TG Therapeutics (TGTX) Technical Analysis

TG Therapeutics Inc (TGTX) is a biopharmaceutical company that focuses on the development and commercialization of innovative treatments for B-cell malignancies and autoimmune diseases. As part of its investment strategy, the company employs technical analysis to make informed trading decisions. By analyzing historical price and volume data, TG Therapeutics can identify trends, patterns, and key indicators that help predict future price movements. These technical indicators serve as important tools for investors and traders who seek to capitalize on short-term price fluctuations.

One of the key technical indicators used by TG Therapeutics is the Relative Strength Index (RSI). The RSI measures the speed and change of price movements, indicating overbought or oversold conditions. TGTX stock's RSI is a valuable tool in determining potential entry or exit points in the market. Another important indicator used by TG Therapeutics is the Average Directional Index (ADX), which measures the strength of a price trend. ADX values above 25 indicate a strong trend, while values below 20 suggest a weak trend.