PROTHENA CORP PLC (PRTA) Stock Technical Analysis
NASDAQ:PRTA • IE00B91XRN20
Taking everything into account, PRTA scores 0 out of 10 in our technical rating. PRTA scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- 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, PRTA is a bad performer in the overall market: 90% of all stocks are doing better.
- PRTA is part of the Biotechnology industry. There are 520 other stocks in this industry, of which 71% are performing better than PRTA.
- PRTA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PRTA is lagging the market.
- In the last month PRTA has a been trading in the 8.20 - 9.59 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
PRTA has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
8.12
When analyzing the support we can see 2 important areas.
- Support @8.66 from a horizontal line in the weekly time frame.
- Support @8.20 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- Resistance @8.67 from a trend line in the daily time frame.
- A resistance zone ranging from 8.88 to 9.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 9.67 to 9.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 PRTA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PRTA is down. |
| ChartMill Relative Strength | 10.29 | NEGATIVE | PRTA has a low relative strength, it was outperformed by 89.71% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PRTA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PRTA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PRTA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 40.46 | NEUTRAL | The RSI value for PRTA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests PRTA has a negative trend. |
| Stochastics (14,3) | 38.35 | NEUTRAL | The Stochastics value for PRTA is a neutral value. |
| Average True Range in percent/ATR (20) | 5.95 | HIGH VOLATILITY | The high ATR as a percentage value for PRTA suggests high volalility. |
| Average Directional Index/ADX (14) | 28.48 | POSITIVE | The high ADX value value for PRTA suggests a strong trend. |
8.67
+0.03 (+0.35%)
PROTHENA CORP PLC / PRTA FAQ
What is the ChartMill technical rating of PROTHENA CORP PLC (PRTA) stock?
ChartMill assigns a technical rating of 0 / 10 to PRTA.
What is the trend direction for PRTA stock?
The current trend direction for PROTHENA CORP PLC (PRTA) is Bearish.
What is the RSI signal for PRTA stock?
PROTHENA CORP PLC (PRTA) has an RSI value of 40.4629. This indicates that the stock is currently neutral.
What is the buy/sell signal for PRTA stock?
The buy/sell signal for PROTHENA CORP PLC (PRTA) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for PROTHENA CORP PLC?
PROTHENA CORP PLC (PRTA) has a support level at 8.66 and a resistance level at 8.67. Check the full technical report for our detailed analysis of PRTA support and resistance levels.