PASITHEA THERAPEUTICS CORP (KTTA) Stock Technical Analysis
NASDAQ:KTTA • US70261F2020
Overall KTTA gets a technical rating of 2 out of 10. 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 neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- When comparing the yearly performance of all stocks, KTTA is a bad performer in the overall market: 90% of all stocks are doing better.
- KTTA is part of the Biotechnology industry. There are 521 other stocks in this industry, of which 70% are performing better than KTTA.
- KTTA is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month KTTA has a been trading in the 0.67 - 0.90 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
KTTA has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.
More info and screens
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2 important support areas can be observed.
- Support @0.75 from a trend line in the daily time frame.
- A support zone ranging from 0.69 to 0.70. This zone is formed by a combination of multiple trend lines in the daily time frame.
3 important resistance areas can be observed.
- Resistance @0.97 from a trend line in the daily time frame.
- Resistance @1.01 from a trend line in the weekly time frame.
- Resistance @1.36 from a trend line in the weekly time frame.
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 | NEUTRAL | NEUTRAL | The short term trend for KTTA is neutral. |
| ChartMill Relative Strength | 10.43 | NEGATIVE | KTTA has a low relative strength, it was outperformed by 89.57% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of KTTA is above the rising 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) | UP | POSITIVE | The current price of KTTA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.06 | NEUTRAL | The RSI value for KTTA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests KTTA has a positive trend. |
| Stochastics (14,3) | 81.03 | OVERBOUGHT | The high Stochastics value suggests KTTA may be overbought. |
| Average True Range in percent/ATR (20) | 7.27 | HIGH VOLATILITY | The high ATR as a percentage value for KTTA suggests high volalility. |
| Average Directional Index/ADX (14) | 19.94 | NEGATIVE | The low ADX value for KTTA suggests a weak or negative trend. |
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+0.04 (+5.24%)
PASITHEA THERAPEUTICS CORP / KTTA FAQ
What is the technical rating for KTTA stock?
ChartMill assigns a technical rating of 2 / 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 57.0578. 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 0.0233175, indicating a bearish trend.
What is the short term momentum for KTTA stock?
The short term momentum for PASITHEA THERAPEUTICS CORP (KTTA) is neutral.