Stock Trend Analysis Report
Prepared for you on Thursday, August 11, 2022.
Palatin Technologies, Inc. (AMEX:PTN)
Weak Downtrend (-65) - PTN is showing signs of a strengthening downtrend. Monitor PTN as it may be building momentum to the downside.
Is it time to buy, sell, or avoid PTN?
MarketClub looks at technical strength and momentum to determine if the timing is right for PTN.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for PTN
The long-term trend has been DOWN since May 2nd, 2022 at 0.3650
The intermediate-term trend has been DOWN since Apr 21st, 2022 at 0.4000
The short-term trend has been UP since Aug 5th, 2022 at 0.2799
Smart Scan Analysis for PTN
Based on our trend formula, PTN is rated as a -65 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|Year High||1.59||Year High Date||2018-04-10|
|Year Low||0.6771||Year Low Date||2018-11-27|
|52wk High||0.96||52wk High Date||2021-11-29|
|52wk Low||0.2518||52wk Low Date||2022-08-03|
|Year End Close||0.5999||Average Volume||673,444|
|Shares Outstanding||231,774||Short Interest||48,852|
|% Institutional||42.3||Market Cap||214M|