PURPLE BIOTECH LTD-ADR (PPBT) Stock Technical Analysis
USA - NASDAQ:PPBT - US74638P1093 - ADR
Overall PPBT gets a technical rating of 1 out of 10. PPBT's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, PPBT does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 0.74, a Stop Loss order could be placed below this zone.
More info and screens
0.55
We found 2 important support areas.
- A support zone ranging from 0.73 to 0.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.56 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- Resistance @0.79 from a trend line in the daily time frame.
- A resistance zone ranging from 0.81 to 0.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.85 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 | NEUTRAL | NEUTRAL | The short term trend for PPBT is neutral. |
| ChartMill Relative Strength | 1.26 | NEGATIVE | PPBT has a low relative strength, it was outperformed by 98.74% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PPBT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of PPBT is above 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) | 48.25 | NEUTRAL | The RSI value for PPBT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests PPBT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 25.39 | NEUTRAL | The Stochastics value for PPBT is a neutral value. |
| Average True Range in percent/ATR (20) | 15.44 | HIGH VOLATILITY | The high ATR as a percentage value for PPBT suggests high volalility. |
| Average Directional Index/ADX (14) | 41.49 | POSITIVE | The high ADX value value for PPBT suggests a strong trend. |
0.7401
-0.05 (-6.2%)
PURPLE BIOTECH LTD-ADR / PPBT FAQ
Can you provide the ChartMill technical rating for PURPLE BIOTECH LTD-ADR?
ChartMill assigns a technical rating of 1 / 10 to PPBT.
Can you provide the trend direction for PURPLE BIOTECH LTD-ADR?
The current trend direction for PURPLE BIOTECH LTD-ADR (PPBT) is Bearish.
What is the RSI signal for PURPLE BIOTECH LTD-ADR (PPBT) stock?
PURPLE BIOTECH LTD-ADR (PPBT) has an RSI value of 48.2452. This indicates that the stock is currently neutral.
What is the MACD signal for PURPLE BIOTECH LTD-ADR (PPBT) stock?
The MACD indicator for PURPLE BIOTECH LTD-ADR (PPBT) has a value of 0.00835118, indicating a bearish trend.
What are the support and resistance levels for PURPLE BIOTECH LTD-ADR (PPBT) stock?
PURPLE BIOTECH LTD-ADR (PPBT) has a support level at 0.74 and a resistance level at 0.79. Check the full technical report for our detailed analysis of PPBT support and resistance levels.