TANGO THERAPEUTICS INC (TNGX)
US87583X1090 - Common Stock
We assign a technical rating of 7 out of 10 to TNGX. TNGX has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
TNGX is one of the better performing stocks in the Biotechnology industry, it outperforms 72% of 573 stocks in the same industry.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
Looking at the yearly performance, TNGX did better than 81% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
TNGX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TNGX is lagging the market.
In the last month TNGX has a been trading in the 8.18 - 12.02 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
Although TNGX has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
8.02
12.06
We found 4 important support areas.
- Support @9.39 from a trend line in the weekly time frame.
- A support zone ranging from 9.08 to 9.19. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @8.85 from a trend line in the daily time frame.
- Support @8.10 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 11.80 to 11.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.75
Mansfield-0.02
10 Day High11.92
10 Day Low8.18
20 Day High12.02
20 Day Low8.18
52 Week High13.03
52 Week Low5.15
Performance
1 Week-3.58%
2 Weeks-5.58%
1 Month11.7%
3 Month17.58%
6 Month16.28%
12 Month23.38%
2 Year190.06%
3 Year-18.79%
5 YearN/A
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.18
RSI(14)51.76
LBB8.94
UBB12.55
TANGO THERAPEUTICS INC
NASDAQ:TNGX (9/16/2024, 3:09:56 PM)
9.465
-1.04 (-9.86%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-9.86%
1 Week-3.58%
2 Weeks-5.58%
1 Month11.7%
3 Month17.58%
6 Month16.28%
12 Month23.38%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.93
ATR(20)%8.63%
ATR Inc
Range Today1.94
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High11.92
10 Day Low8.18
20 Day High12.02
20 Day Low8.18
52 Week High13.03
52 Week Low5.15
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume1.59M
Volume Incr253.4%
Vol(5)2.08M
Vol(50)832.58K