PLATINUM GROUP METALS LTD (PTM.CA) Stock Technical Analysis
TSX:PTM - Toronto Stock Exchange - CA72765Q8829 - Common Stock - Currency: CAD
Taking everything into account, PTM scores 7 out of 10 in our technical rating. Although PTM is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
When compared to the yearly performance of all other stocks, PTM outperforms 64% of them, which is more or less in line with the market.
PTM is an average performer in the Metals & Mining industry, it outperforms 51% of 808 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.
In the last month PTM has a been trading in the 1.88 - 2.39 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, PTM also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
1.50
2.29
When analyzing the support we can see 6 important areas.
- A support zone ranging from 2.14 to 2.17. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @1.98 from a trend line in the daily time frame.
- A support zone ranging from 1.88 to 1.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.70 from a trend line in the daily time frame.
- Support @1.64 from a trend line in the weekly time frame.
- Support @1.52 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- Resistance @2.23 from a horizontal line in the weekly time frame.
- Resistance @2.27 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 | UP | POSITIVE | The long term trend for PTM.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PTM.CA is neutral. |
| ChartMill Relative Strength | 64.52 | 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) | UP | POSITIVE | The current price of PTM.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56 | NEUTRAL | The RSI value for PTM.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests PTM.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 42.4 | NEUTRAL | The Stochastics value for PTM.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 6.2 | HIGH VOLATILITY | The high ATR as a percentage value for PTM.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 18.29 | 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 (7/2/2025, 7:00:00 PM)
2.18
+0.11 (+5.31%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg5.31%
1 Week6.86%
2 Weeks4.31%
1 Month4.31%
3 Month46.31%
6 Month14.14%
12 Month-15.18%
2 Year22.47%
3 Year6.34%
5 Year-25.09%
10 Year-99.43%
15 Year-99.88%
Volatility
ATR(14)0.13
ATR(20)%6.2%
ATR Inc-23.64%
Range Today0.11
ADR(20)0.12
ADR(20)%5.58%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS64.52
Mansfield0.27
10 Day High2.27
10 Day Low1.88
20 Day High2.39
20 Day Low1.88
52 Week High3.13
52 Week Low1.39
CS1 End1.96
CR1 Start2.13
Volume & EV
DER(3)0%
DER(5)0%
Volume86.10K
Volume Incr9.5%
Vol(5)74.57K
Vol(50)50.71K