PASITHEA THERAPEUTICS CORP (KTTA) Technical Analysis
NASDAQ:KTTA • US70261F2020
Current stock price
KTTA Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to KTTA. KTTA's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 90% of all other stocks performed better in the past year than KTTA.
- KTTA is part of the Biotechnology industry. There are 517 other stocks in this industry, of which 72% are performing better than KTTA.
- KTTA is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so KTTA is lagging the market.
- In the last month KTTA has a been trading in the 0.74 - 0.88 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
KTTA Weekly and Daily overview Charts
KTTA Setup Rating and Analysis
Although the technical rating is bad, KTTA does present a nice setup opportunity. Prices have been consolidating lately. We notice that large players showed an interest for KTTA in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
KTTA Support and Resistance Analysis
0.68
When analyzing the support we can see 2 important areas.
- Support @0.71 from a horizontal line in the weekly time frame.
- Support @0.69 from a horizontal line in the daily time frame.
We can see 5 important resistance areas.
- A resistance zone ranging from 0.82 to 0.83. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 0.85 to 0.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 0.89 to 0.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @0.91 from a trend line in the weekly time frame.
- Resistance @1.34 from a trend line in the weekly time frame.
KTTA Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The long term trend for KTTA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for KTTA is down. |
| ChartMill Relative Strength | 10.61 | NEGATIVE | KTTA has a low relative strength, it was outperformed by 89.39% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of KTTA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of KTTA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of KTTA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.3 | NEUTRAL | The RSI value for KTTA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests KTTA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 42.16 | NEUTRAL | The Stochastics value for KTTA is a neutral value. |
| Average True Range in percent/ATR (20) | 7.86 | HIGH VOLATILITY | The high ATR as a percentage value for KTTA suggests high volalility. |
| Average Directional Index/ADX (14) | 16.1 | NEGATIVE | The low ADX value for KTTA suggests a weak or negative trend. |
KTTA Chart- and CandleStick Pattern Analysis
KTTA Technicals: Chart, Performance Metrics, Trend & Indicators
0.797
+0.01 (+1.91%)
PASITHEA THERAPEUTICS CORP / KTTA TA FAQ
What is the technical rating for KTTA stock?
ChartMill assigns a technical rating of 0 / 10 to KTTA.
What is the current trend direction of PASITHEA THERAPEUTICS CORP (KTTA) stock?
The current trend direction for PASITHEA THERAPEUTICS CORP (KTTA) is Bearish.
What is the RSI signal for KTTA stock?
PASITHEA THERAPEUTICS CORP (KTTA) has an RSI value of 46.2969. This indicates that the stock is currently neutral.
What is the MACD signal for PASITHEA THERAPEUTICS CORP (KTTA) stock?
The MACD indicator for PASITHEA THERAPEUTICS CORP (KTTA) has a value of 0.000516206, indicating a bearish trend.
What is the short term momentum for KTTA stock?
The short term momentum for PASITHEA THERAPEUTICS CORP (KTTA) is negative.