PTL LTD-A (PTLE) Technical Analysis
NASDAQ:PTLE • VGG7377S1276
Current stock price
PTLE Technical Rating and Analysis
We assign a technical rating of 2 out of 10 to PTLE. 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 part of the Oil, Gas & Consumable Fuels industry. There are 209 other stocks in this industry, of which 92% are performing better than PTLE.
- PTLE 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.
- 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.
- 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.
- In the last month PTLE has a been trading in the 4.00 - 12.45 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
PTLE Weekly and Daily overview Charts
PTLE Setup Rating and Analysis
The technical rating of PTLE is bad and it also does not present a 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
PTLE Support and Resistance Analysis
8.53
4 important resistance areas can be observed.
- Resistance @8.94 from a horizontal line in the daily time frame.
- Resistance @9.17 from a trend line in the daily time frame.
- A resistance zone ranging from 9.72 to 9.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @10.00 from a horizontal line in the daily time frame.
PTLE 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 | 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 | 4.18 | NEGATIVE | PTLE has a low relative strength, it was outperformed by 95.82% 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) | DOWN | MIXED | The current price of PTLE is above a declining 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) | 57.65 | NEUTRAL | The RSI value for PTLE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.42 | POSITIVE | The MACD value suggests PTLE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 67.99 | NEUTRAL | The Stochastics value for PTLE is a neutral value. |
| Average True Range in percent/ATR (20) | 15.53 | HIGH VOLATILITY | The high ATR as a percentage value for PTLE suggests high volalility. |
| Average Directional Index/ADX (14) | 31.51 | POSITIVE | The high ADX value value for PTLE suggests a strong trend. |
PTLE Chart- and CandleStick Pattern Analysis
PTLE Technicals: Chart, Performance Metrics, Trend & Indicators
8.62
-0.31 (-3.47%)
PTL LTD-A / PTLE TA FAQ
Can you provide the ChartMill technical rating for PTL LTD-A?
ChartMill assigns a technical rating of 2 / 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 PTL LTD-A (PTLE) stock?
PTL LTD-A (PTLE) has an RSI value of 57.6546. This indicates that the stock is currently neutral.
Can you provide the short term momentum for PTL LTD-A?
The short term momentum for PTL LTD-A (PTLE) is positive.
Can you provide the support and resistance levels for PTL LTD-A?
PTL LTD-A (PTLE) has a resistance level at 8.94. Check the full technical report for our detailed analysis of PTLE support and resistance levels.