PROTAGONIST THERAPEUTICS INC (PTGX) Stock Technical Analysis
USA - NASDAQ:PTGX - US74366E1029 - Common Stock
We assign a technical rating of 10 out of 10 to PTGX. Both in the recent history as in the last year, PTGX has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, PTGX also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. 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
47.29
When analyzing the support we can see 4 important areas.
- A support zone ranging from 74.86 to 75.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @73.50 from a horizontal line in the daily time frame.
- Support @60.09 from a trend line in the daily time frame.
- Support @47.77 from a trend 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 | 94.68 | POSITIVE | PTGX has a high relative strength, it outperformed 94.68% 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) | 62.26 | NEUTRAL | The RSI value for PTGX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.27 | NEGATIVE | The MACD value suggests PTGX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 67.8 | NEUTRAL | The Stochastics value for PTGX is a neutral value. |
| Average True Range in percent/ATR (20) | 5.44 | HIGH VOLATILITY | The high ATR as a percentage value for PTGX suggests high volalility. |
| Average Directional Index/ADX (14) | 60.48 | POSITIVE | The high ADX value value for PTGX suggests a strong trend. |
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 |
|---|---|---|---|
| 80.44 | 74.85 | 5.59 (6.95%) | 14.39% |
| An entry @80.44. This is a Buy Stop order right above the 10 day high. | An exit @74.85. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 5.59 points, which is 6.95%. | For a 1.00% total portfolio risk, you can invest 14.39% 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.
79.78
+1.9 (+2.44%)
PROTAGONIST THERAPEUTICS INC / PTGX FAQ
Can you provide the ChartMill technical rating for PROTAGONIST THERAPEUTICS INC?
ChartMill assigns a technical rating of 10 / 10 to PTGX.
Can you provide the trend direction for PROTAGONIST THERAPEUTICS INC?
The current trend direction for PROTAGONIST THERAPEUTICS INC (PTGX) is Bullish.
What is the RSI signal for PROTAGONIST THERAPEUTICS INC (PTGX) stock?
PROTAGONIST THERAPEUTICS INC (PTGX) has an RSI value of 62.2561. This indicates that the stock is currently neutral.
What is the MACD signal for PTGX stock?
The MACD indicator for PROTAGONIST THERAPEUTICS INC (PTGX) has a value of -0.27114, indicating a bearish trend.
What is the short term momentum for PTGX stock?
The short term momentum for PROTAGONIST THERAPEUTICS INC (PTGX) is positive.