Logo image of PTE

POLARITYTE INC (PTE) Stock Technical Analysis

USA - NASDAQ:PTE - US7310942070 - Common Stock

0.241 USD
0 (-0.82%)
Last: 6/15/2023, 8:20:22 PM
0.2249 USD
-0.02 (-6.68%)
After Hours: 6/15/2023, 8:20:22 PM
Technical Rating and Analysis

0

Taking everything into account, PTE scores 0 out of 10 in our technical rating. 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.
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. 89% of 531 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.

More info and screens

Weekly and Daily overview Charts
POLARITYTE INC / PTE Weekly stock chart
POLARITYTE INC / PTE Daily stock chart
Setup Rating and Analysis

3

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

Support and Resistance Analysis

0.24

0.43

When analyzing the resistance we notice 2 important 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.

More info

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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorDOWNNEGATIVEThe long term trend for PTE is down.
ChartMill Short Term Trend IndicatorDOWNNEGATIVEThe short term trend for PTE is down.
ChartMill Relative Strength1.42NEGATIVEPTE has a low relative strength, it was outperformed by 98.58% off all stocks on the market.
Simple Moving Average/SMA (20)DOWNNEGATIVEThe current price of PTE is below a declining SMA(20).
Simple Moving Average/SMA (50)DOWNNEGATIVEThe current price of PTE is below a declining SMA(50).
Simple Moving Average/SMA (200)DOWNNEGATIVEThe current price of PTE is below a declining SMA(200).
Relative Strength Index/RSI (14)33.43NEUTRALThe RSI value for PTE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)-0.01NEGATIVEThe MACD value suggests PTE has a negative trend, although the MACD value is rising.
Stochastics (14,3)18.71OVERSOLDThe low Stochastics value suggests PTE may be oversold.
Average True Range in percent/ATR (20)17.73HIGH VOLATILITYThe high ATR as a percentage value for PTE suggests high volalility.
Average Directional Index/ADX (14)23.56NEUTRALThe ADX value for PTE suggests a possible start of a new trend.
Chart- and CandleStick Pattern Analysis
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)

More info

POLARITYTE INC / PTE Daily stock chart

POLARITYTE INC

NASDAQ:PTE (6/15/2023, 8:20:22 PM)

After market: 0.2249 -0.02 (-6.68%)

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
3 months CRSN/A
6 months CRSN/A
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

POLARITYTE INC / PTE FAQ

What is the technical rating for PTE stock?

ChartMill assigns a technical rating of 0 / 10 to PTE.


What is the current trend direction of POLARITYTE INC (PTE) stock?

The current trend direction for POLARITYTE INC (PTE) is Bearish.


What is the RSI signal for POLARITYTE INC (PTE) stock?

POLARITYTE INC (PTE) has an RSI value of 33.4263. This indicates that the stock is currently neutral.


What is the MACD signal for PTE stock?

The MACD indicator for POLARITYTE INC (PTE) has a value of -0.0114727, indicating a bearish trend.


Can you provide the support and resistance levels for POLARITYTE INC?

POLARITYTE INC (PTE) has a resistance level at 0.4. Check the full technical report for our detailed analysis of PTE support and resistance levels.