GRANITESHARES 2X PLTR ETF (PTIR) Stock Technical Analysis
NASDAQ:PTIR - US38747R7109 - ETF
24.37 USD
-0.48 (-1.93%)
24.29 USD
-0.08 (-0.33%)
We assign a technical rating of 4 out of 10 to PTIR. In the last year, PTIR was a bad performer. We also see some doubts in the very recent evolution, but in the medium term things still look positive.
When comparing the yearly performance of all stocks, PTIR is a bad performer in the overall market: 100% of all stocks are doing better.
PTIR is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
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 3507190 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
PTIR is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PTIR is lagging the market.
PTIR has an average technical rating and it also does not offer a high 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
23.71
25.99
We found 1 important support area.
- A support zone ranging from 23.95 to 24.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 24.38 to 24.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @25.73 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 | UP | POSITIVE | The long term trend for PTIR is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PTIR is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | PTIR has a low relative strength, it was outperformed by 100% 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) | UP | MIXED | The current price of PTIR is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PTIR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.59 | NEUTRAL | The RSI value for PTIR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.93 | NEGATIVE | The MACD value suggests PTIR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 27.87 | NEUTRAL | The Stochastics value for PTIR is a neutral value. |
| Average True Range in percent/ATR (20) | 11.13 | HIGH VOLATILITY | The high ATR as a percentage value for PTIR suggests high volalility. |
| Average Directional Index/ADX (14) | 26.76 | POSITIVE | The high ADX value value for PTIR suggests a strong 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)
24.37
-0.48 (-1.93%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.93%
1 Week-2.91%
2 Weeks-23.15%
1 Month-0.16%
3 Month29.13%
6 Month153.13%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.66
ATR(20)%11.13%
ATR Inc-49.81%
Range Today1.27
ADR(20)2.39
ADR(20)%9.82%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High31.94
10 Day Low20
20 Day High36.34
20 Day Low20
52 Week High36.34
52 Week Low1.56
CS1 End24.36
CR1 Start24.38
Volume & EV
DER(3)-6.4%
DER(5)-2.27%
Volume3.07M
Volume Incr-0.39%
Vol(5)5.10M
Vol(50)3.51M