PITANIUM LTD-CL A (PTNM) Technical Analysis
NASDAQ:PTNM • VGG7111A1012
Current stock price
PTNM Technical Rating and Analysis
Overall PTNM gets a technical rating of 6 out of 10. PTNM has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
- When comparing the yearly performance of all stocks, PTNM is a bad performer in the overall market: 100% of all stocks are doing better.
- PTNM is one of the lesser performing stocks in the Specialty Retail industry. 91% of 123 stocks in the same industry do better.
- 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.
- In the last month PTNM has a been trading in the 2.33 - 12.54 range, which is quite wide. It is currently trading near the high of this range.
- PTNM has an average volume of 2694030 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
PTNM Weekly and Daily overview Charts
PTNM Setup Rating and Analysis
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
PTNM Support and Resistance Analysis
10.29
When analyzing the resistance we notice one important 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.
PTNM 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 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. |
PTNM Chart- and CandleStick Pattern Analysis
PTNM Technicals: Chart, Performance Metrics, Trend & Indicators
10.39
-1.73 (-14.27%)
PITANIUM LTD-CL A / PTNM TA FAQ
What is the ChartMill technical rating of PITANIUM LTD-CL A (PTNM) stock?
ChartMill assigns a technical rating of 6 / 10 to PTNM.
Can you provide the trend direction for PITANIUM LTD-CL A?
The current trend direction for PITANIUM LTD-CL A (PTNM) is Bullish.
What is the RSI signal for PTNM stock?
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.
Can you provide the buy/sell signal for PITANIUM LTD-CL A?
The buy/sell signal for PITANIUM LTD-CL A (PTNM) is buy as both the short term and long term trends are positive.