Taking everything into account, PTIX scores 0 out of 10 in our technical rating. PTIX 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.
- When comparing the yearly performance of all stocks, PTIX is a bad performer in the overall market: 100% of all stocks are doing better.
- PTIX is one of the lesser performing stocks in the Biotechnology industry. 91% of 525 stocks in the same industry do better.
- PTIX is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
- In the last month PTIX has a been trading in the 0.70 - 1.84 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.
The technical rating of PTIX is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
0.73
2 important resistance areas can be observed.
- Resistance @1.30 from a trend line in the daily time frame.
- Resistance @1.36 from a trend 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 PTIX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PTIX is down. |
| ChartMill Relative Strength | 0.68 | NEGATIVE | PTIX has a low relative strength, it was outperformed by 99.32% 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) | DOWN | NEGATIVE | The current price of PTIX is below a declining 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) | 25.3 | OVERSOLD | The low RSI value suggests PTIX may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests PTIX has a negative trend. |
| Stochastics (14,3) | 25.88 | NEUTRAL | The Stochastics value for PTIX is a neutral value. |
| Average True Range in percent/ATR (20) | 24.03 | HIGH VOLATILITY | The high ATR as a percentage value for PTIX suggests high volalility. |
| Average Directional Index/ADX (14) | 38.02 | POSITIVE | The high ADX value value for PTIX suggests a strong trend. |
0.74
-0.56 (-43.08%)
PROTAGENIC THERAPEUTICS INC / PTIX FAQ
What is the ChartMill technical rating of PROTAGENIC THERAPEUTICS INC (PTIX) stock?
ChartMill assigns a technical rating of 0 / 10 to PTIX.
Can you provide the trend direction for PROTAGENIC THERAPEUTICS INC?
The current trend direction for PROTAGENIC THERAPEUTICS INC (PTIX) is Bearish.
What is the RSI signal for PTIX stock?
PROTAGENIC THERAPEUTICS INC (PTIX) has an RSI value of 25.3001. This indicates that the stock is currently oversold.
Can you provide the short term momentum for PROTAGENIC THERAPEUTICS INC?
The short term momentum for PROTAGENIC THERAPEUTICS INC (PTIX) is negative.
Can you provide the buy/sell signal for PROTAGENIC THERAPEUTICS INC?
The buy/sell signal for PROTAGENIC THERAPEUTICS INC (PTIX) is sell as both the short term and long term trends are negative.