PALATIN TECHNOLOGIES INC (PTN) Stock Technical Analysis
NYSEARCA:PTN - NYSE Arca - US6960775020 - Common Stock - Currency: USD
Overall PTN gets a technical rating of 2 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. PTN was also a bad performer in the overall market in the last year.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, PTN is a bad performer in the overall market: 92% of all stocks are doing better.
PTN is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
PTN is part of the Biotechnology industry. There are 572 other stocks in this industry, PTN did better than 42% of them.
In the last month PTN has a been trading in the 0.79 - 1.38 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
PTN has a poor technical rating and the quality of the setup is also only medium at the moment. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
0.81
1.19
3 important support areas can be observed.
- Support @0.91 from a trend line in the weekly time frame.
- Support @0.87 from a horizontal line in the weekly time frame.
- Support @0.82 from a trend line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 1.00 to 1.01. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 1.05 to 1.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.16 from a trend line in the daily time frame.
- Resistance @1.18 from a trend line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.96
Mansfield-3.69
10 Day High1.16
10 Day Low0.88
20 Day High1.38
20 Day Low0.79
52 Week High3.99
52 Week Low0.68
Performance
1 Week-5.66%
2 Weeks1.01%
1 Month5.26%
3 Month4.17%
6 Month-35.06%
12 Month-68.05%
2 Year-68.45%
3 Year-89.99%
5 Year-92.17%
10 Year-95.74%
15 Year-84%
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)0.01
RSI(14)50.51
LBB0.81
UBB1.13
1
-0.02 (-1.96%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryBiotechnology
Performance
% Chg-1.96%
1 Week-5.66%
2 Weeks1.01%
1 Month5.26%
3 Month4.17%
6 Month-35.06%
12 Month-68.05%
2 Year-68.45%
3 Year-89.99%
5 Year-92.17%
10 Year-95.74%
15 Year-84%
Volatility
ATR(14)0.14
ATR(20)%12.32%
ATR Inc-47.1%
Range Today0.08
ADR(20)0.12
ADR(20)%11.99%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.96
Mansfield-3.69
10 Day High1.16
10 Day Low0.88
20 Day High1.38
20 Day Low0.79
52 Week High3.99
52 Week Low0.68
CS1 End0.91
CR1 Start1
Volume & EV
DER(3)-7.67%
DER(5)-1.79%
Volume801.60K
Volume Incr-58.88%
Vol(5)659.20K
Vol(50)967.72K