Overall PTCT gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, PTCT is showing a nice and steady performance.
Besides having an excellent technical rating, PTCT also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 77.17, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
43.40
6 important support areas can be observed.
- A support zone ranging from 75.64 to 77.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 72.98 to 74.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @53.64 from a trend line in the daily time frame.
- Support @51.21 from a trend line in the weekly time frame.
- Support @47.32 from a trend line in the weekly time frame.
- Support @43.84 from a horizontal line in the weekly 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 | UP | POSITIVE | The short term trend for PTCT is up. |
| ChartMill Relative Strength | 93.73 | POSITIVE | PTCT has a high relative strength, it outperformed 93.73% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of PTCT is above a declining 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) | 57.11 | NEUTRAL | The RSI value for PTCT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests PTCT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 72.01 | NEUTRAL | The Stochastics value for PTCT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.53 | MEDIUM VOLATILITY | The ATR as a percentage value for PTCT suggests some volalility. |
| Average Directional Index/ADX (14) | 19.8 | 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 |
|---|---|---|---|
| 80.21 | 75.63 | 4.58 (5.71%) | 17.51% |
| An entry @80.21. This is a Buy Stop order right above the 10 day high. | An exit @75.63. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 4.58 points, which is 5.71%. | For a 1.00% total portfolio risk, you can invest 17.51% 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.
78.56
+0.19 (+0.24%)
PTC THERAPEUTICS INC / PTCT FAQ
What is the ChartMill technical rating of PTC THERAPEUTICS INC (PTCT) stock?
ChartMill assigns a technical rating of 10 / 10 to PTCT.
Can you provide the trend direction for PTC THERAPEUTICS INC?
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 57.1111. This indicates that the stock is currently neutral.
What is the buy/sell signal for PTC THERAPEUTICS INC (PTCT) stock?
The buy/sell signal for PTC THERAPEUTICS INC (PTCT) is buy as both the short term and long term trends are positive.
What is the support and resistance level for PTCT stock?
PTC THERAPEUTICS INC (PTCT) has a support level at 77.17. Check the full technical report for our detailed analysis of PTCT support and resistance levels.