Investor Brief: Watching the Signals on Shares of Protagonist Therapeutics Inc (PTGX)

Narrowing in on shares of Protagonist Therapeutics Inc (PTGX), we can see that the current 20-Day Bollinger Bands signal is currently reading Hold. This short-term indicator can be used to help identify oversold and overbought conditions. The signal direction is presently Bearish. Following another signal, we note that the 10-day moving average Hilo channel reading is currently Sell. This indicator calculates the moving average based on highs/lows rather than the closing price. The direction of this signal has been spotted as reading Weakest.

Shifting gears, we see that the opinion signal for the current session is 8% Buy for Protagonist Therapeutics Inc. Investors may also be watching the strength and direction of the opinion signals. The opinion direction is presently Weakest. This is a measurement over the last three trading sessions that gives an indication of whether the latest recent price movement is following the signal. A Buy or Sell signal with a “Strongest” direction indicates that the signal is gaining strength. The opinion strength signal is presently reading Weak. This is a longer-term measure verse the historical strength.

Protagonist Therapeutics Inc (PTGX) currently has a standard deviation of -3.54. Standard deviation is defined as a measure of the dispersion from the mean in regards to a data set. When dealing with financial instruments, the standard deviation is applied to the annual rate of return to help measure the volatility of a particular investment. Watching the standard deviation may help investors see if a stock is primed for a major move. The stock’s current pivot is 16.97. The pivot point is typically used as a trend indicator. The pivot is the average of the close, low, and high of the prior trading period.

Protagonist Therapeutics Inc (PTGX)) currently has a 6 month MA of 12.78. Investors may use moving averages for different reasons. Some may use the moving average as a primary trading tool, while others may use it as a back-up. Investors may be watching when the stock price crosses a certain moving average and then closes on the other side. These moving average crossovers may be used to help identify momentum shifts, or possible entry/exit points. A cross below a certain moving average may signal the beginning of a downward move. On the other end, a cross above a moving average may indicatet a possible uptrend. Investors may be focused on multiple time periods when studying moving averages. Zooming out a bit further, we have noted that the 9 month moving average is currently 13.49.

Investors may be tracking the average range on shares of Protagonist Therapeutics Inc (PTGX). The stock currently has a 9 day average range of 1.26. This a moving average of trading ranges over a 9 day time frame. With this value, higher numbers tend to occur at market bottoms while lower values may be spotted during extended sideways periods. Looking at the 9 day relative strength reading, we can see that the value is currently 40.10%. This technical momentum indicator compares the size of recent gains to recent losses helping to identify possible overbought and oversold conditions.

By Journal Contributor