We assign a technical rating of 9 out of 10 to PTN. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, PTN is showing a nice and steady performance.
Although PTN 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
16.81
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 PTN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PTN is up. |
| ChartMill Relative Strength | 99.95 | POSITIVE | PTN has a high relative strength, it outperformed 99.95% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PTN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PTN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PTN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 71.78 | OVERBOUGHT | The high RSI value suggests PTN may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.15 | POSITIVE | The MACD value suggests PTN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 75.17 | NEUTRAL | The Stochastics value for PTN is a neutral value. |
| Average True Range in percent/ATR (20) | 15.73 | HIGH VOLATILITY | The high ATR as a percentage value for PTN suggests high volalility. |
| Average Directional Index/ADX (14) | 70.8 | POSITIVE | The high ADX value value for PTN suggests a strong trend. |
16.98
-1.62 (-8.71%)
PALATIN TECHNOLOGIES INC / PTN FAQ
What is the technical rating for PTN stock?
ChartMill assigns a technical rating of 9 / 10 to PTN.
Can you provide the trend direction for PALATIN TECHNOLOGIES INC?
The current trend direction for PALATIN TECHNOLOGIES INC (PTN) is Bullish.
Can you provide the RSI signal for PALATIN TECHNOLOGIES INC?
PALATIN TECHNOLOGIES INC (PTN) has an RSI value of 71.7783. This indicates that the stock is currently overbought.
What is the short term momentum for PALATIN TECHNOLOGIES INC (PTN) stock?
The short term momentum for PALATIN TECHNOLOGIES INC (PTN) is positive.
What is the buy/sell signal for PTN stock?
The buy/sell signal for PALATIN TECHNOLOGIES INC (PTN) is buy as both the short term and long term trends are positive.