Portola Pharma (PTLA) Technical Analysis
NASDAQ:PTLA
Current stock price
PTLA Technical Rating and Analysis
Taking everything into account, PTLA scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, PTLA is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- PTLA has an average volume of 5070000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that PTLA is one of the better performing stocks in the market, outperforming 94% of all stocks. However, this relatively good performance is mostly due to a recent big move.
- PTLA is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so PTLA is lagging the market slightly.
- In the last month PTLA has a been trading in a tight range between 17.89 and 18.07.
- Considerably lower volume is observed in the last couple of days.
PTLA Weekly and Daily overview Charts
PTLA Setup Rating and Analysis
Although PTLA has an excellent technical rating, it 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.
More info and screens
PTLA Support and Resistance Analysis
9.36
2 important support areas can be observed.
- A support zone ranging from 17.75 to 17.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @9.45 from a trend line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 18.04 to 18.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @20.87 from a trend line in the daily time frame.
- Resistance @22.39 from a trend line in the weekly time frame.
- Resistance @29.69 from a trend line in the weekly time frame.
PTLA 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 | UP | POSITIVE | The long term trend for PTLA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PTLA is up. |
| ChartMill Relative Strength | 94.88 | POSITIVE | PTLA has a high relative strength, it outperformed 94.88% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PTLA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PTLA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PTLA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 80.86 | OVERBOUGHT | The high RSI value suggests PTLA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests PTLA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 84.75 | OVERBOUGHT | The high Stochastics value suggests PTLA may be overbought. |
| Average True Range in percent/ATR (20) | 0.21 | LOW VOLATILITY | The low ATR as a percentage value for PTLA suggests low volalility. |
PTLA Chart- and CandleStick Pattern Analysis
PTLA Technicals: Chart, Performance Metrics, Trend & Indicators
18.03
+0.04 (+0.22%)
Portola Pharma / PTLA TA FAQ
What is the technical rating for PTLA stock?
ChartMill assigns a technical rating of 8 / 10 to PTLA.
What is the trend direction for PTLA stock?
The current trend direction for Portola Pharma (PTLA) is Bullish.
Can you provide the RSI signal for Portola Pharma?
Portola Pharma (PTLA) has an RSI value of 80.8638. This indicates that the stock is currently overbought.
What is the short term momentum for Portola Pharma (PTLA) stock?
The short term momentum for Portola Pharma (PTLA) is positive.
What are the support and resistance levels for Portola Pharma (PTLA) stock?
Portola Pharma (PTLA) has a support level at 17.97 and a resistance level at 18.04. Check the full technical report for our detailed analysis of PTLA support and resistance levels.