Thursday May 23, 2019 Change -9.09% Price $1.40
Chart period: 2019-02-25 - 2019-05-23
VOLUME
Buy
TREND
Buy
MV LONG
Buy

MV SHORT
Sell

PIVOT
Sell

MACD
Buy

Social Sentiment for PTN

Today's data is from 5 opinions on StockTwits provided by IEX Cloud.
Bullish vs. Bearish opinions
60%
40%
Weighted Sentiment -0.13

Will PTN stock price go up or down on Fri, 24 May 2019?

Predict

Palatin Technologies Inc Forecast and Stock Analysis

Technical PTN stock analysis for Thursday May 23, 2019.

Buy candidate since 2019-05-17 Loss -2.10%
Shorts 17.14% ( 2019-04-15 )
Insider % n/a
Institutional % 33.00%
Beta 0.97
ROA -19.28%
Price to book USD 19.46
P/E Ratio -70.71
Next Earnings Date 2019-09-11


Palatin Technologies Inc fell by -9.09% in the last day ( Thursday, 23rd May 2019 ) from $1.54 to $1.40 and has now fallen 3 days in a row. During day the stock fluctuated 8.57% from a day low at $1.40 to a day high of $1.52. The price has risen in 6 of the last 10 days . Volume has increased in the last day by 0.52 million shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 2.33 million shares bought and sold for approximately $3.27 million.

Quick summary:

  • 30 day high of the PTN stock price was $1.74 and low was $1.09.
  • 90 day high was $1.74 and low was $0.80.
  • 52 week high for the Palatin Technologies Inc - $1.74 and low - $0.59.

Trend

Palatin Technologies Inc lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 54.84% during the next 3 months and, with 90% probability hold a price between $2.00 and $2.61 at the end of this period.

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Signals

There are mixed signals in the stock today. A sales signal was issued from a pivot top point on Tuesday May 21, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Palatin Technologies Inc holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $1.52. On a fall, the stock will find some support from the long-term average at approximately $1.26. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal.

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Relative Strength Index (RSI)

RSI14 is 59 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Palatin Technologies Inc finds support from accumulated volume at $1.39.

Support: $1.39 Price: $1.40 Resistance: $1.43

Risk

This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.12 between high and low, or 8.57%. For the last week, the stock has had a daily average volatility of 16.92%.

Our recommended stoploss: $1.31 (-6.17%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from pivot top found 2 days ago.)

16.92 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Weaker Buy Today PTN ranks #686 as BUY CANDIDATE #686 Stronger Buy
PTN $1.40 ($-0.14 -9.09%)
PTN is down $0.14 today, but where's it headed in 2019?
Zacks Investment Research is releasing its prediction for PTN based on the 1-3 month system that more than doubles the S&P 500.

This report is free today for StockInvest.us readers.

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Will PTN stock price go up or down
on Fri, 24 May 2019?

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