PORTAGE BIOTECH INC (PRTG) Stock Technical Analysis
NASDAQ:PRTG - Nasdaq - VGG7185A1369 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to PRTG. In the last year, PRTG was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
PRTG is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
PRTG is part of the Biotechnology industry. There are 568 other stocks in this industry. PRTG outperforms 97% of them.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
PRTG has an average volume of 1356150 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, PRTG did better than 97% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
In the last month PRTG has a been trading in the 4.07 - 13.20 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although PRTG has an excellent technical rating, it does not present a decent entry opportunity 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
3.92
9.68
We found 4 important support areas.
- Support @5.48 from a trend line in the daily time frame.
- Support @4.48 from a trend line in the weekly time frame.
- Support @4.34 from a trend line in the daily time frame.
- Support @3.96 from a horizontal line in the daily time frame.
We can see 4 important resistance areas.
- Resistance @8.36 from a trend line in the weekly time frame.
- A resistance zone ranging from 8.60 to 8.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @8.89 from a horizontal line in the daily time frame.
- A resistance zone ranging from 9.53 to 9.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.64
Mansfield6.62
10 Day High13.11
10 Day Low4.58
20 Day High13.2
20 Day Low4.07
52 Week High23.01
52 Week Low2.1
Performance
1 Week53.73%
2 Weeks30.02%
1 Month80.23%
3 Month91.22%
6 Month27.9%
12 Month44.65%
2 Year-88.26%
3 Year-92.92%
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.13
RSI(14)58.49
LBB3.86
UBB9.92
7.84
+1.09 (+16.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg16.15%
1 Week53.73%
2 Weeks30.02%
1 Month80.23%
3 Month91.22%
6 Month27.9%
12 Month44.65%
2 Year-88.26%
3 Year-92.92%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.86
ATR(20)%23.43%
ATR Inc-25.12%
Range Today1.88
ADR(20)1.58
ADR(20)%20.21%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.64
Mansfield6.62
10 Day High13.11
10 Day Low4.58
20 Day High13.2
20 Day Low4.07
52 Week High23.01
52 Week Low2.1
CS1 End5.48
CR1 Start8.36
Volume & EV
DER(3)-0.22%
DER(5)2%
Volume861.60K
Volume Incr291.43%
Vol(5)6.64M
Vol(50)1.36M