PURPLE BIOTECH LTD-ADR (PPBT) Stock Technical Analysis
USA - NASDAQ:PPBT - US74638P1093 - ADR
We assign a technical rating of 2 out of 10 to PPBT. In the past year, PPBT was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
The technical rating of PPBT is bad and it also does not present a 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
0.55
When analyzing the support we notice one important area.
- Support @0.56 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 | UP | POSITIVE | The short term trend for PPBT is up. |
| ChartMill Relative Strength | 1.11 | NEGATIVE | PPBT has a low relative strength, it was outperformed by 98.89% 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 | 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) | 53.31 | NEUTRAL | The RSI value for PPBT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests PPBT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 43.13 | NEUTRAL | The Stochastics value for PPBT is a neutral value. |
| Average True Range in percent/ATR (20) | 11.67 | HIGH VOLATILITY | The high ATR as a percentage value for PPBT suggests high volalility. |
| Average Directional Index/ADX (14) | 40.28 | POSITIVE | The high ADX value value for PPBT suggests a strong trend. |
0.7851
-0.15 (-16.47%)
PURPLE BIOTECH LTD-ADR / PPBT FAQ
Can you provide the ChartMill technical rating for PURPLE BIOTECH LTD-ADR?
ChartMill assigns a technical rating of 2 / 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 53.3143. 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 0.0581994, 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 0.56. Check the full technical report for our detailed analysis of PPBT support and resistance levels.