PTC THERAPEUTICS INC (PTCT) Stock Technical Analysis
NASDAQ:PTCT - US69366J2006 - Common Stock
50.57 USD
+1.65 (+3.37%)
50.57 USD
0 (0%)
We assign a technical rating of 7 out of 10 to PTCT. In the past year, PTCT was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
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.
Looking at the yearly performance, PTCT did better than 85% 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 549 other stocks in this industry. PTCT outperforms 75% of them.
PTCT has an average volume of 1227550 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
PTCT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PTCT is lagging the market.
In the last month PTCT has a been trading in the 43.17 - 54.24 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
PTCT has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 49.06, 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.
More info and screens
42.86
52.65
When analyzing the support we can see 3 important areas.
- A support zone ranging from 48.20 to 49.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @45.92 from a trend line in the weekly time frame.
- A support zone ranging from 43.29 to 44.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 51.34 to 52.13. 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 | NEUTRAL | NEUTRAL | The long term trend for PTCT is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PTCT is up. |
| ChartMill Relative Strength | 85.94 | POSITIVE | PTCT has a high relative strength, it outperformed 85.94% 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) | DOWN | MIXED | The current price of PTCT is above a declining 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) | 56.09 | 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. |
| Stochastics (14,3) | 56.68 | NEUTRAL | The Stochastics value for PTCT is a neutral value. |
| Average True Range in percent/ATR (20) | 5.02 | HIGH VOLATILITY | The high ATR as a percentage value for PTCT suggests high volalility. |
| Average Directional Index/ADX (14) | 17.2 | 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)
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 |
|---|---|---|---|
| 52.14 | 48.19 | 3.95 (7.58%) | 13.20% |
| An entry @52.14. This is a Buy Stop order right above the resistance zone. | An exit @48.19. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.95 points, which is 7.58%. | When investing 13.20% 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.
50.57
+1.65 (+3.37%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg3.37%
1 Week3.58%
2 Weeks11.44%
1 Month13.03%
3 Month10.1%
6 Month-0.24%
12 Month48.08%
2 Year28.03%
3 Year1.26%
5 Year2.32%
10 Year32.42%
15 YearN/A
Volatility
ATR(14)2.53
ATR(20)%5.02%
ATR Inc-40.31%
Range Today2.03
ADR(20)2.32
ADR(20)%4.58%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.94
Mansfield0.04
10 Day High54.24
10 Day Low43.18
20 Day High54.24
20 Day Low43.18
52 Week High58.38
52 Week Low30.41
CS1 End49.06
CR1 Start51.34
Volume & EV
DER(3)3.37%
DER(5)2.03%
Volume1.05M
Volume Incr18.62%
Vol(5)1.59M
Vol(50)1.23M