Ptk Acquisition Corp (PTK) Stock Technical Analysis
USA - NYSEARCA:PTK -
7.74
-1.79 (-18.78%)
8.3
+0.56 (+7.24%)
Taking everything into account, PTK scores 0 out of 10 in our technical rating. PTK scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
When comparing the yearly performance of all stocks, PTK is a bad performer in the overall market: 92% of all stocks are doing better.
PTK 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 PTK has a been trading in the 7.40 - 10.53 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 short term trend is negative, the long term trend is neutral. Not much exciting going on here.
The technical rating of PTK 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
7.66
10.45
We can see 3 important resistance areas.
- A resistance zone ranging from 9.63 to 9.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @10.14 from a horizontal line in the daily time frame.
- Strong resistance @10.35 from a horizontal 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 | NEUTRAL | NEUTRAL | The long term trend for PTK is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PTK is down. |
| ChartMill Relative Strength | 8.71 | NEGATIVE | PTK has a low relative strength, it was outperformed by 91.29% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PTK is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PTK is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PTK is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 6.41 | OVERSOLD | The low RSI value suggests PTK may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests PTK has a negative trend. |
| Stochastics (14,3) | 28.76 | NEUTRAL | The Stochastics value for PTK is a neutral value. |
| Average True Range in percent/ATR (20) | 3.39 | MEDIUM VOLATILITY | The ATR as a percentage value for PTK suggests some volalility. |
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)
7.74
-1.79 (-18.78%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-18.78%
1 Week-22.44%
2 Weeks-22.37%
1 Month-22.05%
3 Month-21.74%
6 Month-21.42%
12 Month-20.78%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.37
ATR(20)%3.39%
ATR Inc1359.29%
Range Today2.31
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.71
Mansfield-2.85
10 Day High10.53
10 Day Low7.4
20 Day High10.53
20 Day Low7.4
52 Week High11.34
52 Week Low7.4
CS1 EndN/A
CR1 Start9.63
Volume & EV
DER(3)-0.56%
DER(5)-1.3%
Volume1.40M
Volume Incr1137.25%
Vol(5)1.33M
Vol(50)185.26K