POINT BIOPHARMA GLOBAL INC (PNT) Stock Technical Analysis
USA - NASDAQ:PNT - US7305411099 - Common Stock
Overall PNT gets a technical rating of 4 out of 10. 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.
PNT has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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6.43
We found 3 important support areas.
- A support zone ranging from 12.36 to 12.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 6.78 to 6.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.49 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 14.07 to 14.24. 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 PNT is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PNT is down. |
| ChartMill Relative Strength | 97.1 | POSITIVE | PNT has a high relative strength, it outperformed 97.1% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PNT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PNT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PNT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 35.38 | NEUTRAL | The RSI value for PNT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests PNT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 2.78 | OVERSOLD | The low Stochastics value suggests PNT may be oversold. |
| Average True Range in percent/ATR (20) | 2.74 | MEDIUM VOLATILITY | The ATR as a percentage value for PNT suggests some volalility. |
| Average Directional Index/ADX (14) | 35.23 | POSITIVE | The high ADX value value for PNT suggests a strong trend. |
12.5
+0.02 (+0.16%)
POINT BIOPHARMA GLOBAL INC / PNT FAQ
What is the ChartMill technical rating of POINT BIOPHARMA GLOBAL INC (PNT) stock?
ChartMill assigns a technical rating of 3 / 10 to PNT.
What is the trend direction for PNT stock?
The current trend direction for POINT BIOPHARMA GLOBAL INC (PNT) is Bullish.
What is the RSI signal for POINT BIOPHARMA GLOBAL INC (PNT) stock?
POINT BIOPHARMA GLOBAL INC (PNT) has an RSI value of 35.3823. This indicates that the stock is currently neutral.
What is the short term momentum for POINT BIOPHARMA GLOBAL INC (PNT) stock?
The short term momentum for POINT BIOPHARMA GLOBAL INC (PNT) is negative.
What is the support and resistance level for PNT stock?
POINT BIOPHARMA GLOBAL INC (PNT) has a support level at 12.47 and a resistance level at 14.07. Check the full technical report for our detailed analysis of PNT support and resistance levels.