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Proteon Therapeutics Inc. (PRTO) Stock Technical Analysis

USA - Nasdaq - NASDAQ:PRTO -

0.8352
+0.19 (+28.45%)
Last: 1/9/2020, 8:26:19 PM
0.712
-0.12 (-14.75%)
After Hours: 1/9/2020, 8:26:19 PM
Technical Rating and Analysis

8

We assign a technical rating of 8 out of 10 to PRTO. PRTO has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.

PRTO 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.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month PRTO has a been trading in the 0.28 - 0.95 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Looking at the yearly performance, PRTO did better than 97% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Weekly and Daily overview Charts
Proteon Therapeutics Inc. / PRTO Weekly stock chart
Proteon Therapeutics Inc. / PRTO Daily stock chart
Setup Rating and Analysis

1

Although PRTO has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.

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Support and Resistance Analysis

0.28

0.84

We found 1 important support area.

  • Support @0.28 from a horizontal line in the daily time frame.

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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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorNEUTRALNEUTRALThe long term trend for PRTO is neutral.
ChartMill Short Term Trend IndicatorUPPOSITIVEThe short term trend for PRTO is up.
ChartMill Relative Strength97.6POSITIVEPRTO has a high relative strength, it outperformed 97.6% off all stocks on the market.
Simple Moving Average/SMA (20)UPPOSITIVEThe current price of PRTO is above the rising SMA(20).
Simple Moving Average/SMA (50)UPPOSITIVEThe current price of PRTO is above the rising SMA(50).
Simple Moving Average/SMA (200)DOWNMIXEDThe current price of PRTO is above a declining SMA(200).
Relative Strength Index/RSI (14)90.95OVERBOUGHTThe high RSI value suggests PRTO may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)0.04POSITIVEThe MACD value suggests PRTO has a positive trend.
Stochastics (14,3)90.39OVERBOUGHTThe high Stochastics value suggests PRTO may be overbought.
Average True Range in percent/ATR (20)7.16HIGH VOLATILITYThe high ATR as a percentage value for PRTO suggests high volalility.
Chart- and CandleStick Pattern Analysis
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)

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Proteon Therapeutics Inc. / PRTO Daily stock chart

Proteon Therapeutics Inc.

NASDAQ:PRTO (1/9/2020, 8:26:19 PM)

After market: 0.712 -0.12 (-14.75%)

0.8352

+0.19 (+28.45%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg28.45%
1 Week79.3%
2 Weeks188.7%
1 Month161%
3 Month229.21%
6 Month85.31%
12 Month-66.46%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.07
ATR(20)%7.16%
ATR Inc467.17%
Range Today0.32
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
CRS97.6
3 months CRSN/A
6 months CRSN/A
Mansfield-1.78
10 Day High0.96
10 Day Low0.29
20 Day High0.96
20 Day Low0.28
52 Week High3.94
52 Week Low0.22
CS1 End0.28
CR1 StartN/A
Volume & EV
DER(3)10.11%
DER(5)5.47%
Volume3.93M
Volume Incr451.46%
Vol(5)1.25M
Vol(50)304.32K

Proteon Therapeutics Inc. / PRTO FAQ

What is the ChartMill technical rating of Proteon Therapeutics Inc. (PRTO) stock?

ChartMill assigns a technical rating of 7 / 10 to PRTO.


What is the current trend direction of Proteon Therapeutics Inc. (PRTO) stock?

The current trend direction for Proteon Therapeutics Inc. (PRTO) is Bearish.


What is the RSI signal for Proteon Therapeutics Inc. (PRTO) stock?

Proteon Therapeutics Inc. (PRTO) has an RSI value of 90.9491. This indicates that the stock is currently overbought.


What is the MACD signal for PRTO stock?

The MACD indicator for Proteon Therapeutics Inc. (PRTO) has a value of 0.0444607, indicating a bearish trend.


Can you provide the short term momentum for Proteon Therapeutics Inc.?

The short term momentum for Proteon Therapeutics Inc. (PRTO) is positive.