Protective Insurance Corp Cl B (PTVCB) Technical Analysis
NASDAQ:PTVCB
Current stock price
PTVCB Technical Rating and Analysis
Overall PTVCB gets a technical rating of 8 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, PTVCB is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, PTVCB did better than 76% of all other stocks.
- PTVCB is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month PTVCB has a been trading in a tight range between 22.96 and 23.31.
- Volume is considerably higher in the last couple of days.
PTVCB Weekly and Daily overview Charts
PTVCB Setup Rating and Analysis
PTVCB 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 23.31. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 23.15, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
PTVCB Support and Resistance Analysis
14.49
When analyzing the support we can see 3 important areas.
- A support zone ranging from 22.87 to 23.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @15.32 from a trend line in the daily time frame.
- Support @14.64 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 23.31 to 23.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
PTVCB 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 PTVCB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PTVCB is up. |
| ChartMill Relative Strength | 76.01 | POSITIVE | PTVCB has a high relative strength, it outperformed 76.01% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PTVCB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PTVCB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PTVCB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 68.75 | NEUTRAL | The RSI value for PTVCB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests PTVCB has a positive trend. |
| Stochastics (14,3) | 92.9 | OVERBOUGHT | The high Stochastics value suggests PTVCB may be overbought. |
| Average True Range in percent/ATR (20) | 0.45 | LOW VOLATILITY | The low ATR as a percentage value for PTVCB suggests low volalility. |
PTVCB Chart- and CandleStick Pattern Analysis
PTVCB 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 |
|---|---|---|---|
| 23.40 | 23.01 | 0.39 (1.67%) | 25.00% |
| An entry @23.40. This is a Buy Stop order right above the resistance zone. | An exit @23.01. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.39 points, which is 1.67%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.42%. |
- 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.
PTVCB Technicals: Chart, Performance Metrics, Trend & Indicators
23.3
+0.02 (+0.09%)
Protective Insurance Corp Cl B / PTVCB TA FAQ
What is the technical rating for PTVCB stock?
ChartMill assigns a technical rating of 8 / 10 to PTVCB.
What is the trend direction for PTVCB stock?
The current trend direction for Protective Insurance Corp Cl B (PTVCB) is Bullish.
What is the RSI signal for PTVCB stock?
Protective Insurance Corp Cl B (PTVCB) has an RSI value of 68.7477. This indicates that the stock is currently neutral.
What is the MACD signal for PTVCB stock?
The MACD indicator for Protective Insurance Corp Cl B (PTVCB) has a value of 0.0020492, indicating a bearish trend.
What is the short term momentum for Protective Insurance Corp Cl B (PTVCB) stock?
The short term momentum for Protective Insurance Corp Cl B (PTVCB) is positive.