Stock Trend Analysis Report
Prepared for you on Thursday, February 21, 2019.
Palatin Technologies, Inc (AMEX:PTN)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight 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 0.8800
The intermediate term trend has been UP since Feb 4th, 2019 at 0.7448
The short term trend has been UP since Feb 14th, 2019 at 0.7900
Smart Scan Analysis for PTN
Based on a pre-defined weighted trend formula for chart analysis, PTN scored +60 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||1.59||52wk High Date||2018-04-10|
|52wk Low||0.59||52wk Low Date||2018-12-26|
|Year End Close||0.5999||Average Volume||705,687|
|Shares Outstanding||203,063||Short Interest||48,852|
|% Institutional||42.3||Market Cap||160M|