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 scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, KTTA is a bad performer in the overall market: 94% of all stocks are doing better.
- KTTA is one of the lesser performing stocks in the Biotechnology industry. 78% of 516 stocks in the same industry do better.
- 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 0.54 - 0.82 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
KTTA Weekly and Daily overview Charts
KTTA Setup Rating and Analysis
Although the technical rating is bad, KTTA does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 0.69, a Stop Loss order could be placed below this zone.
More info and screens
KTTA Support and Resistance Analysis
0.67
We found 1 important support area.
- A support zone ranging from 0.68 to 0.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 0.73 to 0.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.80 from a horizontal line in the daily time frame.
- Resistance @0.82 from a trend line in the daily time frame.
- Resistance @1.29 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 | 6.89 | NEGATIVE | KTTA has a low relative strength, it was outperformed by 93.11% 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) | 42.65 | NEUTRAL | The RSI value for KTTA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests KTTA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 47.87 | NEUTRAL | The Stochastics value for KTTA is a neutral value. |
| Average True Range in percent/ATR (20) | 9.46 | HIGH VOLATILITY | The high ATR as a percentage value for KTTA suggests high volalility. |
| Average Directional Index/ADX (14) | 24.3 | NEUTRAL | The ADX value for KTTA suggests a possible start of a new trend. |
KTTA Chart- and CandleStick Pattern Analysis
KTTA Technicals: Chart, Performance Metrics, Trend & Indicators
0.71
+0.02 (+2.9%)
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 PASITHEA THERAPEUTICS CORP (KTTA) stock?
PASITHEA THERAPEUTICS CORP (KTTA) has an RSI value of 42.6451. This indicates that the stock is currently neutral.
What is the MACD signal for KTTA stock?
The MACD indicator for PASITHEA THERAPEUTICS CORP (KTTA) has a value of -0.00334833, indicating a bearish trend.
What are the support and resistance levels for PASITHEA THERAPEUTICS CORP (KTTA) stock?
PASITHEA THERAPEUTICS CORP (KTTA) has a support level at 0.69 and a resistance level at 0.73. Check the full technical report for our detailed analysis of KTTA support and resistance levels.