INVESCO DORSEY WRIGHT TECH (PTF) Stock Technical Analysis
USA - NASDAQ:PTF - US46137V8110 - ETF
76.28 USD
-4.61 (-5.7%)
74.43 USD
-1.85 (-2.43%)
Overall PTF gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, PTF is only an average performer.
Warning: PTF has an average volume of 24918 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
A new 52 week high is currently being made by PTF, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month PTF has a been trading in the 71.87 - 81.76 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that PTF is one of the better performing stocks in the market, outperforming 79% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
Although PTF has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
50.61
81.71
We found 5 important support areas.
- A support zone ranging from 71.19 to 71.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 67.22 to 67.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 65.04 to 65.74. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @54.74 from a trend line in the weekly time frame.
- Support @51.12 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 80.48 to 80.90. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for PTF is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PTF is up. |
| ChartMill Relative Strength | 79.67 | POSITIVE | PTF has a high relative strength, it outperformed 79.67% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of PTF is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PTF is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PTF is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.23 | NEUTRAL | The RSI value for PTF is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests PTF has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.45 | NEUTRAL | The Stochastics value for PTF is a neutral value. |
| Average True Range in percent/ATR (20) | 2.59 | MEDIUM VOLATILITY | The ATR as a percentage value for PTF suggests some volalility. |
| Average Directional Index/ADX (14) | 23.69 | NEUTRAL | The ADX value for PTF 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)
76.28
-4.61 (-5.7%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-5.7%
1 Week-3.12%
2 Weeks2.65%
1 Month5.74%
3 Month16.12%
6 Month37.79%
12 Month14.29%
2 Year85.41%
3 Year98.69%
5 Year108.09%
10 Year453.94%
15 Year853.87%
Volatility
ATR(14)2.13
ATR(20)%2.59%
ATR Inc86.13%
Range Today5.48
ADR(20)1.68
ADR(20)%2.2%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.67
Mansfield0.3
10 Day High81.76
10 Day Low73.91
20 Day High81.76
20 Day Low71.87
52 Week High81.76
52 Week Low49.57
CS1 End71.93
CR1 Start80.48
Volume & EV
DER(3)2.33%
DER(5)3.17%
Volume19.51K
Volume Incr-5.02%
Vol(5)21.70K
Vol(50)24.92K