Stock Trend Analysis Report
Prepared for you on Sunday, October 24, 2021.
Palatin Technologies, Inc. (AMEX:PTN)
Long-Term Downtrend (-90) - PTN is in a strong downtrend that is likely to continue. While PTN is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
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 Apr 12th, 2021 at 0.60050
The intermediate-term trend has been DOWN since Sep 20th, 2021 at 0.45015
The short-term trend has been DOWN since Oct 21st, 2021 at 0.41500
Smart Scan Analysis for PTN
Based on our trend formula, PTN is rated as a -90 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||1.3||52wk High Date||2021-02-10|
|52wk Low||0.375||52wk Low Date||2020-10-28|
|Year End Close||0.5999||Average Volume||776,608|
|Shares Outstanding||231,258||Short Interest||48,852|
|% Institutional||42.3||Market Cap||214M|