PALATIN TECHNOLOGIES INC (PTN) Technical Analysis
NYSEARCA:PTN • US6960776010
Current stock price
21.45 USD
+0.89 (+4.33%)
At close:
21.448 USD
0 (-0.01%)
After Hours:
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.
- Warning: PTN has an average volume of 24310 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 part of the Biotechnology industry. There are 519 other stocks in this industry. PTN outperforms 99% of them.
- PTN is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so PTN is performing more or less in line with the market.
- 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.
- In the last month PTN has a been trading in the 19.36 - 24.49 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
PTN Weekly and Daily overview Charts
PTN Setup Rating and Analysis
Besides having an excellent technical rating, PTN also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. We notice that large players showed an interest for PTN in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
PTN Support and Resistance Analysis
14.35
24.22
2 important support areas can be observed.
- Support @20.56 from a horizontal line in the daily time frame.
- Support @14.49 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @23.25 from a trend line in the daily time frame.
- A resistance zone ranging from 23.98 to 23.98. 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 | 99.82 | POSITIVE | PTN has a high relative strength, it outperformed 99.82% 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) | 51.69 | NEUTRAL | The RSI value for PTN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.32 | NEGATIVE | The MACD value suggests PTN has a negative trend. |
| Stochastics (14,3) | 17.83 | OVERSOLD | The low Stochastics value suggests PTN may be oversold. |
| Average True Range in percent/ATR (20) | 9.19 | HIGH VOLATILITY | The high ATR as a percentage value for PTN suggests high volalility. |
| Average Directional Index/ADX (14) | 27.27 | POSITIVE | The high ADX value value for PTN suggests a strong trend. |
PTN 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)
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 |
|---|---|---|---|
| 23.26 | 20.55 | 2.71 (11.65%) | 8.58% |
| An entry @23.26. This is a Buy Stop order right above the resistance zone. | An exit @20.55. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.71 points, which is 11.65%. | For a 1.00% total portfolio risk, you can invest 8.58% 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
21.45
+0.89 (+4.33%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg4.33%
1 Week-8.72%
2 Weeks-10.55%
1 Month-4.5%
3 Month25.81%
6 Month2612.44%
12 Month1349.32%
2 Year941.26%
3 Year286.49%
5 Year120.17%
10 Year10%
15 Year-37.37%
Volatility
ATR(14)1.93
ATR(20)%9.19%
ATR Inc4.22%
Range Today2.39
ADR(20)1.9
ADR(20)%8.87%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.82
3 months CRS93.89
6 months CRS100
Mansfield19.61
10 Day High23.78
10 Day Low20.56
20 Day High24.49
20 Day Low19.36
52 Week High31
52 Week Low0.09
CS1 End20.56
CR1 Start23.25
Volume & EV
DER(3)3.09%
DER(5)-2.57%
Volume34.30K
Volume Incr-22.2%
Vol(5)14.28K
Vol(50)24.31K
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 51.6935. 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 -0.321703, 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.