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PALATIN TECHNOLOGIES INC (PTN) Stock Technical Analysis

USA - NYSEARCA:PTN - US6960775020 - Common Stock

0.0941 USD
-0.08 (-44.65%)
Last: 5/7/2025, 8:04:01 PM
Technical Rating and Analysis

0

Taking everything into account, PTN scores 0 out of 10 in our technical rating. PTN 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.
100% of all other stocks performed better in the past year than PTN.
PTN is one of the lesser performing stocks in the Biotechnology industry. 92% of 534 stocks in the same industry do better.
PTN is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
In the last month PTN has a been trading in the 0.09 - 0.50 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
PTN has an average volume of 3131150 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

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Weekly and Daily overview Charts
PALATIN TECHNOLOGIES INC / PTN Weekly stock chart
PALATIN TECHNOLOGIES INC / PTN Daily stock chart
Setup Rating and Analysis

1

The technical rating of PTN is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.

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Support and Resistance Analysis

0.09

0.10

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Technical Indicator Signal Analysis

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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorDOWNNEGATIVEThe long term trend for PTN is down.
ChartMill Short Term Trend IndicatorDOWNNEGATIVEThe short term trend for PTN is down.
ChartMill Relative Strength0.26NEGATIVEPTN has a low relative strength, it was outperformed by 99.74% off all stocks on the market.
Simple Moving Average/SMA (20)DOWNNEGATIVEThe current price of PTN is below a declining SMA(20).
Simple Moving Average/SMA (50)DOWNNEGATIVEThe current price of PTN is below a declining SMA(50).
Simple Moving Average/SMA (200)DOWNNEGATIVEThe current price of PTN is below a declining SMA(200).
Relative Strength Index/RSI (14)20.54OVERSOLDThe low RSI value suggests PTN may be oversold.
Moving Average Convergence Divergence/MACD (12, 26, 9)0.01POSITIVEThe MACD value suggests PTN has a positive trend, although the MACD value is declining.
Stochastics (14,3)3.71OVERSOLDThe low Stochastics value suggests PTN may be oversold.
Average True Range in percent/ATR (20)53.92HIGH VOLATILITYThe high ATR as a percentage value for PTN suggests high volalility.
Average Directional Index/ADX (14)47.87POSITIVEThe high ADX value value for PTN suggests a strong trend.
Chart- and CandleStick Pattern Analysis
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)

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PALATIN TECHNOLOGIES INC / PTN Daily stock chart

PALATIN TECHNOLOGIES INC

NYSEARCA:PTN (5/7/2025, 8:04:01 PM)

0.0941

-0.08 (-44.65%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-44.65%
1 Week-52.95%
2 Weeks-51.74%
1 Month-78.71%
3 Month-91.04%
6 Month-92.76%
12 Month-95.89%
2 Year-96.16%
3 Year-98.96%
5 Year-99.26%
10 Year-99.57%
15 Year-98.55%
Volatility
ATR(14)0.03
ATR(20)%53.92%
ATR Inc78.11%
Range Today0.02
ADR(20)0.04
ADR(20)%44.01%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0.26
3 months CRSN/A
6 months CRSN/A
Mansfield-9.19
10 Day High0.22
10 Day Low0.09
20 Day High0.5
20 Day Low0.09
52 Week High2.48
52 Week Low0.09
CS1 EndN/A
CR1 StartN/A
Volume & EV
DER(3)-4.79%
DER(5)3.81%
Volume14.57M
Volume Incr-13.93%
Vol(5)4.84M
Vol(50)3.13M

PALATIN TECHNOLOGIES INC / PTN FAQ

What is the technical rating for PTN stock?

ChartMill assigns a technical rating of 0 / 10 to PTN.


Can you provide the trend direction for PALATIN TECHNOLOGIES INC?

The current trend direction for PALATIN TECHNOLOGIES INC (PTN) is Bearish.


Can you provide the RSI signal for PALATIN TECHNOLOGIES INC?

PALATIN TECHNOLOGIES INC (PTN) has an RSI value of 20.5363. This indicates that the stock is currently oversold.


What is the short term momentum for PALATIN TECHNOLOGIES INC (PTN) stock?

The short term momentum for PALATIN TECHNOLOGIES INC (PTN) is negative.


What is the buy/sell signal for PTN stock?

The buy/sell signal for PALATIN TECHNOLOGIES INC (PTN) is sell as both the short term and long term trends are negative.