PROTHENA CORP PLC (PRTA) Stock Technical Analysis
USA - NASDAQ:PRTA - IE00B91XRN20 - Common Stock
Taking everything into account, PRTA scores 6 out of 10 in our technical rating. Although PRTA is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although the technical rating is only medium, PRTA does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 9.81, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
9.29
When analyzing the support we notice one important area.
- A support zone ranging from 9.38 to 9.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 10.60 to 10.76. 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 | UP | POSITIVE | The long term trend for PRTA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PRTA is neutral. |
| ChartMill Relative Strength | 36.98 | NEUTRAL | PRTA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PRTA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PRTA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of PRTA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.01 | NEUTRAL | The RSI value for PRTA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests PRTA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 31.12 | NEUTRAL | The Stochastics value for PRTA is a neutral value. |
| Average True Range in percent/ATR (20) | 5.47 | HIGH VOLATILITY | The high ATR as a percentage value for PRTA suggests high volalility. |
| Average Directional Index/ADX (14) | 45.52 | POSITIVE | The high ADX value value for PRTA suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 10.77 | 9.72 | 1.05 (9.75%) | 10.26% |
| An entry @10.77. This is a Buy Stop order right above the resistance zone. | An exit @9.72. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.05 points, which is 9.75%. | For a 1.00% total portfolio risk, you can invest 10.26% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
10.56
+0.48 (+4.76%)
PROTHENA CORP PLC / PRTA FAQ
What is the ChartMill technical rating of PROTHENA CORP PLC (PRTA) stock?
ChartMill assigns a technical rating of 6 / 10 to PRTA.
Can you provide the trend direction for PROTHENA CORP PLC?
The current trend direction for PROTHENA CORP PLC (PRTA) is Bullish.
What is the RSI signal for PRTA stock?
PROTHENA CORP PLC (PRTA) has an RSI value of 58.0096. This indicates that the stock is currently neutral.
What is the short term momentum for PROTHENA CORP PLC (PRTA) stock?
The short term momentum for PROTHENA CORP PLC (PRTA) is neutral.
What are the support and resistance levels for PROTHENA CORP PLC (PRTA) stock?
PROTHENA CORP PLC (PRTA) has a support level at 9.81 and a resistance level at 10.6. Check the full technical report for our detailed analysis of PRTA support and resistance levels.