RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of PTN
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Big movements in Palatin Technologies Inc stock price on Thursday moving 19.25% between high and low
(Updated on Mar 28, 2024)

Sell candidate since Feb 28, 2024 Loss -23.67% PDF

The Palatin Technologies Inc stock price gained 16.88% on the last trading day (Thursday, 28th Mar 2024), rising from $1.60 to $1.87. During the last trading day the stock fluctuated 19.25% from a day low at $1.61 to a day high of $1.92. The price has risen in 6 of the last 10 days and is up by 24.67% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 283 thousand more shares were traded than the day before. In total, 396 thousand shares were bought and sold for approximately $739.82 thousand.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -37.89% during the next 3 months and, with a 90% probability hold a price between $0.242 and $2.39 at the end of this 3-month period.

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PTN Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, March 14, 2024, and so far it has risen 24.67%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Palatin Technologies Inc has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Palatin Technologies Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $2.44. On a fall, the stock will find some support from the short-term average at $1.62. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.

Support, Risk & Stop-loss for Palatin Technologies Inc stock

Palatin Technologies Inc finds support from accumulated volume at $1.86 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.310 between high and low, or 19.25%. For the last week, the stock has had daily average volatility of 9.07%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (PTN) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Palatin Technologies Inc to open at $1.80, and during the day (based on 14 day Average True Range), to move between $1.62 and $2.12, which gives a possible trading interval of +/-$0.253 (+/-13.55%) up or down from last closing price. If Palatin Technologies Inc takes out the full calculated possible swing range there will be an estimated 27.09% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $1.86 (0.53%) than the resistance at $1.98 (5.88%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Palatin Technologies Inc stock A Buy?

Palatin Technologies Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -1.583 Sell Candidate Unchanged

Predicted Opening Price for Palatin Technologies Inc of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$1.80 ( 3.74%) $1.87

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for PTN

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 2.11 12.83 %
R2 1.99 6.50 %
R1 1.92 2.59 %
Current price: 1.87
Support S1 1.68 -10.08 %
S2 1.61 -13.99 %
S3 1.49 -20.32 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 2.20 17.65 %
R2 2.01 7.49 %
R1 1.98 5.88 %
Current price 1.87
Support S1 1.86 -0.535%
S2 1.84 -1.60%
S3 1.60 -14.44%

FAQ

What is the symbol for Palatin Technologies Inc Stock and on which exchange is it traded?
The symbol for Palatin Technologies Inc is PTN and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Palatin Technologies Inc Stock?
Palatin Technologies Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

How to buy Palatin Technologies Inc Stock?
Palatin Technologies Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Palatin Technologies Inc Stock.

What's the current price of Palatin Technologies Inc Stock?
As of the end of day on the 2024-03-28, the price of an Palatin Technologies Inc (PTN) share was $1.87.

What is the 52-week high and low for Palatin Technologies Inc Stock?
The 52-week high for Palatin Technologies Inc Stock is $5.65 and the 52-week low is $1.43.

What is the market capitalization of Palatin Technologies Inc Stock?
As of the 2024-03-28, the market capitalization of Palatin Technologies Inc is 30.175M.

When is the next earnings date for Palatin Technologies Inc?
The upcoming earnings date for Palatin Technologies Inc is May 21, 2024.
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About Palatin Technologies Inc

Palatin Technologies Palatin Technologies, Inc., a biopharmaceutical company, develops targeted receptor-specific therapeutics for the treatment of various diseases in the United States. The company's lead product is Vyleesi, a melanocortin receptor (MCr) agonist for the treatment of premenopausal women with hypoactive sexual desire disorder. It is also developing oral PL8177, a selective MC1r agonist peptide that has completed Phase I clinical trial for the treatmen... PTN Profile

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