rating for TGTX stock?
ChartMill assigns a technical rating of 0 / 10 to TGTX.
What is the trend direction for TGTX stock?
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 42.0643. This indicates that the stock is currently neutral.
What is the MACD signal for TGTX stock?
The MACD indicator for TG THERAPEUTICS INC (TGTX) has a value of -0.200001, indicating a bearish trend.
Can you provide the short term momentum for TG THERAPEUTICS INC?
The short term momentum for TG THERAPEUTICS INC (TGTX) is negative.