Proteon Therapeutics Inc. (PRTO) Stock Technical Analysis
NASDAQ:PRTO - Nasdaq -
Taking everything into account, PRTO scores 8 out of 10 in our technical rating. 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. The S&P500 Index however is trading in the upper part of its 52 week range, so PRTO is lagging the market.
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.
When comparing the yearly performance of all stocks, we notice that PRTO is one of the better performing stocks in the market, outperforming 97% of all stocks. However, this relatively good performance is mostly due to a recent big move.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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.
More info and screens
0.28
0.84
We found 1 important support area.
- Support @0.28 from a horizontal 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 PRTO is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PRTO is up. |
| ChartMill Relative Strength | 97.6 | POSITIVE | PRTO has a high relative strength, it outperformed 97.6% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PRTO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PRTO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of PRTO is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 90.95 | OVERBOUGHT | The high RSI value suggests PRTO may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests PRTO has a positive trend. |
| Stochastics (14,3) | 90.39 | OVERBOUGHT | The high Stochastics value suggests PRTO may be overbought. |
| Average True Range in percent/ATR (20) | 7.16 | HIGH VOLATILITY | The high ATR as a percentage value for PRTO suggests high volalility. |
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)
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
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