PALATIN TECHNOLOGIES INC (PTN) Stock Technical Analysis
NYSEARCA:PTN • US6960776010
We assign a technical rating of 7 out of 10 to PTN. Both in the recent history as in the last year, PTN has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- Both the short term and long term trends are positive. This is a very positive sign.
- PTN is one of the better performing stocks in the Biotechnology industry, it outperforms 99% of 521 stocks in the same industry.
- In the last month PTN has a been trading in the 14.48 - 21.00 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the yearly performance of all stocks, we notice that PTN is one of the better performing stocks in the market, outperforming 99% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
- PTN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PTN 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 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
14.35
We found 1 important support area.
- Support @14.49 from a horizontal 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 PTN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PTN is up. |
| ChartMill Relative Strength | 99.9 | POSITIVE | PTN has a high relative strength, it outperformed 99.9% 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) | DOWN | MIXED | The current price of PTN is above a declining 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) | 66.58 | NEUTRAL | The RSI value for PTN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.47 | POSITIVE | The MACD value suggests PTN has a positive trend. |
| Stochastics (14,3) | 97.99 | OVERBOUGHT | The high Stochastics value suggests PTN may be overbought. |
| Average True Range in percent/ATR (20) | 8.27 | HIGH VOLATILITY | The high ATR as a percentage value for PTN suggests high volalility. |
| Average Directional Index/ADX (14) | 18.28 | NEGATIVE | The low ADX value for PTN suggests a weak or negative trend. |
21
+1.65 (+8.53%)
PALATIN TECHNOLOGIES INC / PTN FAQ
What is the technical rating for PTN stock?
ChartMill assigns a technical rating of 7 / 10 to PTN.
What is the trend direction for PTN stock?
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 66.5775. This indicates that the stock is currently neutral.
What is the MACD signal for PTN stock?
The MACD indicator for PALATIN TECHNOLOGIES INC (PTN) has a value of 0.465922, indicating a bearish trend.
What is the short term momentum for PALATIN TECHNOLOGIES INC (PTN) stock?
The short term momentum for PALATIN TECHNOLOGIES INC (PTN) is positive.