PURPLE BIOTECH LTD-ADR (PPBT) Stock Technical Analysis
NASDAQ:PPBT - Nasdaq - US74638P1093 - ADR - Currency: USD
Overall PPBT gets a technical rating of 0 out of 10. PPBT 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, PPBT is a bad performer in the overall market: 96% of all stocks are doing better.
PPBT is part of the Pharmaceuticals industry. There are 195 other stocks in this industry, of which 77% are performing better than PPBT.
PPBT is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so PPBT is lagging the market.
In the last month PPBT has a been trading in the 2.25 - 2.80 range, which is quite wide. It is currently trading near the lows of this range.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, PPBT does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 2.19, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for PPBT in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
2.16
2.83
We found 1 important support area.
- A support zone ranging from 2.18 to 2.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- Resistance @2.38 from a trend line in the weekly time frame.
- A resistance zone ranging from 2.47 to 2.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 2.61 to 2.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.80 from a horizontal line in the daily time frame.
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 PPBT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PPBT is down. |
| ChartMill Relative Strength | 4.78 | NEGATIVE | PPBT has a low relative strength, it was outperformed by 95.22% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PPBT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PPBT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PPBT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 40.26 | NEUTRAL | The RSI value for PPBT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests PPBT has a negative trend. |
| Stochastics (14,3) | 15.01 | OVERSOLD | The low Stochastics value suggests PPBT may be oversold. |
| Average True Range in percent/ATR (20) | 8.18 | HIGH VOLATILITY | The high ATR as a percentage value for PPBT suggests high volalility. |
| Average Directional Index/ADX (14) | 9.86 | NEGATIVE | The low ADX value for PPBT suggests a weak or negative 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)
2.32
+0.02 (+0.87%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg0.87%
1 Week-5.31%
2 Weeks-11.28%
1 Month-6.83%
3 Month-16.41%
6 Month-46.79%
12 Month-71.5%
2 Year-91.68%
3 Year-95.15%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.18
ATR(20)%8.18%
ATR Inc4.68%
Range Today0.2
ADR(20)0.19
ADR(20)%7.98%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS4.78
Mansfield-4.83
10 Day High2.73
10 Day Low2.25
20 Day High2.8
20 Day Low2.25
52 Week High13.95
52 Week Low2
CS1 End2.19
CR1 Start2.38
Volume & EV
DER(3)2.01%
DER(5)7.12%
Volume79.70K
Volume Incr39.99%
Vol(5)36.72K
Vol(50)132.21K