PROTAGENIC THERAPEUTICS INC (PTIX) Stock Technical Analysis
USA - NASDAQ:PTIX - US74365N3017 - Common Stock
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.
PTIX has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. We notice that large players showed an interest for PTIX in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
2.94
We found 1 important support area.
- Support @2.97 from a horizontal line in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 3.25 to 3.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 3.43 to 3.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @3.79 from a trend line in the weekly time frame.
- Resistance @4.19 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 | 6.16 | NEGATIVE | PTIX has a low relative strength, it was outperformed by 93.84% 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) | 42.35 | NEUTRAL | The RSI value for PTIX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests PTIX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 15.39 | OVERSOLD | The low Stochastics value suggests PTIX may be oversold. |
| Average True Range in percent/ATR (20) | 8.63 | HIGH VOLATILITY | The high ATR as a percentage value for PTIX suggests high volalility. |
| Average Directional Index/ADX (14) | 13.3 | NEGATIVE | The low ADX value for PTIX suggests a weak or negative trend. |
3.06
+0.07 (+2.34%)
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.
What is the trend direction for PTIX stock?
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 42.3503. This indicates that the stock is currently neutral.
What is the MACD signal for PROTAGENIC THERAPEUTICS INC (PTIX) stock?
The MACD indicator for PROTAGENIC THERAPEUTICS INC (PTIX) has a value of -0.033993, indicating a bearish trend.
What is the short term momentum for PTIX stock?
The short term momentum for PROTAGENIC THERAPEUTICS INC (PTIX) is negative.