PROTAGONIST THERAPEUTICS INC (PTGX) Stock Technical Analysis
NASDAQ:PTGX - Nasdaq - US74366E1029 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to PTGX. PTGX has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
Looking at the yearly performance, PTGX did better than 87% of all other stocks.
PTGX is part of the Biotechnology industry. There are 551 other stocks in this industry. PTGX outperforms 79% of them.
PTGX is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so PTGX is lagging the market slightly.
In the last month PTGX has a been trading in the 49.38 - 57.73 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Considerably lower volume is observed in the last couple of days.
PTGX has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 56.17. Right above this resistance zone may be a good entry point.
More info and screens
38.26
56.94
When analyzing the support we can see 5 important areas.
- A support zone ranging from 53.08 to 53.18. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 50.62 to 51.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @49.69 from a horizontal line in the daily time frame.
- Support @45.31 from a trend line in the weekly 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 56.17 to 56.38. 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 PTGX is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PTGX is neutral. |
| ChartMill Relative Strength | 87.45 | POSITIVE | PTGX has a high relative strength, it outperformed 87.45% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of PTGX is below 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) | 49.46 | NEUTRAL | The RSI value for PTGX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.25 | NEGATIVE | The MACD value suggests PTGX has a negative trend. |
| Stochastics (14,3) | 37.05 | NEUTRAL | The Stochastics value for PTGX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.45 | MEDIUM VOLATILITY | The ATR as a percentage value for PTGX suggests some volalility. |
| Average Directional Index/ADX (14) | 16.33 | NEGATIVE | The low ADX value for PTGX suggests a weak or negative 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 | 53.07 | 3.32 (5.89%) | 16.98% |
| An entry @56.39. This is a Buy Stop order right above the resistance zone. | An exit @53.07. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.32 points, which is 5.89%. | For a 1.00% total portfolio risk, you can invest 16.98% 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.
53.83
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg0%
1 Week-4.32%
2 Weeks-2.52%
1 Month7.94%
3 Month25.27%
6 Month38.45%
12 Month39.02%
2 Year171.59%
3 Year517.32%
5 Year140.31%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.88
ATR(20)%3.45%
ATR Inc3.31%
Range Today1.99
ADR(20)1.83
ADR(20)%3.4%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.45
Mansfield0.98
10 Day High57.15
10 Day Low51.55
20 Day High57.73
20 Day Low49.38
52 Week High60.6
52 Week Low33.31
CS1 End53.18
CR1 Start56.17
Volume & EV
DER(3)1.77%
DER(5)0.22%
Volume374.00K
Volume Incr-27%
Vol(5)545.44K
Vol(50)842.58K