TG THERAPEUTICS INC (TGTX) Technical Analysis
NASDAQ:TGTX • US88322Q1085
Current stock price
TGTX Technical Rating and Analysis
Taking everything into account, TGTX scores 5 out of 10 in our technical rating. In the past year, TGTX was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- When comparing the yearly performance of all stocks, TGTX is a bad performer in the overall market: 73% of all stocks are doing better.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- In the last month TGTX has a been trading in the 26.76 - 32.47 range, which is quite wide. It is currently trading near the high of this range.
- TGTX has an average volume of 1917980 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- TGTX is part of the Biotechnology industry. There are 519 other stocks in this industry, TGTX did better than 46% of them.
- TGTX is currently trading in the middle 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 slightly.
TGTX Weekly and Daily overview Charts
TGTX Setup Rating and Analysis
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 resistance zone just above the current price starting at 31.76. Right above this resistance zone may be a good entry point.
More info and screens
TGTX Support and Resistance Analysis
26.13
We found 3 important support areas.
- A support zone ranging from 29.71 to 30.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 27.72 to 27.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @26.39 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 31.76 to 32.00. 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 | NEUTRAL | NEUTRAL | The long term trend for TGTX is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TGTX is up. |
| ChartMill Relative Strength | 27.13 | NEGATIVE | TGTX has a low relative strength, it was outperformed by 72.87% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TGTX is above the rising 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) | DOWN | NEGATIVE | The current price of TGTX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.87 | NEUTRAL | The RSI value for TGTX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.32 | POSITIVE | The MACD value suggests TGTX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 89.14 | OVERBOUGHT | The high Stochastics value suggests TGTX may be overbought. |
| Average True Range in percent/ATR (20) | 4.4 | MEDIUM VOLATILITY | The ATR as a percentage value for TGTX suggests some volalility. |
| Average Directional Index/ADX (14) | 28.62 | POSITIVE | The high ADX value value for TGTX suggests a strong trend. |
TGTX Chart- and CandleStick Pattern Analysis
TGTX Technicals: Chart, Performance Metrics, Trend & Indicators
31.75
-0.23 (-0.72%)
TG THERAPEUTICS INC / TGTX TA FAQ
What is the technical rating for TGTX stock?
ChartMill assigns a technical rating of 5 / 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 59.8724. 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 0.316509, 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.