PROTAGONIST THERAPEUTICS INC (PTGX) Stock Technical Analysis
NASDAQ:PTGX - Nasdaq - US74366E1029 - Common Stock - Currency: USD
Taking everything into account, PTGX scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, PTGX 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 PTGX is one of the better performing stocks in the market, outperforming 91% of all stocks.
PTGX is part of the Biotechnology industry. There are 557 other stocks in this industry. PTGX outperforms 87% of them.
PTGX is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so PTGX is performing more or less in line with the market.
PTGX is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Besides having an excellent technical rating, PTGX also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. 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.
More info and screens
38.26
56.94
When analyzing the support we can see 6 important areas.
- A support zone ranging from 53.33 to 53.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @46.39 from a trend line in the daily time frame.
- Support @44.05 from a trend line in the daily time frame.
- Support @42.96 from a trend line in the weekly time frame.
- Support @40.89 from a horizontal line in the daily time frame.
- Support @38.65 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 55.16 to 56.38. This zone is formed by a combination of multiple trend lines and important moving averages 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 PTGX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PTGX is up. |
| ChartMill Relative Strength | 91.26 | POSITIVE | PTGX has a high relative strength, it outperformed 91.26% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PTGX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PTGX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PTGX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.33 | NEUTRAL | The RSI value for PTGX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests PTGX has a negative trend. |
| Stochastics (14,3) | 68.03 | NEUTRAL | The Stochastics value for PTGX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.44 | MEDIUM VOLATILITY | The ATR as a percentage value for PTGX suggests some volalility. |
| Average Directional Index/ADX (14) | 40.72 | POSITIVE | The high ADX value value for PTGX suggests a strong 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)
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 |
|---|---|---|---|
| 56.39 | 53.32 | 3.07 (5.44%) | 18.37% |
| An entry @56.39. This is a Buy Stop order right above the resistance zone. | An exit @53.32. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.07 points, which is 5.44%. | When investing 18.37% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of PTGX. Please evaluate whether better entry and exit points can be found.
- 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.
53.34
-0.58 (-1.08%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-1.08%
1 Week-5.29%
2 Weeks-0.89%
1 Month16.41%
3 Month1.31%
6 Month28.56%
12 Month65.34%
2 Year93.12%
3 Year574.34%
5 Year202.04%
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.05
ATR(20)%3.44%
ATR Inc-5.84%
Range Today2.18
ADR(20)1.83
ADR(20)%3.42%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.26
Mansfield1.95
10 Day High57.7
10 Day Low52.79
20 Day High57.7
20 Day Low45.14
52 Week High60.6
52 Week Low30.67
CS1 End53.33
CR1 Start55.16
Volume & EV
DER(3)-0.65%
DER(5)1.31%
Volume2.29M
Volume Incr48.72%
Vol(5)1.26M
Vol(50)990.70K