PARATEK PHARMACEUTICALS INC (PRTK) Stock Technical Analysis
NASDAQ:PRTK - Nasdaq - US6993743029 - Common Stock - Currency: USD
Overall PRTK gets a technical rating of 6 out of 10. Although PRTK is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
When compared to the yearly performance of all other stocks, PRTK outperforms 48% of them, which is more or less in line with the market.
PRTK is part of the Pharmaceuticals industry. There are 193 other stocks in this industry, PRTK did better than 52% of them.
PRTK is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PRTK is lagging the market.
In the last month PRTK has a been trading in a tight range between 2.18 and 2.24.
Volume is considerably higher in the last couple of days.
PRTK has an average technical rating and the quality of the presented setup is also not ideal 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
1.63
2.28
We found 3 important support areas.
- A support zone ranging from 2.17 to 2.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.78 from a trend line in the daily time frame.
- Support @1.65 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 2.24 to 2.26. 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 PRTK is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PRTK is neutral. |
| ChartMill Relative Strength | 48.22 | NEUTRAL | PRTK is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PRTK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PRTK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PRTK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.19 | NEUTRAL | The RSI value for PRTK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests PRTK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 41.11 | NEUTRAL | The Stochastics value for PRTK is a neutral value. |
| Average True Range in percent/ATR (20) | 1.08 | LOW VOLATILITY | The low ATR as a percentage value for PRTK suggests low volalility. |
| Average Directional Index/ADX (14) | 24.72 | NEUTRAL | The ADX value for PRTK 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)
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 |
|---|---|---|---|
| 2.27 | 2.17 | 0.10 (4.41%) | 22.70% |
| An entry @2.27. This is a Buy Stop order right above the resistance zone. | An exit @2.17. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.10 points, which is 4.41%. | When investing 22.70% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
2.23
+0.04 (+1.83%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg1.83%
1 Week1.36%
2 Weeks1.36%
1 Month2.29%
3 Month0.9%
6 Month35.15%
12 Month-2.62%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.02
ATR(20)%1.08%
ATR Inc54.19%
Range Today0.05
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS48.22
Mansfield-0.49
10 Day High2.24
10 Day Low2.18
20 Day High2.24
20 Day Low2.18
52 Week High3.65
52 Week Low1.29
CS1 End2.21
CR1 Start2.24
Volume & EV
DER(3)3.74%
DER(5)3.55%
Volume4.76M
Volume Incr662.2%
Vol(5)2.83M
Vol(50)626.06K