PTC THERAPEUTICS INC (PTCT) Stock Technical Analysis
NASDAQ:PTCT • US69366J2006
Taking everything into account, PTCT scores 1 out of 10 in our technical rating. 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.
- In the last month PTCT has a been trading in the 64.67 - 77.59 range, which is quite wide. It is currently trading near the lows of this range.
- PTCT has an average volume of 1236200 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 compared to the yearly performance of all other stocks, PTCT outperforms 43% of them, which is more or less in line with the market.
- PTCT is an average performer in the Biotechnology industry, it outperforms 50% of 521 stocks in the same industry.
- 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.
Although the technical rating is bad, PTCT does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 71.29. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 68.18, a Stop Loss order could be placed below this zone.
More info and screens
43.40
3 important support areas can be observed.
- A support zone ranging from 67.76 to 68.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @53.86 from a trend line in the weekly time frame.
- Support @43.84 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 71.29 to 72.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 74.33 to 77.59. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 43.88 | NEUTRAL | PTCT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PTCT is below 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) | 34.41 | NEUTRAL | The RSI value for PTCT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests PTCT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 31.84 | NEUTRAL | The Stochastics value for PTCT is a neutral value. |
| Average True Range in percent/ATR (20) | 4.23 | MEDIUM VOLATILITY | The ATR as a percentage value for PTCT suggests some volalility. |
| Average Directional Index/ADX (14) | 41.47 | POSITIVE | The high ADX value value for PTCT suggests a strong trend. |
68.19
+0.09 (+0.13%)
PTC THERAPEUTICS INC / PTCT FAQ
What is the ChartMill technical rating of PTC THERAPEUTICS INC (PTCT) stock?
ChartMill assigns a technical rating of 1 / 10 to PTCT.
What is the trend direction for PTCT stock?
The current trend direction for PTC THERAPEUTICS INC (PTCT) is Bearish.
Can you provide the RSI signal for PTC THERAPEUTICS INC?
PTC THERAPEUTICS INC (PTCT) has an RSI value of 34.4053. This indicates that the stock is currently neutral.
What is the support and resistance level for PTCT stock?
PTC THERAPEUTICS INC (PTCT) has a support level at 68.18 and a resistance level at 71.29. Check the full technical report for our detailed analysis of PTCT support and resistance levels.