Pivot Technology Solutions Inc (PTG.CA) Technical Analysis
TSX:PTG
Current stock price
PTG.CA Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to PTG. Both in the recent history as in the last year, PTG has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- 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.
- PTG is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, 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.
PTG.CA Weekly and Daily overview Charts
PTG.CA Setup Rating and Analysis
PTG has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. 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. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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.
More info and screens
PTG.CA Support and Resistance Analysis
2.03
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.
When analyzing the resistance we notice one important 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.
PTG.CA 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 | UP | POSITIVE | The long term trend for PTG.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PTG.CA is up. |
| ChartMill Relative Strength | 83.78 | POSITIVE | PTG.CA has a high relative strength, it outperformed 83.78% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PTG.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PTG.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PTG.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 70.55 | OVERBOUGHT | The high RSI value suggests PTG.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests PTG.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 88.89 | OVERBOUGHT | The high Stochastics value suggests PTG.CA may be overbought. |
| Average True Range in percent/ATR (20) | 0.44 | LOW VOLATILITY | The low ATR as a percentage value for PTG.CA suggests low volalility. |
PTG.CA Chart- and CandleStick Pattern Analysis
PTG.CA 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.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 2.62 | 2.56 | 0.06 (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 worst case loss on the trade is limited to 0.06 points, which is 2.29%. | For a 0.57% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
PTG.CA Technicals: Chart, Performance Metrics, Trend & Indicators
Pivot Technology Solutions Inc
TSX:PTG (11/4/2020, 6:02:59 PM)
2.6
0 (0%)
Pivot Technology Solutions Inc / PTG.CA TA FAQ
What is the ChartMill technical rating of Pivot Technology Solutions Inc (PTG.CA) stock?
ChartMill assigns a technical rating of 9 / 10 to PTG.CA.
What is the trend direction for PTG stock?
The current trend direction for Pivot Technology Solutions Inc (PTG.CA) is Bullish.
What is the RSI signal for PTG stock?
Pivot Technology Solutions Inc (PTG.CA) has an RSI value of 70.5512. This indicates that the stock is currently overbought.
What is the short term momentum for Pivot Technology Solutions Inc (PTG.CA) stock?
The short term momentum for Pivot Technology Solutions Inc (PTG.CA) is positive.
Can you provide the buy/sell signal for Pivot Technology Solutions Inc?
The buy/sell signal for Pivot Technology Solutions Inc (PTG.CA) is buy as both the short term and long term trends are positive.