PROTAGONIST THERAPEUTICS INC (PTGX) Stock Technical Analysis
NASDAQ:PTGX - US74366E1029 - Common Stock
57.48 USD
+1.44 (+2.57%)
57.48 USD
0 (0%)
We assign a technical rating of 10 out of 10 to PTGX. 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.
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 PTGX is one of the better performing stocks in the market, outperforming 87% of all stocks.
PTGX is part of the Biotechnology industry. There are 547 other stocks in this industry. PTGX outperforms 78% 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 50.48 - 57.99 range, which is quite wide. It is currently trading near the high of this range.
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. There is very little resistance above the current price. We notice that large players showed an interest for PTGX in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
45.53
58.06
We found 4 important support areas.
- A support zone ranging from 52.60 to 53.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @51.06 from a horizontal line in the weekly time frame.
- Support @49.69 from a horizontal line in the daily time frame.
- Support @45.99 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @57.49 from a horizontal line in the weekly time frame.
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 | 87.1 | POSITIVE | PTGX has a high relative strength, it outperformed 87.1% 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) | 62.13 | NEUTRAL | The RSI value for PTGX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.27 | POSITIVE | The MACD value suggests PTGX has a positive trend. |
| Stochastics (14,3) | 81.26 | OVERBOUGHT | The high Stochastics value suggests PTGX may be overbought. |
| Average True Range in percent/ATR (20) | 3.57 | MEDIUM VOLATILITY | The ATR as a percentage value for PTGX suggests some volalility. |
| Average Directional Index/ADX (14) | 19.8 | 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 |
|---|---|---|---|
| 57.50 | 50.57 | 6.93 (12.05%) | 8.30% |
| An entry @57.50. This is a Buy Stop order right above the resistance zone. | An exit @50.57. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 6.93 points, which is 12.05%. | When investing 8.30% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
57.48
+1.44 (+2.57%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg2.57%
1 Week2.51%
2 Weeks12.55%
1 Month4.22%
3 Month25.89%
6 Month48.34%
12 Month37.91%
2 Year190.01%
3 Year559.17%
5 Year156.61%
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.05
ATR(20)%3.57%
ATR Inc-31.83%
Range Today1.63
ADR(20)2.04
ADR(20)%3.54%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.1
Mansfield1.4
10 Day High57.99
10 Day Low50.58
20 Day High57.99
20 Day Low50.49
52 Week High60.6
52 Week Low33.31
CS1 End53.1
CR1 Start57.49
Volume & EV
DER(3)3.74%
DER(5)3.28%
Volume470.10K
Volume Incr-19.18%
Vol(5)529.06K
Vol(50)758.20K