PTC THERAPEUTICS INC (PTCT)       41.49  +1.14 (+2.83%)

41.49  +1.14 (+2.83%)

US69366J2006 - Common Stock - After market: 41.49 0 (0%)

Technical Rating

2

We assign a technical rating of 2 out of 10 to PTCT. PTCT has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.



PTCT is part of the Biotechnology industry. There are 631 other stocks in this industry. PTCT outperforms 79% of them.
In the last month PTCT has a been trading in the 33.25 - 41.53 range, which is quite wide. It is currently trading near the high of this range.
When comparing the performance of all stocks over the past year, PTCT turns out to be only a medium performer in the overall market: it outperformed 63% of all stocks.
PTCT is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.

Statistics

1 Month 3 Months 6 Months 12 Months 9.97% -20.03% 44.72% 17.34% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 63.49 25.01 - 55.5799
PTCT Weekly chart
PTCT Daily chart

Support/Resistance Analysis


35.54

54.25
We found 2 important support areas.
  • A support zone ranging from 39.39 to 39.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 35.90 to 35.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
  • A resistance zone ranging from 41.50 to 41.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @51.57 from a trend line in the weekly time frame.
  • Resistance @53.71 from a horizontal line in the daily time frame.

Setup Analysis

Setup Rating

7

PTCT has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 41.5. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 39.82, a Stop Loss order could be placed below this zone.


PTCT Daily chart

PTC THERAPEUTICS INC41.49

NASDAQ:PTCT (11/30/2022, 7:00:01 PM)+1.14 (+2.83%)

After market: 41.49 0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Health Care
GICS Industry Biotechnology
Performance
Today 2.83% 1 Week 3.47%
2 Weeks 9.04% 1 Month 9.97%
3 Month -20.03% 6 Month 44.72%
Volatility
ATR(14) 1.86 ATR(20)% 4.29%
ATR Inc -5.68% Range Today 1.66
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 63.49 Mansfield 0.18
10 Day High 41.53 10 Day Low 37.08
20 Day High 41.53 20 Day Low 33.25
52 Week High 55.58 52 Week Low 25.01
CS1 End 39.82 CR1 Start 41.5
Volume & EV
DER(3) -0.29% DER(5) 0.22%
Volume 503.80K Volume Incr -37.43%
Vol(5) 447.54K Vol(50) 631.96K

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