Londinia Opportunities Analyses - 04/19/2024 (GMT) TG THERAPEUTICS INC. - 1H

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Type:	Stocks
Ticker:	TGTX
ISIN:

Londinia

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.

U.S. Stocks
Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

78%

17%

My opinion

Bearish under 13.55 USD

My targets

13.02 USD (-2.91%)

12.13 USD (-9.55%)

My analysis

The bearish trend is currently very strong for TG THERAPEUTICS INC.. As long as the price remains below the resistance at 13.55 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 13.02 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 12.13 USD as an objective. Crossing it would then enable sellers to target 11.21 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.

Force

8.4

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Additional analysis

Quotes

The TG THERAPEUTICS INC. price is 13.41 USD. The price is lower by -4.15% since the last closing with the lowest point at 13.26 USD and the highest point at 14.02 USD. The deviation from the price is +1.13% for the low point and -4.35% for the high point.

13.26

14.02

13.41

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in 1H of this TG THERAPEUTICS INC. chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is under support 3

Type : Neutral

Timeframe : 1 hour

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	6.68	8.28	11.21	13.41	13.55	14.44	14.88
Change (%)	-50.19%	-38.26%	-16.41%	-	+1.04%	+7.68%	+10.96%
Change	-6.73	-5.13	-2.20	-	+0.14	+1.03	+1.47
Level	Minor	Major	Minor	-	Intermediate	Major	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.90	13.38	13.68	14.16	14.46	14.94	15.24
Camarilla	13.78	13.85	13.92	13.99	14.06	14.13	14.21
Woodie	12.82	13.34	13.60	14.12	14.38	14.90	15.16
Fibonacci	13.38	13.68	13.86	14.16	14.46	14.64	14.94

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	12.13	13.02	13.59	14.48	15.05	15.94	16.51
Camarilla	13.76	13.89	14.03	14.16	14.29	14.43	14.56
Woodie	11.97	12.94	13.43	14.40	14.89	15.86	16.35
Fibonacci	13.02	13.58	13.92	14.48	15.04	15.38	15.94

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	8.96	11.74	13.47	16.25	17.98	20.76	22.49
Camarilla	13.97	14.38	14.80	15.21	15.62	16.04	16.45
Woodie	8.45	11.48	12.96	15.99	17.47	20.50	21.98
Fibonacci	11.74	13.46	14.52	16.25	17.97	19.03	20.76

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	33.17
MACD (12,26,9):	-0.1400
Directional Movement:	-16.50
AROON (14):	-64.29
DEMA (21):	13.78
Parabolic SAR (0,02-0,02-0,2):	14.45
Elder Ray (13):	-0.39
Super Trend (3,10):	14.33
Zig ZAG (10):	13.41
VORTEX (21):	0.8700
Stochastique (14,3,5):	17.88
TEMA (21):	13.75
Williams %R (14):	-89.78
Chande Momentum Oscillator (20):	-0.78
Repulse (5,40,3):	-2.8600
ROCnROLL:	2
TRIX (15,9):	-0.0800
Courbe Coppock:	1.86

MA7:	14.03
MA20:	14.65
MA50:	15.11
MA100:	15.70
MAexp7:	13.65
MAexp20:	13.94
MAexp50:	14.17
MAexp100:	14.49
Price / MA7:	-4.42%
Price / MA20:	-8.46%
Price / MA50:	-11.25%
Price / MA100:	-14.59%
Price / MAexp7:	-1.76%
Price / MAexp20:	-3.80%
Price / MAexp50:	-5.36%
Price / MAexp100:	-7.45%

Quotes : - 15 min delayed data - Actions NASDAQ

News

The latest news and videos published on TG THERAPEUTICS INC. at the time of the analysis were as follows: