PROTAGENIC THERAPEUTICS INC (PTIX) Stock Technical Analysis
NASDAQ:PTIX - Nasdaq - US74365N2027 - Common Stock - Currency: USD
Taking everything into account, PTIX scores 1 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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, PTIX is a bad performer in the overall market: 98% of all stocks are doing better.
PTIX is one of the lesser performing stocks in the Biotechnology industry. 84% of 555 stocks in the same industry do better.
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 3.30 - 4.19 range, which is quite wide. It is currently trading near the lows of this range.
PTIX has an average volume of 2376920 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.
More info and screens
2.99
4.23
We found 2 important support areas.
- Support @3.31 from a horizontal line in the daily time frame.
- A support zone ranging from 3.02 to 3.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 3.71 to 3.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @3.88 from a horizontal line in the daily time frame.
- Resistance @4.19 from a trend line in the weekly 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 | 2.33 | NEGATIVE | PTIX has a low relative strength, it was outperformed by 97.67% 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) | 45.81 | NEUTRAL | The RSI value for PTIX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests PTIX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 21.72 | NEUTRAL | The Stochastics value for PTIX is a neutral value. |
| Average True Range in percent/ATR (20) | 7.48 | HIGH VOLATILITY | The high ATR as a percentage value for PTIX suggests high volalility. |
| Average Directional Index/ADX (14) | 40.25 | 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)
3.46
-0.02 (-0.57%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-0.57%
1 Week-10.59%
2 Weeks0.58%
1 Month-8.95%
3 Month-36.24%
6 Month-51.16%
12 Month-71.03%
2 Year-88.51%
3 Year-89.53%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.28
ATR(20)%7.48%
ATR Inc-22.66%
Range Today0.22
ADR(20)0.25
ADR(20)%7.27%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS2.33
Mansfield-5.01
10 Day High4.19
10 Day Low3.33
20 Day High4.19
20 Day Low3.3
52 Week High15.54
52 Week Low2.35
CS1 End3.47
CR1 Start3.71
Volume & EV
DER(3)-1.99%
DER(5)-4.17%
Volume140.79K
Volume Incr-19.45%
Vol(5)174.49K
Vol(50)2.38M