Stock Trend Analysis Report
Prepared for you on Wednesday, July 18, 2018.
PALATIN TECHNOLOGIES (AMEX:PTN)
Smart Scan Chart Analysis is showing some near term rallying power. However, this market remains in the confines of a longer-term Downtrend with tight money management stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for PTN
The long term trend has been DOWN since Jun 19th, 2018 at 0.88
The intermediate term trend has been DOWN since May 23rd, 2018 at 1.12
The short term trend has been DOWN since Jul 11th, 2018 at 1.02
Smart Scan Analysis for PTN
Based on a pre-defined weighted trend formula for chart analysis, PTN scored -80 on a scale from -100 (strong downtrend) to +100 (strong uptrend).
|Year High||1.59||Year High Date||2018-04-10|
|Year Low||0.8267||Year Low Date||2018-02-06|
|52wk High||1.59||52wk High Date||2018-04-10|
|52wk Low||0.3821||52wk Low Date||2017-08-10|
|Year End Close||0.5999||Average Volume||2,435,307|
|Shares Outstanding||38,948||Short Interest||48,852|