POLARITYTE INC (PTE) Technical Analysis
NASDAQ:PTE • US7310942070
Current stock price
PTE Technical Rating and Analysis
Overall PTE gets a technical rating of 0 out of 10. PTE scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 99% of all other stocks performed better in the past year than PTE.
- PTE is one of the lesser performing stocks in the Biotechnology industry. 88% of 517 stocks in the same industry do better.
- PTE is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so PTE is lagging the market.
- In the last month PTE has a been trading in the 0.20 - 0.44 range, which is quite wide. It is currently trading near the lows of this range.
- Volume is considerably higher in the last couple of days.
PTE Weekly and Daily overview Charts
PTE Setup Rating and Analysis
The technical rating of PTE is bad and it also does not present a 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
PTE Support and Resistance Analysis
0.24
We can see 2 important resistance areas.
- A resistance zone ranging from 0.40 to 0.40. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @0.43 from a trend line in the daily time frame.
PTE Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The long term trend for PTE is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PTE is down. |
| ChartMill Relative Strength | 1.42 | NEGATIVE | PTE has a low relative strength, it was outperformed by 98.58% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PTE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PTE is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PTE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 33.43 | NEUTRAL | The RSI value for PTE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests PTE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 18.71 | OVERSOLD | The low Stochastics value suggests PTE may be oversold. |
| Average True Range in percent/ATR (20) | 17.73 | HIGH VOLATILITY | The high ATR as a percentage value for PTE suggests high volalility. |
| Average Directional Index/ADX (14) | 23.56 | NEUTRAL | The ADX value for PTE suggests a possible start of a new trend. |
PTE Chart- and CandleStick Pattern Analysis
PTE Technicals: Chart, Performance Metrics, Trend & Indicators
0.241
0 (-0.82%)
POLARITYTE INC / PTE TA FAQ
What is the technical rating for PTE stock?
ChartMill assigns a technical rating of 0 / 10 to PTE.
Can you provide the trend direction for POLARITYTE INC?
The current trend direction for POLARITYTE INC (PTE) is Bearish.
Can you provide the RSI signal for POLARITYTE INC?
POLARITYTE INC (PTE) has an RSI value of 33.4263. This indicates that the stock is currently neutral.
What is the MACD signal for POLARITYTE INC (PTE) stock?
The MACD indicator for POLARITYTE INC (PTE) has a value of -0.0114727, indicating a bearish trend.
What is the buy/sell signal for PTE stock?
The buy/sell signal for POLARITYTE INC (PTE) is sell as both the short term and long term trends are negative.