Taking everything into account, PTCT scores 8 out of 10 in our technical rating. In the last year, PTCT was one of the better performers, but we do observe some doubts in the very recent evolution.
- 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.
- Looking at the yearly performance, PTCT did better than 90% of all other stocks. We also observe that the gains produced by PTCT over the past year are nicely spread over this period.
- PTCT is part of the Biotechnology industry. There are 525 other stocks in this industry. PTCT outperforms 75% of them.
- PTCT is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so PTCT is lagging the market slightly.
- In the last month PTCT has a been trading in the 69.81 - 80.18 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- PTCT has an average volume of 1664110 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, PTCT also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 75.28, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for PTCT in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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When analyzing the support we can see 5 important areas.
- A support zone ranging from 72.48 to 75.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @55.90 from a trend line in the daily time frame.
- Support @52.68 from a trend line in the weekly time frame.
- Support @47.91 from a trend line in the weekly time frame.
- Support @43.84 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @78.90 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 | UP | POSITIVE | The long term trend for PTCT is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PTCT is neutral. |
| ChartMill Relative Strength | 90 | POSITIVE | PTCT has a high relative strength, it outperformed 90% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PTCT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of PTCT is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PTCT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.83 | NEUTRAL | The RSI value for PTCT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests PTCT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 57.51 | NEUTRAL | The Stochastics value for PTCT is a neutral value. |
| Average True Range in percent/ATR (20) | 4.18 | MEDIUM VOLATILITY | The ATR as a percentage value for PTCT suggests some volalility. |
| Average Directional Index/ADX (14) | 16.17 | NEGATIVE | The low ADX value for PTCT suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 78.91 | 72.47 | 6.44 (8.16%) | 12.25% |
| An entry @78.91. This is a Buy Stop order right above the resistance zone. | An exit @72.47. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 6.44 points, which is 8.16%. | For a 1.00% total portfolio risk, you can invest 12.25% of your capital in this trade. |
- 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.
75.6
+0.11 (+0.15%)
PTC THERAPEUTICS INC / PTCT FAQ
What is the ChartMill technical rating of PTC THERAPEUTICS INC (PTCT) stock?
ChartMill assigns a technical rating of 8 / 10 to PTCT.
What is the trend direction for PTCT stock?
The current trend direction for PTC THERAPEUTICS INC (PTCT) is Bullish.
Can you provide the RSI signal for PTC THERAPEUTICS INC?
PTC THERAPEUTICS INC (PTCT) has an RSI value of 48.8343. This indicates that the stock is currently neutral.
What is the support and resistance level for PTCT stock?
PTC THERAPEUTICS INC (PTCT) has a support level at 75.28 and a resistance level at 78.9. Check the full technical report for our detailed analysis of PTCT support and resistance levels.