INVESCO DORSEY WRIGHT HEALTH (PTH) Stock Technical Analysis
NASDAQ:PTH - Nasdaq - US46137V8524 - ETF - Currency: USD
We assign a technical rating of 0 out of 10 to PTH. PTH scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, PTH is a bad performer in the overall market: 76% of all stocks are doing better.
PTH is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so PTH is lagging the market.
In the last month PTH has a been trading in the 35.78 - 40.49 range, which is quite wide. It is currently trading near the lows of this range.
Warning: PTH has an average volume of 8536 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
PTH has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 37.79. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 36.52, a Stop Loss order could be placed below this zone.
More info and screens
34.52
46.15
When analyzing the support we can see 2 important areas.
- A support zone ranging from 35.90 to 36.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 34.87 to 34.88. This zone is formed by a combination of multiple trend lines in the daily time frame.
6 important resistance areas can be observed.
- A resistance zone ranging from 37.79 to 38.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @39.45 from a trend line in the daily time frame.
- A resistance zone ranging from 40.30 to 40.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 41.45 to 41.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @44.33 from a horizontal line in the daily time frame.
- Resistance @45.69 from a horizontal line in the daily 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 | DOWN | NEGATIVE | The long term trend for PTH is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PTH is down. |
| ChartMill Relative Strength | 24.59 | NEGATIVE | PTH has a low relative strength, it was outperformed by 75.41% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PTH is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PTH is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PTH is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.35 | NEUTRAL | The RSI value for PTH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests PTH has a positive trend. |
| Stochastics (14,3) | 40.81 | NEUTRAL | The Stochastics value for PTH is a neutral value. |
| Average True Range in percent/ATR (20) | 2.04 | MEDIUM VOLATILITY | The ATR as a percentage value for PTH suggests some volalility. |
| Average Directional Index/ADX (14) | 21.99 | NEUTRAL | The ADX value for PTH suggests a possible start of a new 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)
36.66
+0.11 (+0.3%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.3%
1 Week2.35%
2 Weeks0.38%
1 Month-7.8%
3 Month-11.76%
6 Month-18.89%
12 Month-12.55%
2 Year-5.69%
3 Year-7.63%
5 Year-3.61%
10 Year74.16%
15 Year344.01%
Volatility
ATR(14)0.62
ATR(20)%2.04%
ATR Inc-36.6%
Range Today0.52
ADR(20)0.61
ADR(20)%1.65%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS24.59
Mansfield-1.67
10 Day High37.34
10 Day Low35.78
20 Day High40.49
20 Day Low35.78
52 Week High48.63
52 Week Low33.56
CS1 End36.52
CR1 Start37.79
Volume & EV
DER(3)-3.65%
DER(5)-2.46%
Volume7.70K
Volume Incr-8.66%
Vol(5)7.28K
Vol(50)8.54K