PHATHOM PHARMACEUTICALS INC (PHAT) Technical Analysis
NASDAQ:PHAT • US71722W1071
Current stock price
PHAT Technical Rating and Analysis
Taking everything into account, PHAT scores 5 out of 10 in our technical rating. Although PHAT is scoring some points because its good overall performance in the market in the past year, 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, we notice that PHAT is one of the better performing stocks in the market, outperforming 89% of all stocks. We also observe that the gains produced by PHAT over the past year are nicely spread over this period.
- PHAT is part of the Pharmaceuticals industry. There are 192 other stocks in this industry. PHAT outperforms 76% of them.
- PHAT has an average volume of 1049330 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- PHAT is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so PHAT is lagging the market slightly.
- In the last month PHAT has a been trading in the 10.00 - 11.90 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
PHAT Weekly and Daily overview Charts
PHAT Setup Rating and Analysis
Although the technical rating is only medium, PHAT does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 11.35. Right above this resistance zone may be a good entry point.
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PHAT Support and Resistance Analysis
9.95
We found 3 important support areas.
- Support @10.58 from a trend line in the weekly time frame.
- Support @10.36 from a horizontal line in the weekly time frame.
- A support zone ranging from 10.05 to 10.15. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 11.35 to 11.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @12.76 from a trend line in the daily time frame.
- Resistance @17.38 from a trend line in the weekly time frame.
PHAT 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 PHAT is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PHAT is neutral. |
| ChartMill Relative Strength | 89.72 | POSITIVE | PHAT has a high relative strength, it outperformed 89.72% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PHAT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PHAT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of PHAT is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.78 | NEUTRAL | The RSI value for PHAT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests PHAT has a positive trend. |
| Stochastics (14,3) | 62.98 | NEUTRAL | The Stochastics value for PHAT is a neutral value. |
| Average True Range in percent/ATR (20) | 6.3 | HIGH VOLATILITY | The high ATR as a percentage value for PHAT suggests high volalility. |
| Average Directional Index/ADX (14) | 11.54 | NEGATIVE | The low ADX value for PHAT suggests a weak or negative trend. |
PHAT Chart- and CandleStick Pattern Analysis
PHAT Technicals: Chart, Performance Metrics, Trend & Indicators
11.34
+0.2 (+1.8%)
PHATHOM PHARMACEUTICALS INC / PHAT TA FAQ
What is the technical rating for PHAT stock?
ChartMill assigns a technical rating of 5 / 10 to PHAT.
What is the trend direction for PHAT stock?
The current trend direction for PHATHOM PHARMACEUTICALS INC (PHAT) is Bearish.
What is the RSI signal for PHAT stock?
PHATHOM PHARMACEUTICALS INC (PHAT) has an RSI value of 51.7835. This indicates that the stock is currently neutral.
What is the short term momentum for PHATHOM PHARMACEUTICALS INC (PHAT) stock?
The short term momentum for PHATHOM PHARMACEUTICALS INC (PHAT) is neutral.
What is the support and resistance level for PHAT stock?
PHATHOM PHARMACEUTICALS INC (PHAT) has a support level at 10.58 and a resistance level at 11.35. Check the full technical report for our detailed analysis of PHAT support and resistance levels.