PTC THERAPEUTICS INC (PTCT) Stock Technical Analysis
NASDAQ:PTCT - Nasdaq - US69366J2006 - Common Stock - Currency: USD
Overall PTCT gets a technical rating of 1 out of 10. 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 one of the better performing stocks in the Biotechnology industry, it outperforms 84% of 561 stocks in the same industry.
PTCT has an average volume of 1283920 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
When comparing the yearly performance of all stocks, we notice that PTCT is one of the better performing stocks in the market, outperforming 77% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
PTCT is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so PTCT is lagging the market slightly.
In the last month PTCT has a been trading in the 35.95 - 50.43 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, PTCT does present a nice setup opportunity. 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 46.23. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 45.76, a Stop Loss order could be placed below this zone.
More info and screens
36.20
50.46
3 important support areas can be observed.
- A support zone ranging from 45.06 to 45.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @42.97 from a horizontal line in the weekly time frame.
- A support zone ranging from 36.57 to 36.70. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 46.23 to 46.67. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 49.96 to 49.96. 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 | DOWN | NEGATIVE | The short term trend for PTCT is down. |
| ChartMill Relative Strength | 77.8 | POSITIVE | PTCT has a high relative strength, it outperformed 77.8% 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) | DOWN | NEGATIVE | The current price of PTCT is below 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) | 48.92 | NEUTRAL | The RSI value for PTCT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.27 | POSITIVE | The MACD value suggests PTCT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 77.88 | NEUTRAL | The Stochastics value for PTCT is a neutral value. |
| Average True Range in percent/ATR (20) | 5.82 | HIGH VOLATILITY | The high ATR as a percentage value for PTCT suggests high volalility. |
| Average Directional Index/ADX (14) | 22.28 | NEUTRAL | The ADX value for PTCT suggests a possible start of a new 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)
45.93
+0.41 (+0.9%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0.9%
1 Week-0.17%
2 Weeks3.84%
1 Month-7.27%
3 Month-9.39%
6 Month6.25%
12 Month23.47%
2 Year9.44%
3 Year56.38%
5 Year-9.43%
10 Year-20.93%
15 YearN/A
Volatility
ATR(14)2.49
ATR(20)%5.82%
ATR Inc-59.1%
Range Today1.47
ADR(20)2.09
ADR(20)%4.55%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.8
Mansfield0.77
10 Day High47.96
10 Day Low44.04
20 Day High50.43
20 Day Low35.95
52 Week High58.38
52 Week Low28.72
CS1 End45.76
CR1 Start46.23
Volume & EV
DER(3)-0.12%
DER(5)0.21%
Volume782.50K
Volume Incr-55.86%
Vol(5)716.62K
Vol(50)1.28M