PTC THERAPEUTICS INC (PTCT) Stock Technical Analysis
USA - NASDAQ:PTCT - US69366J2006 - Common Stock
Overall PTCT gets a technical rating of 10 out of 10. Both in the recent history as in the last year, PTCT has proven to be a steady performer, scoring decent points in every aspect analyzed.
Although PTCT has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
43.40
We found 5 important support areas.
- A support zone ranging from 66.17 to 67.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 51.16 to 51.82. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @49.74 from a trend line in the weekly time frame.
- Support @46.73 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 | 95.94 | POSITIVE | PTCT has a high relative strength, it outperformed 95.94% 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) | 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) | 78.19 | OVERBOUGHT | The high RSI value suggests PTCT may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.27 | POSITIVE | The MACD value suggests PTCT has a positive trend. |
| Stochastics (14,3) | 84.89 | OVERBOUGHT | The high Stochastics value suggests PTCT may be overbought. |
| Average True Range in percent/ATR (20) | 3.54 | MEDIUM VOLATILITY | The ATR as a percentage value for PTCT suggests some volalility. |
| Average Directional Index/ADX (14) | 40.4 | POSITIVE | The high ADX value value for PTCT suggests a strong trend. |
78.47
+2.01 (+2.63%)
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 78.1924. This indicates that the stock is currently overbought.
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 67.72. Check the full technical report for our detailed analysis of PTCT support and resistance levels.