PROTAGENIC THERAPEUTICS INC (PTIX) Stock Technical Analysis
NASDAQ:PTIX - Nasdaq - US74365N2027 - Common Stock - Currency: USD
Overall PTIX gets a technical rating of 1 out of 10. PTIX's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
94% of all other stocks performed better in the past year than PTIX.
PTIX is part of the Biotechnology industry. There are 556 other stocks in this industry, of which 67% are performing better than PTIX.
PTIX is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month PTIX has a been trading in the 3.13 - 4.19 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.
PTIX has an average volume of 2281710 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, PTIX does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 3.20, a Stop Loss order could be placed below this zone.
More info and screens
3.14
3.94
When analyzing the support we notice one important area.
- A support zone ranging from 3.17 to 3.20. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 3.88 to 3.90. This zone is formed by a combination of multiple trend lines and important moving averages 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 | DOWN | NEGATIVE | The long term trend for PTIX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PTIX is down. |
| ChartMill Relative Strength | 6.27 | NEGATIVE | PTIX has a low relative strength, it was outperformed by 93.73% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PTIX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of PTIX is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PTIX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.65 | NEUTRAL | The RSI value for PTIX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests PTIX has a negative trend. |
| Stochastics (14,3) | 20.51 | NEUTRAL | The Stochastics value for PTIX is a neutral value. |
| Average True Range in percent/ATR (20) | 8 | HIGH VOLATILITY | The high ATR as a percentage value for PTIX suggests high volalility. |
| Average Directional Index/ADX (14) | 26.97 | POSITIVE | The high ADX value value for PTIX 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)
3.24
-0.13 (-3.86%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-3.86%
1 Week-8.22%
2 Weeks-13.37%
1 Month-11.48%
3 Month6.16%
6 Month-47.99%
12 Month-67%
2 Year-89.24%
3 Year-90.19%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.25
ATR(20)%8%
ATR Inc-31.98%
Range Today0.16
ADR(20)0.25
ADR(20)%7.77%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS6.27
Mansfield-5.06
10 Day High3.79
10 Day Low3.13
20 Day High4.19
20 Day Low3.13
52 Week High15.54
52 Week Low2.35
CS1 End3.2
CR1 Start3.88
Volume & EV
DER(3)-3.51%
DER(5)-3.65%
Volume116.20K
Volume Incr-32.62%
Vol(5)130.80K
Vol(50)2.28M