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Pivot Technology Solutions Inc (PTG.CA) Stock Technical Analysis

TSX:PTG - Toronto Stock Exchange -

2.6  0 (0%)

Technical Rating and Analysis

10

Overall PTG gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, PTG is showing a nice and steady performance.

The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that PTG is one of the better performing stocks in the market, outperforming 83% of all stocks.
A new 52 week high is currently being made by PTG, which is a very good signal! Especially since the S&P500 is only trading in the upper part of its 52 week range, so PTG is leading the market.
In the last month PTG has a been trading in a tight range between 2.57 and 2.60.
Weekly and Daily overview Charts
Pivot Technology Solutions Inc / PTG Weekly stock chart
Pivot Technology Solutions Inc / PTG Daily stock chart
Setup Rating and Analysis

8

PTG has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 2.61. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2.59, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.

  • A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
Support and Resistance Analysis

2.03

2.64

When analyzing the support we can see 3 important areas.

  • A support zone ranging from 2.53 to 2.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @2.19 from a trend line in the daily time frame.
  • Support @2.05 from a trend line in the daily time frame.

We found 1 important resistance area.

  • A resistance zone ranging from 2.61 to 2.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 IndicatorUPPOSITIVEThe long term trend for PTG.CA is up.
ChartMill Short Term Trend IndicatorUPPOSITIVEThe short term trend for PTG.CA is up.
ChartMill Relative Strength83.78POSITIVEPTG.CA has a high relative strength, it outperformed 83.78% off all stocks on the market.
Simple Moving Average/SMA (20)UPPOSITIVEThe current price of PTG.CA is above the rising SMA(20).
Simple Moving Average/SMA (50)UPPOSITIVEThe current price of PTG.CA is above the rising SMA(50).
Simple Moving Average/SMA (200)UPPOSITIVEThe current price of PTG.CA is above the rising SMA(200).
Relative Strength Index/RSI (14)70.55OVERBOUGHTThe high RSI value suggests PTG.CA may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)-0.01NEGATIVEThe MACD value suggests PTG.CA has a negative trend, although the MACD value is rising.
Stochastics (14,3)88.89OVERBOUGHTThe high Stochastics value suggests PTG.CA may be overbought.
Average True Range in percent/ATR (20)0.44LOW VOLATILITYThe low ATR as a percentage value for PTG.CA suggests low volalility.
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)
Example Setup

Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.

ENTRYEXITDISTANCECAPITAL
2.622.560.06 (2.29%)25.00%
An entry @2.62. This is a Buy Stop order right above the resistance zone.An exit @2.56. This is a Stop Loss order right below the 10 day low.The trade has a worst case loss of 0.06 points, which is 2.29%.When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.57%.

  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
Pivot Technology Solutions Inc / PTG Daily stock chart

Pivot Technology Solutions Inc

TSX:PTG (11/4/2020, 6:02:59 PM)

2.6

0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0%
1 Week0.78%
2 Weeks0.78%
1 Month0.78%
3 Month44.44%
6 Month69.93%
12 Month61.49%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.01
ATR(20)%0.44%
ATR Inc-12.5%
Range Today0.01
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
CRS83.78
Mansfield3.17
10 Day High2.6
10 Day Low2.57
20 Day High2.6
20 Day Low2.57
52 Week High2.6
52 Week Low0.78
CS1 End2.59
CR1 Start2.61
Volume & EV
DER(3)-0.46%
DER(5)-0.06%
Volume56.33K
Volume Incr92.37%
Vol(5)384.33K
Vol(50)319.33K