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Protech Home Medical Corp (PTQ.CA) Stock Technical Analysis

TSX-V:PTQ - TSX Venture Exchange -

2.06  -0.11 (-5.07%)

Technical Rating and Analysis

4

Taking everything into account, PTQ scores 4 out of 10 in our technical rating. Although PTQ is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.

When comparing the yearly performance of all stocks, we notice that PTQ is one of the better performing stocks in the market, outperforming 71% of all stocks. On top of that, PTQ also shows a nice and consistent pattern of rising prices.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
PTQ 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 PTQ is lagging the market slightly.
In the last month PTQ has a been trading in the 1.90 - 2.23 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
Weekly and Daily overview Charts
Protech Home Medical Corp / PTQ Weekly stock chart
Protech Home Medical Corp / PTQ Daily stock chart
Setup Rating and Analysis

4

PTQ has an average technical rating and also the quality of the setup is only medium 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.

Support and Resistance Analysis

1.84

2.55

2 important support areas can be observed.

  • A support zone ranging from 1.95 to 2.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A support zone ranging from 1.86 to 1.86. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 4 important areas.

  • A resistance zone ranging from 2.07 to 2.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Resistance @2.18 from a horizontal line in the daily time frame.
  • Resistance @2.45 from a horizontal line in the weekly time frame.
  • Resistance @2.52 from a horizontal line in the daily time frame.
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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorNEUTRALNEUTRALThe long term trend for PTQ.CA is neutral.
ChartMill Short Term Trend IndicatorNEUTRALNEUTRALThe short term trend for PTQ.CA is neutral.
ChartMill Relative Strength71.62POSITIVEPTQ.CA has a high relative strength, it outperformed 71.62% off all stocks on the market.
Simple Moving Average/SMA (20)DOWNNEGATIVEThe current price of PTQ.CA is below a declining SMA(20).
Simple Moving Average/SMA (50)DOWNNEGATIVEThe current price of PTQ.CA is below a declining SMA(50).
Simple Moving Average/SMA (200)UPPOSITIVEThe current price of PTQ.CA is above the rising SMA(200).
Relative Strength Index/RSI (14)46.3NEUTRALThe RSI value for PTQ.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)0POSITIVEThe MACD value suggests PTQ.CA has a positive trend.
Stochastics (14,3)52.47NEUTRALThe Stochastics value for PTQ.CA is a neutral value.
Average True Range in percent/ATR (20)4.54MEDIUM VOLATILITYThe ATR as a percentage value for PTQ.CA suggests some volalility.
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)
Protech Home Medical Corp / PTQ Daily stock chart

Protech Home Medical Corp

TSX-V:PTQ (5/12/2021, 4:01:00 PM)

2.06

-0.11 (-5.07%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-5.07%
1 Week0.98%
2 Weeks-0.48%
1 Month-4.19%
3 Month-15.92%
6 Month24.85%
12 Month101.96%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%4.54%
ATR Inc224.21%
Range Today0.14
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS71.62
Mansfield1.39
10 Day High2.18
10 Day Low1.9
20 Day High2.23
20 Day Low1.9
52 Week High2.54
52 Week Low1.02
CS1 End2
CR1 Start2.07
Volume & EV
DER(3)-5.55%
DER(5)-4.87%
Volume739.13K
Volume Incr154.79%
Vol(5)603.13K
Vol(50)371.07K