BIORA THERAPEUTICS INC (PROG) Stock Technical Analysis
USA - NASDAQ:PROG - US74319F1075 - Common Stock
Taking everything into account, PROG scores 0 out of 10 in our technical rating. PROG scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, PROG does present a nice setup opportunity. 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
We found 1 important support 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.
When analyzing the resistance we notice 3 important areas.
- 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. |
0.8845
-0.03 (-3.47%)
BIORA THERAPEUTICS INC / PROG FAQ
What is the ChartMill technical rating of BIORA THERAPEUTICS INC (PROG) stock?
ChartMill assigns a technical rating of 0 / 10 to PROG.
What is the trend direction for PROG stock?
The current trend direction for BIORA THERAPEUTICS INC (PROG) is Bearish.
What is the RSI signal for BIORA THERAPEUTICS INC (PROG) stock?
BIORA THERAPEUTICS INC (PROG) has an RSI value of 38.2476. This indicates that the stock is currently neutral.
What is the MACD signal for PROG stock?
The MACD indicator for BIORA THERAPEUTICS INC (PROG) has a value of 0.0106199, indicating a bearish trend.
What is the short term momentum for PROG stock?
The short term momentum for BIORA THERAPEUTICS INC (PROG) is negative.