PORTAGE BIOTECH INC (PRTG) Stock Technical Analysis
NASDAQ:PRTG - Nasdaq - VGG7185A1369 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to PRTG. Although PRTG is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
PRTG is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so PRTG is lagging the market.
In the last month PRTG has a been trading in the 5.95 - 9.24 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
PRTG is one of the better performing stocks in the Biotechnology industry, it outperforms 87% of 559 stocks in the same industry.
PRTG has an average volume of 1027260 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
Looking at the yearly performance, PRTG did better than 90% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
Considerably lower volume is observed in the last couple of days.
The technical rating of PRTG is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
3.26
8.16
We found 5 important support areas.
- Support @5.14 from a trend line in the weekly time frame.
- Support @4.96 from a trend line in the daily time frame.
- Support @3.96 from a horizontal line in the daily time frame.
- Support @3.38 from a trend line in the weekly time frame.
- Support @3.29 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 7.76 to 7.82. 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 8.03 to 8.08. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The long term trend for PRTG is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PRTG is down. |
| ChartMill Relative Strength | 90.72 | POSITIVE | PRTG has a high relative strength, it outperformed 90.72% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PRTG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PRTG is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of PRTG is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 33.91 | NEUTRAL | The RSI value for PRTG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.23 | NEGATIVE | The MACD value suggests PRTG has a negative trend. |
| Stochastics (14,3) | 4.37 | OVERSOLD | The low Stochastics value suggests PRTG may be oversold. |
| Average True Range in percent/ATR (20) | 12.62 | HIGH VOLATILITY | The high ATR as a percentage value for PRTG suggests high volalility. |
| Average Directional Index/ADX (14) | 29.42 | POSITIVE | The high ADX value value for PRTG suggests a strong trend. |
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)
5.99
-0.32 (-5.07%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-5.07%
1 Week-28.78%
2 Weeks-25.5%
1 Month-20.66%
3 Month42.23%
6 Month99.67%
12 Month19.8%
2 Year-91.43%
3 Year-95.71%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.77
ATR(20)%12.62%
ATR Inc22.76%
Range Today0.64
ADR(20)0.75
ADR(20)%12.49%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.72
Mansfield0.6
10 Day High9.24
10 Day Low5.95
20 Day High9.24
20 Day Low5.95
52 Week High23.01
52 Week Low2.1
CS1 End5.14
CR1 Start7.76
Volume & EV
DER(3)-12.38%
DER(5)-11.06%
Volume17.60K
Volume Incr5.58%
Vol(5)32.62K
Vol(50)1.03M