PALATIN TECHNOLOGIES INC (PTN) Technical Analysis
NYSEARCA:PTN • US6960776010
Current stock price
PTN Technical Rating and Analysis
We assign a technical rating of 7 out of 10 to PTN. In the last year, PTN was one of the better performers, but we do observe some doubts in the very recent evolution.
- In the last month PTN has a been trading in the 19.50 - 24.49 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.
- Warning: PTN has an average volume of 20210 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- PTN is one of the better performing stocks in the Biotechnology industry, it outperforms 99% of 519 stocks in the same industry.
- Looking at the yearly performance, PTN did better than 99% of all other 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 trading in the upper part of its 52 week range, so PTN is lagging the market slightly.
- Considerably lower volume is observed in the last couple of days.
PTN Weekly and Daily overview Charts
PTN Setup Rating and Analysis
PTN has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 22.88. Right above this resistance zone may be a good entry point.
More info and screens
PTN Support and Resistance Analysis
19.65
We found 1 important support area.
- A support zone ranging from 19.85 to 19.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 22.88 to 23.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
PTN 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.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for PTN is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PTN is neutral. |
| ChartMill Relative Strength | 99.87 | POSITIVE | PTN has a high relative strength, it outperformed 99.87% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PTN is below a declining 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) | 46.23 | NEUTRAL | The RSI value for PTN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.41 | NEGATIVE | The MACD value suggests PTN has a negative trend. |
| Stochastics (14,3) | 22.79 | NEUTRAL | The Stochastics value for PTN is a neutral value. |
| Average True Range in percent/ATR (20) | 8.91 | HIGH VOLATILITY | The high ATR as a percentage value for PTN suggests high volalility. |
| Average Directional Index/ADX (14) | 21.22 | NEUTRAL | The ADX value for PTN suggests a possible start of a new trend. |
PTN Chart- and CandleStick Pattern Analysis
PTN Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 21.14 | 19.84 | 1.30 (6.16%) | 16.24% |
| An entry @21.14. This is a Buy Stop order right above the 10 day moving average. | An exit @19.84. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.30 points, which is 6.16%. | For a 1.00% total portfolio risk, you can invest 16.24% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of PTN. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
PTN Technicals: Chart, Performance Metrics, Trend & Indicators
19.99
-0.66 (-3.2%)
PALATIN TECHNOLOGIES INC / PTN TA 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 46.2265. 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 -0.413329, 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 neutral.