BIORA THERAPEUTICS INC (PROG) Stock Technical Analysis
NASDAQ:PROG • US74319F1075
Overall PROG gets a technical rating of 0 out of 10. 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.
- 91% of all other stocks performed better in the past year than PROG.
- PROG is part of the Health Care Providers & Services industry. There are 102 other stocks in this industry, of which 73% are performing better than PROG.
- PROG is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- 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.
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 current trend direction of BIORA THERAPEUTICS INC (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 short term momentum for BIORA THERAPEUTICS INC (PROG) stock?
The short term momentum for BIORA THERAPEUTICS INC (PROG) is negative.
Can you provide the buy/sell signal for BIORA THERAPEUTICS INC?
The buy/sell signal for BIORA THERAPEUTICS INC (PROG) is sell as both the short term and long term trends are negative.