PTIX Technical Analysis - PROTAGENIC THERAPEUTICS INC

Technical Rating and Analysis

We assign a technical rating of 6 out of 10 to PTIX. In the last year, PTIX was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.

88% of all other stocks performed better in the past year than PTIX.

PTIX is part of the Biotechnology industry. There are 536 other stocks in this industry, of which 64% are performing better than PTIX.

PTIX 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.

The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.

In the last month PTIX has a been trading in the 2.75 - 4.55 range, which is quite wide. It is currently trading near the high of this range.

PTIX has an average volume of 3400160 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.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

PROTAGENIC THERAPEUTICS INC / PTIX Weekly stock chart

PROTAGENIC THERAPEUTICS INC / PTIX Daily stock chart

Setup Rating and Analysis

PTIX 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

4.12

4.57

When analyzing the resistance we notice 2 important areas.

A resistance zone ranging from 4.28 to 4.30. This zone is formed by a combination of multiple trend lines in the weekly time frame.
Resistance @4.52 from a horizontal line in the daily time frame.

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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	NEUTRAL	NEUTRAL	The long term trend for PTIX is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for PTIX is up.
ChartMill Relative Strength	12.11	NEGATIVE	PTIX has a low relative strength, it was outperformed by 87.89% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of PTIX is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of PTIX is above 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)	63.31	NEUTRAL	The RSI value for PTIX is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.09	POSITIVE	The MACD value suggests PTIX has a positive trend, although the MACD value is declining.
Stochastics (14,3)	81.3	OVERBOUGHT	The high Stochastics value suggests PTIX may be overbought.
Average True Range in percent/ATR (20)	6.27	HIGH VOLATILITY	The high ATR as a percentage value for PTIX suggests high volalility.
Average Directional Index/ADX (14)	37.99	POSITIVE	The high ADX value value for PTIX suggests a strong trend.