BIORA THERAPEUTICS INC (PROG) Stock Technical Analysis
NASDAQ:PROG - Nasdaq - US74319F1075 - Common Stock
We assign a technical rating of 0 out of 10 to PROG. PROG'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.
When comparing the yearly performance of all stocks, PROG is a bad performer in the overall market: 91% of all stocks are doing better.
PROG is one of the lesser performing stocks in the Health Care Providers & Services industry. 75% of 102 stocks in the same industry do better.
PROG 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 PROG is lagging the market.
In the last month PROG has a been trading in the 0.79 - 1.17 range, which is quite wide. It is currently trading near the lows of this range.
PROG has an average volume of 6822160 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
PROG has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 0.84, a Stop Loss order could be placed below this zone.
More info and screens
0.82
1.40
When analyzing the support we notice one important area.
- A support zone ranging from 0.83 to 0.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 0.96 to 0.97. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 1.23 to 1.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.39 from a trend 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 PROG is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PROG is down. |
| ChartMill Relative Strength | 9.79 | NEGATIVE | PROG has a low relative strength, it was outperformed by 90.21% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PROG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PROG is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PROG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 38.25 | NEUTRAL | The RSI value for PROG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests PROG has a positive trend. |
| Stochastics (14,3) | 50.92 | NEUTRAL | The Stochastics value for PROG is a neutral value. |
| Average True Range in percent/ATR (20) | 9.96 | HIGH VOLATILITY | The high ATR as a percentage value for PROG suggests high volalility. |
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)
0.8845
-0.03 (-3.47%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg-3.47%
1 Week5.65%
2 Weeks-8.05%
1 Month-25.67%
3 Month-42.19%
6 Month-74.87%
12 Month-67.48%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%9.96%
ATR Inc1.59%
Range Today0.08
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.79
Mansfield-5.27
10 Day High1.01
10 Day Low0.79
20 Day High1.17
20 Day Low0.79
52 Week High6.2
52 Week Low0.66
CS1 End0.84
CR1 Start0.96
Volume & EV
DER(3)-0.88%
DER(5)0.02%
Volume2.78M
Volume Incr-14.79%
Vol(5)4.04M
Vol(50)6.82M