TG THERAPEUTICS INC (TGTX) Stock Technical Analysis
USA - NASDAQ:TGTX - US88322Q1085 - Common Stock
Taking everything into account, TGTX scores 5 out of 10 in our technical rating. Although TGTX is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is only medium, TGTX does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 33.92, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for TGTX in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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.
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When analyzing the support we can see 2 important areas.
- A support zone ranging from 33.33 to 33.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @29.28 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 34.29 to 34.58. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 35.17 to 35.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 36.71 to 36.84. 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 | NEUTRAL | NEUTRAL | The long term trend for TGTX is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TGTX is neutral. |
| ChartMill Relative Strength | 84.95 | POSITIVE | TGTX has a high relative strength, it outperformed 84.95% 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) | UP | POSITIVE | The current price of TGTX is above the rising 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) | 48.67 | NEUTRAL | The RSI value for TGTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests TGTX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 49.76 | NEUTRAL | The Stochastics value for TGTX is a neutral value. |
| Average True Range in percent/ATR (20) | 4.7 | MEDIUM VOLATILITY | The ATR as a percentage value for TGTX suggests some volalility. |
| Average Directional Index/ADX (14) | 18.3 | NEGATIVE | The low ADX value for TGTX suggests a weak or negative trend. |
34.04
+0.23 (+0.68%)
TG THERAPEUTICS INC / TGTX FAQ
What is the technical rating for TGTX stock?
ChartMill assigns a technical rating of 5 / 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 48.6698. 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 neutral.
Can you provide the support and resistance levels for TG THERAPEUTICS INC?
TG THERAPEUTICS INC (TGTX) has a support level at 33.92 and a resistance level at 34.29. Check the full technical report for our detailed analysis of TGTX support and resistance levels.