PROTAGONIST THERAPEUTICS INC (PTGX) Stock Technical Analysis
NASDAQ:PTGX - Nasdaq - US74366E1029 - Common Stock - Currency: USD
Taking everything into account, PTGX scores 8 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 95% of all stocks.
PTGX is part of the Biotechnology industry. There are 560 other stocks in this industry. PTGX outperforms 94% of them.
In the last month PTGX has a been trading in the 41.28 - 47.74 range, which is quite wide. It is currently trading near the high of this range.
PTGX has an average volume of 1070270 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
PTGX is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so PTGX is lagging the market slightly.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, PTGX also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 47.48. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 45.04, a Stop Loss order could be placed below this zone.
More info and screens
38.26
48.07
4 important support areas can be observed.
- A support zone ranging from 44.41 to 45.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 41.96 to 42.61. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @40.88 from a horizontal line in the daily time frame.
- Support @38.65 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 47.48 to 47.59. 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 | UP | POSITIVE | The short term trend for PTGX is up. |
| ChartMill Relative Strength | 95.14 | POSITIVE | PTGX has a high relative strength, it outperformed 95.14% 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) | DOWN | MIXED | The current price of PTGX is above a declining 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) | 58.6 | NEUTRAL | The RSI value for PTGX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.34 | POSITIVE | The MACD value suggests PTGX has a positive trend. |
| Stochastics (14,3) | 90.55 | OVERBOUGHT | The high Stochastics value suggests PTGX may be overbought. |
| Average True Range in percent/ATR (20) | 3.67 | MEDIUM VOLATILITY | The ATR as a percentage value for PTGX suggests some volalility. |
| Average Directional Index/ADX (14) | 14.36 | 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 |
|---|---|---|---|
| 47.60 | 44.40 | 3.20 (6.72%) | 14.87% |
| An entry @47.60. This is a Buy Stop order right above the resistance zone. | An exit @44.40. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.20 points, which is 6.72%. | For a 1.00% total portfolio risk, you can invest 14.87% 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.
47.47
-0.11 (-0.23%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-0.23%
1 Week3.4%
2 Weeks6.89%
1 Month5.51%
3 Month26.28%
6 Month8.38%
12 Month68.63%
2 Year82.09%
3 Year441.9%
5 Year187.18%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.6
ATR(20)%3.67%
ATR Inc10.98%
Range Today1.58
ADR(20)1.7
ADR(20)%3.58%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.14
Mansfield0.97
10 Day High47.74
10 Day Low44.04
20 Day High47.74
20 Day Low41.29
52 Week High60.6
52 Week Low28.36
CS1 End45.04
CR1 Start47.48
Volume & EV
DER(3)1.78%
DER(5)1.19%
Volume787.40K
Volume Incr-15.11%
Vol(5)695.50K
Vol(50)1.07M