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PLATINUM GROUP METALS LTD (PTM.CA) Stock Technical Analysis

TSX:PTM - Toronto Stock Exchange - CA72765Q8829 - Common Stock - Currency: CAD

1.98  -0.11 (-5.26%)

Technical Rating and Analysis

3

Overall PTM gets a technical rating of 3 out of 10. PTM has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.

Warning: PTM has an average volume of 29661 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
In the last month PTM has a been trading in the 1.72 - 2.15 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When comparing the yearly performance of all stocks, we notice that PTM is one of the better performing stocks in the market, outperforming 73% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
PTM is part of the Metals & Mining industry. There are 820 other stocks in this industry, PTM did better than 60% of them.
PTM is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PTM is lagging the market.
Weekly and Daily overview Charts
PLATINUM GROUP METALS LTD / PTM Weekly stock chart
PLATINUM GROUP METALS LTD / PTM Daily stock chart
Setup Rating and Analysis

7

Although the technical rating is bad, PTM does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. Another positive sign is the recent Pocket Pivot signal.

  • A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
Support and Resistance Analysis

1.65

2.12

4 important support areas can be observed.

  • A support zone ranging from 1.86 to 1.87. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • Support @1.80 from a horizontal line in the weekly time frame.
  • A support zone ranging from 1.72 to 1.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @1.67 from a horizontal line in the daily time frame.

2 important resistance areas can be observed.

  • Resistance @1.99 from a horizontal line in the weekly time frame.
  • Resistance @2.10 from a horizontal line in the daily time frame.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS73.22
Mansfield-1.1
10 Day High2.15
10 Day Low1.77
20 Day High2.15
20 Day Low1.72
52 Week High3.13
52 Week Low1.32
Performance
1 Week10%
2 Weeks5.32%
1 Month0.51%
3 Month-12%
6 Month6.45%
12 Month44.53%
2 Year1.54%
3 Year-21.43%
5 Year-21.43%
10 Year-99.7%
15 Year-99.9%
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)
Technical Indicators
MACD(12,26,9)0.03
RSI(14)53.62
LBB1.7
UBB2.07
PLATINUM GROUP METALS LTD / PTM Daily stock chart

PLATINUM GROUP METALS LTD

TSX:PTM (2/14/2025, 7:00:00 PM)

1.98

-0.11 (-5.26%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-5.26%
1 Week10%
2 Weeks5.32%
1 Month0.51%
3 Month-12%
6 Month6.45%
12 Month44.53%
2 Year1.54%
3 Year-21.43%
5 Year-21.43%
10 Year-99.7%
15 Year-99.9%
Volatility
ATR(14)0.13
ATR(20)%5.95%
ATR Inc80.06%
Range Today0.25
ADR(20)0.11
ADR(20)%5.32%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS73.22
Mansfield-1.1
10 Day High2.15
10 Day Low1.77
20 Day High2.15
20 Day Low1.72
52 Week High3.13
52 Week Low1.32
CS1 End1.87
CR1 Start1.99
Volume & EV
DER(3)-7.56%
DER(5)2.06%
Volume81.16K
Volume Incr50.61%
Vol(5)45.81K
Vol(50)29.66K