POINT BIOPHARMA GLOBAL INC (PNT) Stock Technical Analysis
NASDAQ:PNT - Nasdaq - US7305411099 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to PNT. In the last year, PNT was one of the better performers, but we do observe some doubts in the very recent evolution.
PNT is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
PNT is part of the Biotechnology industry. There are 558 other stocks in this industry. PNT outperforms 96% of them.
PNT is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so PNT is performing more or less in line with the market.
PNT has an average volume of 3298550 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
When comparing the yearly performance of all stocks, we notice that PNT is one of the better performing stocks in the market, outperforming 97% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
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.
More info and screens
6.43
14.38
3 important support areas can be observed.
- 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. |
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)
12.5
+0.02 (+0.16%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0.16%
1 Week0.4%
2 Weeks-10.78%
1 Month-9.42%
3 Month87.41%
6 Month37.97%
12 Month71.47%
2 Year123.21%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.34
ATR(20)%2.74%
ATR Inc-88.14%
Range Today0.02
ADR(20)0.27
ADR(20)%2.12%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.1
Mansfield1.96
10 Day High14.35
10 Day Low12.43
20 Day High14.35
20 Day Low12.43
52 Week High14.35
52 Week Low6.57
CS1 End12.47
CR1 Start14.07
Volume & EV
DER(3)-2.92%
DER(5)-1.32%
Volume3.29M
Volume Incr16.66%
Vol(5)4.14M
Vol(50)3.30M