PHATHOM PHARMACEUTICALS INC (PHAT) Stock Technical Analysis
NASDAQ:PHAT - Nasdaq - US71722W1071 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to PHAT. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
PHAT is one of the better performing stocks in the Pharmaceuticals industry, it outperforms 90% of 193 stocks in the same industry.
PHAT has an average volume of 2567320 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, PHAT did better than 95% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
PHAT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PHAT is lagging the market.
In the last month PHAT has a been trading in the 7.61 - 10.03 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
PHAT has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 7.94, a Stop Loss order could be placed below this zone.
More info and screens
7.74
9.79
We found 1 important support area.
- A support zone ranging from 7.82 to 7.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- Resistance @9.18 from a trend line in the daily time frame.
- A resistance zone ranging from 9.64 to 9.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for PHAT is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PHAT is neutral. |
| ChartMill Relative Strength | 95.05 | POSITIVE | PHAT has a high relative strength, it outperformed 95.05% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of PHAT is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PHAT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of PHAT is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.4 | NEUTRAL | The RSI value for PHAT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests PHAT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 39.61 | NEUTRAL | The Stochastics value for PHAT is a neutral value. |
| Average True Range in percent/ATR (20) | 7.13 | HIGH VOLATILITY | The high ATR as a percentage value for PHAT suggests high volalility. |
| Average Directional Index/ADX (14) | 25.19 | POSITIVE | The high ADX value value for PHAT suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 9.19 | 8.02 | 1.17 (12.79%) | 7.82% |
| An entry @9.19. This is a Buy Stop order right above the resistance zone. | An exit @8.02. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.17 points, which is 12.79%. | For a 1.00% total portfolio risk, you can invest 7.82% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
8.68
+0.3 (+3.58%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg3.58%
1 Week-0.34%
2 Weeks1.28%
1 Month-7.36%
3 Month176.43%
6 Month52.01%
12 Month-26.13%
2 Year-39.68%
3 Year1.64%
5 Year-76.39%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.63
ATR(20)%7.13%
ATR Inc-15.04%
Range Today0.7
ADR(20)0.62
ADR(20)%7.1%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.05
Mansfield-1.37
10 Day High10.03
10 Day Low8.03
20 Day High10.03
20 Day Low7.61
52 Week High19.71
52 Week Low2.21
CS1 End7.94
CR1 Start9.18
Volume & EV
DER(3)1.51%
DER(5)1.85%
Volume1.75M
Volume Incr-14.95%
Vol(5)845.90K
Vol(50)2.57M