UBS E-TRACS Long Platinum TR ETN (PTM) Stock Technical Analysis
NYSEARCA:PTM - NYSE Arca -
Overall PTM gets a technical rating of 0 out of 10. PTM scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
71% of all other stocks performed better in the past year than PTM.
PTM is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
Warning: PTM has an average volume of 1070 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 a tight range between 9.40 and 9.91.
Considerably lower volume is observed in the last couple of days.
PTM 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
9.33
10.87
When analyzing the support we notice one important area.
- Support @9.42 from a trend line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 9.47 to 9.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @10.15 from a trend line in the weekly time frame.
- A resistance zone ranging from 10.50 to 10.76. 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 | DOWN | NEGATIVE | The long term trend for PTM is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PTM is down. |
| ChartMill Relative Strength | 29.18 | NEGATIVE | PTM has a low relative strength, it was outperformed by 70.82% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PTM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PTM is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PTM is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 43.96 | NEUTRAL | The RSI value for PTM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests PTM has a positive trend. |
| Stochastics (14,3) | 13.11 | OVERSOLD | The low Stochastics value suggests PTM may be oversold. |
| Average True Range in percent/ATR (20) | 0.97 | LOW VOLATILITY | The low ATR as a percentage value for PTM suggests low volalility. |
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)
UBS E-TRACS Long Platinum TR ETN
NYSEARCA:PTM (5/11/2018, 8:04:05 PM)
9.46
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0%
1 Week0.64%
2 Weeks-0.73%
1 Month-1.36%
3 Month-6.98%
6 Month-3.17%
12 Month-1.66%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.07
ATR(20)%0.97%
ATR Inc-70.42%
Range Today0
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS29.18
Mansfield-0.96
10 Day High9.59
10 Day Low9.4
20 Day High9.91
20 Day Low9.4
52 Week High10.88
52 Week Low9
CS1 End9.42
CR1 Start9.47
Volume & EV
DER(3)0%
DER(5)0%
Volume2.30K
Volume Incr1.49%
Vol(5)680
Vol(50)1.07K