PLATINUM GROUP METALS LTD (PTM.CA) Stock Technical Analysis
TSX:PTM - CA72765Q8829 - Common Stock
2.23 CAD
-0.11 (-4.7%)
Overall PTM gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, PTM is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month PTM has a been trading in the 1.90 - 2.37 range, which is quite wide. It is currently trading near the high of this range.
When compared to the yearly performance of all other stocks, PTM outperforms 69% of them, which is more or less in line with the market.
PTM is an average performer in the Metals & Mining industry, it outperforms 46% of 803 stocks in the same industry.
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.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although PTM has an excellent technical rating, it does not present a decent entry opportunity 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
1.53
2.51
4 important support areas can be observed.
- A support zone ranging from 2.10 to 2.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.00 from a trend line in the daily time frame.
- A support zone ranging from 1.90 to 1.92. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @1.55 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @2.35 from a trend line in the weekly time frame.
- A resistance zone ranging from 2.47 to 2.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 PTM.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PTM.CA is up. |
| ChartMill Relative Strength | 69.94 | NEUTRAL | PTM.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PTM.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PTM.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of PTM.CA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.28 | NEUTRAL | The RSI value for PTM.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests PTM.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 87.22 | OVERBOUGHT | The high Stochastics value suggests PTM.CA may be overbought. |
| Average True Range in percent/ATR (20) | 3.89 | MEDIUM VOLATILITY | The ATR as a percentage value for PTM.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 16.53 | NEGATIVE | The low ADX value for PTM.CA suggests a weak or negative trend. |
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)
TSX:PTM (9/4/2025, 7:00:00 PM)
2.23
-0.11 (-4.7%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-4.7%
1 Week8.25%
2 Weeks14.95%
1 Month4.21%
3 Month0.45%
6 Month28.16%
12 Month39.38%
2 Year44.81%
3 Year0.45%
5 Year-16.79%
10 Year-99.26%
15 Year-99.91%
Volatility
ATR(14)0.1
ATR(20)%3.89%
ATR Inc26.28%
Range Today0.14
ADR(20)0.08
ADR(20)%3.7%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS69.94
Mansfield0.1
10 Day High2.37
10 Day Low1.9
20 Day High2.37
20 Day Low1.9
52 Week High3.13
52 Week Low1.39
CS1 End2.14
CR1 Start2.35
Volume & EV
DER(3)3%
DER(5)9.71%
Volume35.71K
Volume Incr53.37%
Vol(5)57.53K
Vol(50)53.84K