Protagonist Therapeutics Inc (PTGX): Price Now Near $47.87; Daily Chart Shows An Uptrend on 100 Day Basis

The Hourly View for PTGX

Currently, PTGX (Get Ratings)’s price is up $0.23 (0.49%) from the hour prior. The hourly chart shows that PTGX has seen 2 straight up hours. As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe. Of note is that the 20 hour changed directions on PTGX; it is now pointing up. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Out of Pharmaceutical Products stocks, PTGX ranks 44th in regards to today’s price percentage change.

PTGX’s Technical Outlook on the Daily Chart

Currently, PTGX’s price is up $1.22 (2.61%) from the day prior. This move is a reversal from the day prior, which saw price move down. As for the trend on the daily timeframe, we see the clearest trend on the 100 day timeframe. Regarding moving averages, it should first be noted that price has crossed the 50 day moving average, resulting in them with price now being above it. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. The chart below shows PTGX’s price action over the past 90 days.

PTGX

<

PTGX: Daily RSI Analysis

  • PTGX’s RSI now stands at 63.6066.
  • PTGX and RSI may be exhibiting divergent trends. This may be something to monitor.

Want More Great Investing Ideas?

9 “MUST OWN” Growth Stocks for 2021

5 WINNING Stock Chart Patterns

7 Best ETFs for the NEXT Bull Market