PURPLE BIOTECH LTD-ADR (PPBT) Technical Analysis
NASDAQ:PPBT • US74638P1093
Current stock price
PPBT Technical Rating and Analysis
Taking everything into account, PPBT scores 0 out of 10 in our technical rating. 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 97% of all other stocks performed better in the past year than PPBT.
- PPBT is one of the lesser performing stocks in the Pharmaceuticals industry. 83% of 192 stocks in the same industry do better.
- 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 3.60 - 5.13 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
PPBT Weekly and Daily overview Charts
PPBT Setup Rating and Analysis
Although the technical rating is bad, PPBT does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. 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
PPBT Support and Resistance Analysis
3.68
When analyzing the support we can see 2 important areas.
- A support zone ranging from 3.97 to 4.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.72 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @4.30 from a horizontal line in the daily time frame.
PPBT 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 PPBT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PPBT is down. |
| ChartMill Relative Strength | 3.04 | NEGATIVE | PPBT has a low relative strength, it was outperformed by 96.96% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of PPBT is above 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) | 44.49 | NEUTRAL | The RSI value for PPBT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests PPBT has a positive trend. |
| Stochastics (14,3) | 78.09 | NEUTRAL | The Stochastics value for PPBT is a neutral value. |
| Average True Range in percent/ATR (20) | 9.19 | HIGH VOLATILITY | The high ATR as a percentage value for PPBT suggests high volalility. |
| Average Directional Index/ADX (14) | 34.79 | POSITIVE | The high ADX value value for PPBT suggests a strong trend. |
PPBT Chart- and CandleStick Pattern Analysis
PPBT Technicals: Chart, Performance Metrics, Trend & Indicators
4.11
-0.18 (-4.2%)
PURPLE BIOTECH LTD-ADR / PPBT TA FAQ
Can you provide the ChartMill technical rating for PURPLE BIOTECH LTD-ADR?
ChartMill assigns a technical rating of 0 / 10 to PPBT.
What is the trend direction for PPBT stock?
The current trend direction for PURPLE BIOTECH LTD-ADR (PPBT) is Bearish.
Can you provide the RSI signal for PURPLE BIOTECH LTD-ADR?
PURPLE BIOTECH LTD-ADR (PPBT) has an RSI value of 44.4877. This indicates that the stock is currently neutral.
Can you provide the MACD signal for PURPLE BIOTECH LTD-ADR?
The MACD indicator for PURPLE BIOTECH LTD-ADR (PPBT) has a value of 0.0895506, indicating a bearish trend.
What is the support and resistance level for PPBT stock?
PURPLE BIOTECH LTD-ADR (PPBT) has a support level at 4.07 and a resistance level at 4.3. Check the full technical report for our detailed analysis of PPBT support and resistance levels.