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(TCON) Tracon Pharmaceuticals complete technical analysis [charts+indicators] | Buy/Sell Tracon Pharmaceuticals | (TCON) share price targets

Complete technical analysis of Tracon Pharmaceuticals (TCON) by charts plus indicators, forecast predictions and share price targets for Tracon Pharmaceuticals (TCON)

Tracon Pharmaceuticals trades in USA in Health Care sector.

Showing technical analysis as on 2024-02-27 View latest technical analysis

10 day averaged volume of Tracon Pharmaceuticals is 705580

Date	Daily Closing Price	Open	High	Low	Volume
27 Tue Feb 2024	0.18	0.19	0.19	0.18	0.751 times
26 Mon Feb 2024	0.18	0.16	0.18	0.16	0.849 times
23 Fri Feb 2024	0.17	0.17	0.18	0.16	1.922 times
22 Thu Feb 2024	0.18	0.18	0.18	0.17	0.941 times
21 Wed Feb 2024	0.18	0.19	0.19	0.18	0.523 times
20 Tue Feb 2024	0.19	0.18	0.19	0.18	0.587 times
16 Fri Feb 2024	0.19	0.19	0.19	0.18	0.508 times
15 Thu Feb 2024	0.19	0.19	0.20	0.18	1.383 times
14 Wed Feb 2024	0.19	0.19	0.20	0.18	1.371 times
13 Tue Feb 2024	0.20	0.20	0.20	0.19	0.372 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 0.2, but if it comes above 0.2, then a intra day buy could be more profitable.
If you take a sell trade below 0.2, then use 0.2 as stoploss and 0.2 as target. However if you take a buy trade in stock , then use 0.2 as stoploss and 0.19 as target.

Share price targets for Tracon Pharmaceuticals (TCON)

Target Type	Value
Downside Target	0.13
Downside Target	0.14
Downside Target	0.16
Downside Target	0.18
Upside Target	0.19
Upside Target	0.20
Upside Target	0.22
Upside Target	0.23
Upside Target	0.33

Intraday share price targets for Tracon Pharmaceuticals (TCON)

Target Type	Value
Downside Intraday Target	0.16
Downside Intraday Target	0.15
Upside Intraday Target	0.19
Upside Intraday Target	0.21
Downside Intraday Target	0.18

Weekly technical analysis of Tracon Pharmaceuticals (TCON)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Tue Feb 2024	0.18	0.16	0.19	0.16	0.403 times
23 Fri Feb 2024	0.17	0.18	0.19	0.16	0.768 times
16 Fri Feb 2024	0.19	0.20	0.20	0.18	1.059 times
09 Fri Feb 2024	0.19	0.20	0.20	0.18	1.117 times
02 Fri Feb 2024	0.20	0.21	0.23	0.19	0.311 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Tracon Pharmaceuticals (TCON)

Date	Monthly Closing Price	Open	High	Low	Volume
27 Tue Feb 2024	0.18	0.19	0.20	0.16	0.508 times
31 Wed Jan 2024	0.19	0.18	0.23	0.14	0.347 times
29 Fri Dec 2023	0.18	0.20	0.22	0.16	0.294 times
30 Thu Nov 2023	0.20	0.17	0.33	0.13	8.694 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Tracon Pharmaceuticals (TCON)

Price action analysis of Tracon Pharmaceuticals ( (TCON) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Tracon Pharmaceuticals ( (TCON) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Tracon Pharmaceuticals ( (TCON) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Tracon Pharmaceuticals ( (TCON) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Tracon Pharmaceuticals stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Tracon Pharmaceuticals in short term but the buy signal is initial and weak.

Tracon Pharmaceuticals Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a buy signal for Tracon Pharmaceuticals in short term but BUY signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Tracon Pharmaceuticals is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 0.18 and Tracon Pharmaceuticals (TCON) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Tracon Pharmaceuticals (TCON) stock. Volume based technical analysis of Tracon Pharmaceuticals (TCON) stock is negative.

Tracon Pharmaceuticals Stock has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.