PROTAGENIC THERAPEUTICS INC (PTIX) Technical Analysis
NASDAQ:PTIX • US74365N3017
Current stock price
PTIX Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to PTIX. 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.
- 100% of all other stocks performed better in the past year than PTIX.
- PTIX is part of the Biotechnology industry. There are 515 other stocks in this industry, of which 92% are performing better than PTIX.
- 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.
PTIX Weekly and Daily overview Charts
PTIX Setup Rating and Analysis
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
PTIX Support and Resistance Analysis
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When analyzing the resistance we notice 2 important areas.
- Resistance @1.30 from a trend line in the daily time frame.
- Resistance @1.36 from a trend line in the daily time frame.
PTIX 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 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. |
PTIX Chart- and CandleStick Pattern Analysis
PTIX Technicals: Chart, Performance Metrics, Trend & Indicators
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-0.56 (-43.08%)
PROTAGENIC THERAPEUTICS INC / PTIX TA 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 PROTAGENIC THERAPEUTICS INC (PTIX) stock?
PROTAGENIC THERAPEUTICS INC (PTIX) has an RSI value of 25.3001. This indicates that the stock is currently oversold.
What is the MACD signal for PROTAGENIC THERAPEUTICS INC (PTIX) stock?
The MACD indicator for PROTAGENIC THERAPEUTICS INC (PTIX) has a value of -0.00725542, indicating a bearish trend.
Can you provide the short term momentum for PROTAGENIC THERAPEUTICS INC?
The short term momentum for PROTAGENIC THERAPEUTICS INC (PTIX) is negative.