PORTAGE BIOTECH INC (PRTG) Stock Technical Analysis
NASDAQ:PRTG - Nasdaq - VGG7185A1369 - Common Stock - Currency: USD
Overall PRTG gets a technical rating of 3 out of 10. 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 has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 6.20. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 5.55, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for PRTG in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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3.41
When analyzing the support we can see 4 important areas.
- A support zone ranging from 5.46 to 5.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 5.25 to 5.28. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @3.96 from a horizontal line in the daily time frame.
- Support @3.44 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 6.20 to 6.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 6.54 to 6.62. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly 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 PRTG is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PRTG is down. |
| ChartMill Relative Strength | 80.33 | POSITIVE | PRTG has a high relative strength, it outperformed 80.33% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of PRTG is above 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) | 47.83 | NEUTRAL | The RSI value for PRTG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests PRTG has a positive trend. |
| Stochastics (14,3) | 51.76 | NEUTRAL | The Stochastics value for PRTG is a neutral value. |
| Average True Range in percent/ATR (20) | 9.09 | HIGH VOLATILITY | The high ATR as a percentage value for PRTG suggests high volalility. |
| Average Directional Index/ADX (14) | 14.77 | NEGATIVE | The low ADX value for PRTG suggests a weak or negative trend. |
NASDAQ:PRTG (7/11/2025, 8:00:00 PM)
6.19
+0.07 (+1.14%)