GRANITESHARES 2X PLTR ETF (PTIR) Technical Analysis
NASDAQ:PTIR • US38747R7109
Current stock price
PTIR Technical Rating and Analysis
Taking everything into account, PTIR scores 0 out of 10 in our technical rating. PTIR scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 76% of all other stocks performed better in the past year than PTIR.
- PTIR is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month PTIR has a been trading in the 11.32 - 20.40 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- PTIR has an average volume of 5610730 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
PTIR Weekly and Daily overview Charts
PTIR Setup Rating and Analysis
The technical rating of PTIR is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
PTIR Support and Resistance Analysis
12.27
When analyzing the support we notice one important area.
- A support zone ranging from 12.39 to 12.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- Resistance @15.79 from a trend line in the daily time frame.
- A resistance zone ranging from 16.24 to 16.61. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @34.07 from a horizontal line in the daily time frame.
PTIR Technical Indicator Signal Analysis
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 PTIR is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PTIR is down. |
| ChartMill Relative Strength | 24.2 | NEGATIVE | PTIR has a low relative strength, it was outperformed by 75.8% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PTIR is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PTIR is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PTIR is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 40.67 | NEUTRAL | The RSI value for PTIR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.4 | NEGATIVE | The MACD value suggests PTIR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 20.75 | NEUTRAL | The Stochastics value for PTIR is a neutral value. |
| Average True Range in percent/ATR (20) | 12.24 | HIGH VOLATILITY | The high ATR as a percentage value for PTIR suggests high volalility. |
| Average Directional Index/ADX (14) | 19.96 | NEGATIVE | The low ADX value for PTIR suggests a weak or negative trend. |
PTIR Chart- and CandleStick Pattern Analysis
PTIR Technicals: Chart, Performance Metrics, Trend & Indicators
13.86
+0.68 (+5.16%)
GRANITESHARES 2X PLTR ETF / PTIR TA FAQ
What is the technical rating for PTIR stock?
ChartMill assigns a technical rating of 0 / 10 to PTIR.
What is the current trend direction of GRANITESHARES 2X PLTR ETF (PTIR) stock?
The current trend direction for GRANITESHARES 2X PLTR ETF (PTIR) is Bearish.
What is the RSI signal for PTIR stock?
GRANITESHARES 2X PLTR ETF (PTIR) has an RSI value of 40.6707. This indicates that the stock is currently neutral.
What is the MACD signal for GRANITESHARES 2X PLTR ETF (PTIR) stock?
The MACD indicator for GRANITESHARES 2X PLTR ETF (PTIR) has a value of -0.397374, indicating a bearish trend.
What is the buy/sell signal for PTIR stock?
The buy/sell signal for GRANITESHARES 2X PLTR ETF (PTIR) is sell as both the short term and long term trends are negative.