POLARITYTE INC (PTE) Stock Technical Analysis
NASDAQ:PTE - Nasdaq - US7310942070 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to PTE. 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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, PTE is a bad performer in the overall market: 99% of all stocks are doing better.
PTE is part of the Biotechnology industry. There are 559 other stocks in this industry, of which 87% are performing better than PTE.
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.
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
0.24
0.43
2 important resistance areas can be observed.
- 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.
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. |
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)
0.241
0 (-0.82%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-0.82%
1 Week-3.6%
2 Weeks-41.58%
1 Month-36.91%
3 Month-65.05%
6 Month-65.41%
12 Month-85.39%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.05
ATR(20)%17.73%
ATR Inc-38.09%
Range Today0.02
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS1.42
Mansfield-7.3
10 Day High0.44
10 Day Low0.2
20 Day High0.44
20 Day Low0.2
52 Week High1.9
52 Week Low0.2
CS1 EndN/A
CR1 Start0.4
Volume & EV
DER(3)-1.83%
DER(5)-1.6%
Volume8.50M
Volume Incr1627.16%
Vol(5)3.67M
Vol(50)501.43K