PARATEK PHARMACEUTICALS INC (PRTK) Technical Analysis
NASDAQ:PRTK • US6993743029
Current stock price
PRTK Technical Rating and Analysis
We assign a technical rating of 6 out of 10 to PRTK. 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 long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt 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 192 other stocks in this industry, PRTK did better than 58% of them.
- PRTK is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so PRTK is lagging the market slightly.
- 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 Weekly and Daily overview Charts
PRTK Setup Rating and Analysis
PRTK has an average technical rating and also the quality of the setup is only medium 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
PRTK Support and Resistance Analysis
1.63
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.
PRTK Technical Indicator Signal Analysis
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. |
PRTK Chart- and CandleStick Pattern Analysis
PRTK Example Setup
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 trade has a worst case loss of 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.
PRTK Technicals: Chart, Performance Metrics, Trend & Indicators
2.23
+0.04 (+1.83%)
PARATEK PHARMACEUTICALS INC / PRTK TA FAQ
What is the ChartMill technical rating of PARATEK PHARMACEUTICALS INC (PRTK) stock?
ChartMill assigns a technical rating of 6 / 10 to PRTK.
What is the trend direction for PRTK stock?
The current trend direction for PARATEK PHARMACEUTICALS INC (PRTK) is Bullish.
What is the RSI signal for PRTK stock?
PARATEK PHARMACEUTICALS INC (PRTK) has an RSI value of 59.187. This indicates that the stock is currently neutral.
What is the short term momentum for PRTK stock?
The short term momentum for PARATEK PHARMACEUTICALS INC (PRTK) is neutral.
What are the support and resistance levels for PARATEK PHARMACEUTICALS INC (PRTK) stock?
PARATEK PHARMACEUTICALS INC (PRTK) has a support level at 2.21 and a resistance level at 2.24. Check the full technical report for our detailed analysis of PRTK support and resistance levels.