PTL LTD-A (PTLE) Technical Analysis
NASDAQ:PTLE • VGG7377S1193
Overall PTLE gets a technical rating of 3 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. PTLE was also a bad performer in the overall market in the last year.
- When comparing the yearly performance of all stocks, PTLE is a bad performer in the overall market: 96% of all stocks are doing better.
- PTLE is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 93% of 207 stocks in the same industry do better.
- PTLE is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so PTLE is lagging the market.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- In the last month PTLE has a been trading in the 7.20 - 16.17 range, which is quite wide. It is currently trading near the high of this range.
- PTLE has an average volume of 4504070 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
PTLE has a poor technical rating and the quality of the setup is also only medium 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
8.20
When analyzing the support we can see 3 important areas.
- A support zone ranging from 9.04 to 9.11. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 8.52 to 8.59. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 8.28 to 8.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @10.43 from a horizontal line in the daily time frame.
- Resistance @16.82 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 PTLE is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PTLE is up. |
| ChartMill Relative Strength | 4.24 | NEGATIVE | PTLE has a low relative strength, it was outperformed by 95.76% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PTLE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PTLE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PTLE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.84 | NEUTRAL | The RSI value for PTLE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests PTLE has a positive trend. |
| Stochastics (14,3) | 56.93 | NEUTRAL | The Stochastics value for PTLE is a neutral value. |
| Average True Range in percent/ATR (20) | 12.46 | HIGH VOLATILITY | The high ATR as a percentage value for PTLE suggests high volalility. |
| Average Directional Index/ADX (14) | 19.61 | NEGATIVE | The low ADX value for PTLE suggests a weak or negative trend. |
PTLE Technicals: Chart, Performance Metrics, Trend & Indicators
9.71
+0.22 (+2.32%)
PTL LTD-A / PTLE FAQ
Can you provide the ChartMill technical rating for PTL LTD-A?
ChartMill assigns a technical rating of 3 / 10 to PTLE.
Can you provide the trend direction for PTL LTD-A?
The current trend direction for PTL LTD-A (PTLE) is Bearish.
What is the RSI signal for PTLE stock?
PTL LTD-A (PTLE) has an RSI value of 56.8407. This indicates that the stock is currently neutral.
What is the MACD signal for PTL LTD-A (PTLE) stock?
The MACD indicator for PTL LTD-A (PTLE) has a value of 0.10002, indicating a bearish trend.
Can you provide the support and resistance levels for PTL LTD-A?
PTL LTD-A (PTLE) has a support level at 9.11 and a resistance level at 10.43. Check the full technical report for our detailed analysis of PTLE support and resistance levels.