PORTAGE BIOTECH INC (PRTG) Stock Technical Analysis
USA - NASDAQ:PRTG - VGG7185A1369 - Common Stock
6.81 USD
-0.15 (-2.16%)
7.4101 USD
+0.6 (+8.81%)
Overall PRTG gets a technical rating of 6 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 is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
When comparing the yearly performance of all stocks, we notice that PRTG is one of the better performing stocks in the market, outperforming 92% of all stocks.
PRTG is part of the Biotechnology industry. There are 540 other stocks in this industry. PRTG outperforms 86% of them.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
In the last month PRTG has a been trading in the 6.80 - 10.25 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
PRTG has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
5.24
9.56
We found 4 important support areas.
- A support zone ranging from 6.80 to 6.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 5.76 to 5.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @5.56 from a trend line in the daily time frame.
- Support @5.29 from a horizontal line in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 6.82 to 6.86. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @8.56 from a trend line in the daily time frame.
- Resistance @9.02 from a trend line in the weekly time frame.
- Resistance @9.47 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 | NEUTRAL | NEUTRAL | The long term trend for PRTG is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PRTG is neutral. |
| ChartMill Relative Strength | 92.16 | POSITIVE | PRTG has a high relative strength, it outperformed 92.16% 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) | UP | MIXED | The current price of PRTG is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PRTG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 41.83 | NEUTRAL | The RSI value for PRTG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.27 | NEGATIVE | The MACD value suggests PRTG has a negative trend. |
| Stochastics (14,3) | 4.42 | OVERSOLD | The low Stochastics value suggests PRTG may be oversold. |
| Average True Range in percent/ATR (20) | 15.65 | HIGH VOLATILITY | The high ATR as a percentage value for PRTG suggests high volalility. |
| Average Directional Index/ADX (14) | 23.56 | NEUTRAL | The ADX value for PRTG suggests a possible start of a new 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)
6.81
-0.15 (-2.16%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-2.16%
1 Week-13.25%
2 Weeks-14.87%
1 Month-2.99%
3 Month-19.02%
6 Month53.03%
12 Month129.29%
2 Year-83.71%
3 Year-95.01%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.93
ATR(20)%15.65%
ATR Inc112.69%
Range Today2.63
ADR(20)1.03
ADR(20)%15.13%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.16
Mansfield0.16
10 Day High9.7
10 Day Low6.8
20 Day High10.25
20 Day Low6.8
52 Week High23.01
52 Week Low2.81
CS1 End6.8
CR1 Start6.82
Volume & EV
DER(3)1.19%
DER(5)-1.62%
Volume388.20K
Volume Incr102.77%
Vol(5)103.30K
Vol(50)125.43K