PITANIUM LTD-CL A (PTNM) Stock Technical Analysis
USA - NASDAQ:PTNM - VGG7111A1012 - Common Stock
Taking everything into account, PTNM scores 6 out of 10 in our technical rating. In the last year, PTNM was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
PTNM has an average technical rating and it also does not offer a high quality setup 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
10.29
We found 1 important resistance area.
- A resistance zone ranging from 10.40 to 10.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 PTNM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PTNM is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | PTNM has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PTNM is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PTNM is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 62.75 | NEUTRAL | The RSI value for PTNM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.21 | POSITIVE | The MACD value suggests PTNM has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.4 | OVERBOUGHT | The high Stochastics value suggests PTNM may be overbought. |
| Average True Range in percent/ATR (20) | 15.57 | HIGH VOLATILITY | The high ATR as a percentage value for PTNM suggests high volalility. |
| Average Directional Index/ADX (14) | 64.36 | POSITIVE | The high ADX value value for PTNM suggests a strong trend. |
10.39
-1.73 (-14.27%)
PITANIUM LTD-CL A / PTNM FAQ
What is the ChartMill technical rating of PITANIUM LTD-CL A (PTNM) stock?
ChartMill assigns a technical rating of 6 / 10 to PTNM.
What is the current trend direction of PITANIUM LTD-CL A (PTNM) stock?
The current trend direction for PITANIUM LTD-CL A (PTNM) is Bullish.
Can you provide the RSI signal for PITANIUM LTD-CL A?
PITANIUM LTD-CL A (PTNM) has an RSI value of 62.7517. This indicates that the stock is currently neutral.
What is the MACD signal for PITANIUM LTD-CL A (PTNM) stock?
The MACD indicator for PITANIUM LTD-CL A (PTNM) has a value of 0.210015, indicating a bearish trend.
What is the support and resistance level for PTNM stock?
PITANIUM LTD-CL A (PTNM) has a resistance level at 10.4. Check the full technical report for our detailed analysis of PTNM support and resistance levels.