Should You Invest In Tyme Technologies, Inc. ($TYME) Or Sol-Gel Technologies Ltd. ($SLGL)?

2019-08-16 | Welcome! Today we compared how two different stocks in the Major Pharmaceuticals industry are trading: Tyme Technologies, Inc. and Sol-Gel Technologies Ltd.. While these two companies may have very different market capitalizations and balance sheets, they are worth comparing given how they are in the same sector. Below you’ll see how the different technical indicators differ between these two stocks, and we’ll also show what Trading View thinks of them based on the technical analysis. But before we get ahead of ourselves, please note that this is technical analysis only (ie. analyzing how these companies are trading, not digging into the company fundamentals), and therefore you should not rely only on this to guide you on whether you should buy or sell anything – take it with a grain of salt only, and pay attention to the disclaimer below. With that said, many traders find value in technical analysis and others even swear by it, so if that is you, I hope my analysis will be of use to you. Let’s get to it…

First things first: during its last day of trading, Tyme Technologies, Inc. opened at 1.006, got to a maximum price of 1.02 and dropped to as low as 0.97 before finishing the session at 1.0. In total there were 233900 shares traded, which is enough to conduct our analysis. Compare that now to Sol-Gel Technologies Ltd., which opened at 8.39, had a high of 8.7, a low of 8.211, closed at 8.23 and had a total volume of 15600.0.

VOLUME ANALYSIS: Generally, the higher the volume indicators are, the better – you need liquidity to trade, after all. All of the volume indicators are as follows… (click here for an explanation on volume)

Volume Indicator Tyme Technologies, Inc. Sol-Gel Technologies Ltd.
Accumulation-distribution index 9.14286 117.24861
on-balance volume 1.01 -8.6
chaikin money flow

6.14286 2.15484
force index

0.0001 -0.00077
ease of movement rating

0.00026 -0.00016
volume-price trend

-0.23982 -0.0329
negative volume index

1000.0 1000.0

VOLATILITY ANALYSIS: Now to compare the volatility between these two companies… (click here for an explanation on volatility)

Volatility Indicator Tyme Technologies, Inc. Sol-Gel Technologies Ltd.
Average true range 0.08571 0.27529
Bolinger bands 0.97 8.25762
Upper bollinger band 0.97 8.11338
Lower bollinger band

0.97 8.211
Bollinger high band indicator

1.0 1.0
Bollinger high low indicator

1.0 1.0
Central keltner channel

0.99867 8.43367
High band keltner channel

0.98467 8.12367
Low band keltner channel

1.01267 8.74367
High band keltner channel indicator

1.0 1.0
Low band keltner channel indicator

1.0 1.0
Donchain channel high band

0.97 8.211
Donchain channel low band

0.97 8.211
Donchain channel high band indicator

1.0 1.0
Donchain channel low band indicator

1.0 1.0

TREND ANALYSIS: Now for the most interesting and detailed part, the trend. Where is the stock actually going? Let’s compare the indicators… (click here for an explanation on trend)

Trend Indicator Tyme Technologies, Inc. Sol-Gel Technologies Ltd.
Moving Average Convergence Divergence (MACD) trend_macd -0.00114
MACD signal 0.00013 -0.00064
MACD difference 0.00018 -0.00051
fast Exponential Moving Average (EMA) indicator

0.97 8.211
slow Exponential Moving Average (EMA) indicator

0.97 8.211
Average Directional Movement Index (ADX)

unknown unknown
ADX positive

20.0 20.0
ADX negative

20.0 20.0
positive Vortex Indicator (VI)

1.0 1.0
negative VI

1.0 1.0
trend vortex difference

0.08075 0.36811
trix

-16.17907 -3.50505
Mass Index (MI)

1.0 1.0
Commodity Channel Index (CCI)

-66.66667 -66.66667
Detrended Price Oscillator (DPO)

0.32374 0.02268
KST Oscillator (KST)

-250.23749 -2.7543
KST Oscillator (KST Signal)

-250.23749 -2.7543
KST difference

1.71767 -1.54852
Ichimoku rating

1.013 8.545
Ichimoku B rating

1.013 8.545
Ichimoku visual trend A

1.33692 8.70219
Ichimoku visual trend B

1.26676 8.92738
Aroon Indicator (AI)

4.0 4.0
AI indicator down

4.0 4.0
AI difference

8.0 -4.0

MOMENTUM ANALYSIS: What about momentum? Let’s dive into it… (click here for an explanation on momentum)

Momentum Indicator Tyme Technologies, Inc. Sol-Gel Technologies Ltd.
Relative Strength Index (RSI) 50.0 50.0
Money Flow Index (MFI) 50.44822 33.04366
True Strength Index (TSI) -100.0 -100.0
ultimate oscillator

-18.26531 -14.50724
stochastic oscillator

357.14286 157.74194
stochastic oscillator signal

357.14286 157.74194
Williams %R rating

257.14286 57.74194
awesome oscillator

0.0037 -0.03416

RETURNS: That’s all for technical analysis. Now let’s just list the returns for Tyme Technologies, Inc. and Sol-Gel Technologies Ltd..

Daily return -25.02375 -0.27543
Daily log return 1.02565 -0.62305
Cumulative return 1.03093 -0.62112

So there you have it: our deep, grueling analysis comparing Tyme Technologies, Inc. and Sol-Gel Technologies Ltd. together. But what does all of the above mean? Various technical indicators above are positive, while others are negative, and if we want to decide overall if the technical analysis indicates a bullish or bearish chart, we have to consider all of them together. That’s what the Trading View widget below can do, so let’s see what it says considering all these indicators. First, here’s Tyme Technologies, Inc.:

The verdict above will consider all these technical indicators and consider which are strong and weak, and then put them all together to come up with a conclusion stating whether TYME is strong or weak. Again – this is not a reliable indication of whether Tyme Technologies, Inc. is a good investment! None of these indicators consider the company fundamentals. All of this data is based on how it trades only. Now with that out of the way, let’s compare it with Sol-Gel Technologies Ltd.

So there you have it. We hope you have found this analysis useful, and if you see any errors or have any feedback, please comment below.

How can you profit off trading these 2 companies and other stocks like it? First, check out the Beat The Market Analyzer software – this is worth its weight in gold. Some other great services for earning income from trading and investing are Dividend Stocks (an outstanding resource for anyone interested in high dividend paying stocks), Microcap Millionaires (the best site online for profiting off micro-cap stocks) and Trading Code (an extremely powerful system for profiting off trading).

DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling anything based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.

Abigale Lormen

Abigale is a Masters in Business Administration by education. After completing her post-graduation, Abigale jumped the journalism bandwagon as a freelance journalist. Soon after that she landed a job of reporter and has been climbing the news industry ladder ever since to reach the post of editor at amarketreportsjournal.
Abigale Lormen

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