PURPLE BIOTECH LTD-ADR (PPBT) Stock Technical Analysis
NASDAQ:PPBT • US74638P1093
We assign a technical rating of 0 out of 10 to PPBT. 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 98% of all other stocks performed better in the past year than PPBT.
- PPBT is part of the Pharmaceuticals industry. There are 193 other stocks in this industry, of which 82% are performing better than PPBT.
- PPBT is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
- In the last month PPBT has a been trading in the 3.98 - 6.28 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
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
4.21
We found 1 important resistance area.
- Resistance @4.45 from a trend line in the weekly 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 | 2.35 | NEGATIVE | PPBT has a low relative strength, it was outperformed by 97.65% 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) | 24.68 | OVERSOLD | The low RSI value suggests PPBT may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests PPBT has a negative trend. |
| Stochastics (14,3) | 17.72 | OVERSOLD | The low Stochastics value suggests PPBT may be oversold. |
| Average True Range in percent/ATR (20) | 12.04 | HIGH VOLATILITY | The high ATR as a percentage value for PPBT suggests high volalility. |
| Average Directional Index/ADX (14) | 39.72 | POSITIVE | The high ADX value value for PPBT suggests a strong trend. |
4.25
-0.17 (-3.93%)
PURPLE BIOTECH LTD-ADR / PPBT 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 current trend direction of PURPLE BIOTECH LTD-ADR (PPBT) stock?
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 24.6812. This indicates that the stock is currently oversold.
What is the MACD signal for PPBT stock?
The MACD indicator for PURPLE BIOTECH LTD-ADR (PPBT) has a value of -0.105266, indicating a bearish trend.
Can you provide the short term momentum for PURPLE BIOTECH LTD-ADR?
The short term momentum for PURPLE BIOTECH LTD-ADR (PPBT) is negative.