Overall TNGX gets a technical rating of 8 out of 10. Both in the recent history as in the last year, TNGX has proven to be a steady performer, scoring decent points in every aspect analyzed.
TNGX has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 8.77, a Stop Loss order could be placed below this zone.
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8.18
We found 2 important support areas.
- A support zone ranging from 8.63 to 8.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @8.26 from a trend line in the daily time frame.
We found 1 important resistance area.
- Resistance @10.85 from a trend line in the weekly time frame.
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 | UP | POSITIVE | The long term trend for TNGX is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TNGX is neutral. |
| ChartMill Relative Strength | 97.41 | POSITIVE | TNGX has a high relative strength, it outperformed 97.41% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of TNGX is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TNGX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TNGX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 44.84 | NEUTRAL | The RSI value for TNGX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests TNGX has a negative trend. |
| Stochastics (14,3) | 8.23 | OVERSOLD | The low Stochastics value suggests TNGX may be oversold. |
| Average True Range in percent/ATR (20) | 8.06 | HIGH VOLATILITY | The high ATR as a percentage value for TNGX suggests high volalility. |
| Average Directional Index/ADX (14) | 16.11 | NEGATIVE | The low ADX value for TNGX suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 9.28 | 8.62 | 0.66 (7.14%) | 14.00% |
| An entry @9.28. This is a Buy Stop order right above the 10 day moving average. | An exit @8.62. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.66 points, which is 7.14%. | For a 1.00% total portfolio risk, you can invest 14.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of TNGX. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
8.78
-0.18 (-2.01%)
TANGO THERAPEUTICS INC / TNGX FAQ
What is the ChartMill technical rating of TANGO THERAPEUTICS INC (TNGX) stock?
ChartMill assigns a technical rating of 8 / 10 to TNGX.
What is the trend direction for TNGX stock?
The current trend direction for TANGO THERAPEUTICS INC (TNGX) is Bullish.
What is the RSI signal for TNGX stock?
TANGO THERAPEUTICS INC (TNGX) has an RSI value of 44.8417. This indicates that the stock is currently neutral.
What is the MACD signal for TNGX stock?
The MACD indicator for TANGO THERAPEUTICS INC (TNGX) has a value of -0.173652, indicating a bearish trend.
What is the short term momentum for TNGX stock?
The short term momentum for TANGO THERAPEUTICS INC (TNGX) is neutral.