PTC THERAPEUTICS INC (PTCT) Stock Technical Analysis
NASDAQ:PTCT - Nasdaq - US69366J2006 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to PTCT. Both in the recent history as in the last year, PTCT has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that PTCT is one of the better performing stocks in the market, outperforming 82% of all 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 557 other stocks in this industry. PTCT outperforms 80% 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.
PTCT is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
PTCT has an average volume of 1267380 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
PTCT has an excellent technical rating, but 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
36.33
57.75
We found 4 important support areas.
- A support zone ranging from 50.81 to 51.60. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 46.44 to 47.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 43.84 to 44.22. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A support zone ranging from 36.70 to 37.00. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 57.15 to 57.18. 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 PTCT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PTCT is up. |
| ChartMill Relative Strength | 82.43 | POSITIVE | PTCT has a high relative strength, it outperformed 82.43% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PTCT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PTCT is above 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) | 61.71 | NEUTRAL | The RSI value for PTCT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.19 | POSITIVE | The MACD value suggests PTCT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 77.46 | NEUTRAL | The Stochastics value for PTCT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.26 | MEDIUM VOLATILITY | The ATR as a percentage value for PTCT suggests some volalility. |
| Average Directional Index/ADX (14) | 17.73 | NEGATIVE | The low ADX value for PTCT suggests a weak or negative 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)
51.87
+0.61 (+1.19%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg1.19%
1 Week0.35%
2 Weeks6.23%
1 Month12.74%
3 Month-9.22%
6 Month12.18%
12 Month42.03%
2 Year27.54%
3 Year29.48%
5 Year2.23%
10 Year7.77%
15 YearN/A
Volatility
ATR(14)1.54
ATR(20)%3.26%
ATR Inc30.32%
Range Today2.09
ADR(20)1.67
ADR(20)%3.21%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.43
Mansfield1.47
10 Day High52.98
10 Day Low48.29
20 Day High52.98
20 Day Low44.32
52 Week High58.38
52 Week Low28.72
CS1 End51.6
CR1 Start57.15
Volume & EV
DER(3)-0.07%
DER(5)-0.7%
Volume932.60K
Volume Incr-33.01%
Vol(5)743.48K
Vol(50)1.27M