TG THERAPEUTICS INC (TGTX) Technical Analysis
NASDAQ:TGTX • US88322Q1085
Current stock price
TGTX Technical Rating and Analysis
Taking everything into account, TGTX scores 1 out of 10 in our technical rating. TGTX's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- 79% of all other stocks performed better in the past year 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.
- TGTX is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- TGTX has an average volume of 2142790 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- TGTX is an average performer in the Biotechnology industry, it outperforms 40% of 519 stocks in the same industry.
TGTX Weekly and Daily overview Charts
TGTX Setup Rating and Analysis
TGTX has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 29.89, 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
TGTX Support and Resistance Analysis
26.13
When analyzing the support we can see 3 important areas.
- A support zone ranging from 29.34 to 29.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @27.72 from a horizontal line in the daily time frame.
- 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 2 important resistance areas.
- Resistance @30.46 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 31.28 to 32.00. This zone is formed by a combination of multiple trend lines 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 | DOWN | NEGATIVE | The long term trend for TGTX is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TGTX is up. |
| ChartMill Relative Strength | 21.13 | NEGATIVE | TGTX has a low relative strength, it was outperformed by 78.87% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of TGTX is above a declining 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) | 54.92 | NEUTRAL | The RSI value for TGTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.2 | POSITIVE | The MACD value suggests TGTX has a positive trend. |
| Stochastics (14,3) | 61.88 | NEUTRAL | The Stochastics value for TGTX is a neutral value. |
| Average True Range in percent/ATR (20) | 4.88 | MEDIUM VOLATILITY | The ATR as a percentage value for TGTX suggests some volalility. |
| Average Directional Index/ADX (14) | 24.82 | 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
30.45
+0.38 (+1.26%)
TG THERAPEUTICS INC / TGTX TA FAQ
What is the technical rating for TGTX stock?
ChartMill assigns a technical rating of 1 / 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 54.9215. 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 0.203917, 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 positive.