Prothena Plc Stock Technical Analysis

PRTA Stock  USD 24.77  0.39  1.55%   
As of the 28th of March, Prothena Plc holds the Variance of 21.09, risk adjusted performance of (0.05), and Coefficient Of Variation of (921.45). Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Prothena Plc, as well as the relationship between them. Put it differently, you can use this information to find out if the company will indeed mirror its model of past market data, or the prices will eventually revert. We were able to interpolate and analyze data for thirteen technical drivers for Prothena Plc, which can be compared to its competitors. Please check Prothena Plc market risk adjusted performance, variance, as well as the relationship between the Variance and value at risk to decide if Prothena Plc is priced some-what accurately, providing market reflects its current price of 24.77 per share. Given that Prothena Plc has information ratio of (0.14), we recommend you to check out Prothena Plc's recent market performance to make sure the company can sustain itself at a future point.

Prothena Plc Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Prothena, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Prothena
  
Prothena Plc's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Prothena Plc Analyst Consensus

Target PriceAdvice# of Analysts
89.39Strong Buy13Odds
Prothena Plc current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Prothena analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Prothena stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Prothena Plc, talking to its executives and customers, or listening to Prothena conference calls.
Prothena Analyst Advice Details
Prothena Plc technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Prothena Plc technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Prothena Plc trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Prothena Plc Technical Analysis

Indicator
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Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Prothena Plc volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Prothena Plc Trend Analysis

Use this graph to draw trend lines for Prothena Plc. You can use it to identify possible trend reversals for Prothena Plc as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Prothena Plc price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Prothena Plc Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Prothena Plc applied against its price change over selected period. The best fit line has a slop of   0.19  , which may suggest that Prothena Plc market price will keep on failing further. It has 122 observation points and a regression sum of squares at 1423.26, which is the sum of squared deviations for the predicted Prothena Plc price change compared to its average price change.

About Prothena Plc Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Prothena Plc on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Prothena Plc based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Prothena Plc price pattern first instead of the macroeconomic environment surrounding Prothena Plc. By analyzing Prothena Plc's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Prothena Plc's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Prothena Plc specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2021 2022 2023 2024 (projected)
Fixed Asset Turnover14.196.735.716.0
Current Ratio17.4814.3411.2422.33

Prothena Plc March 28, 2024 Technical Indicators

Most technical analysis of Prothena help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Prothena from various momentum indicators to cycle indicators. When you analyze Prothena charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Prothena Plc March 28, 2024 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Prothena stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
When determining whether Prothena Plc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Prothena Plc's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Prothena Plc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Prothena Plc Stock:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Prothena Plc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.
For information on how to trade Prothena Stock refer to our How to Trade Prothena Stock guide.
You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.

Complementary Tools for Prothena Stock analysis

When running Prothena Plc's price analysis, check to measure Prothena Plc's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Prothena Plc is operating at the current time. Most of Prothena Plc's value examination focuses on studying past and present price action to predict the probability of Prothena Plc's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Prothena Plc's price. Additionally, you may evaluate how the addition of Prothena Plc to your portfolios can decrease your overall portfolio volatility.
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Is Prothena Plc's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Prothena Plc. If investors know Prothena will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Prothena Plc listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(2.76)
Revenue Per Share
1.717
Quarterly Revenue Growth
(0.99)
Return On Assets
(0.16)
Return On Equity
(0.25)
The market value of Prothena Plc is measured differently than its book value, which is the value of Prothena that is recorded on the company's balance sheet. Investors also form their own opinion of Prothena Plc's value that differs from its market value or its book value, called intrinsic value, which is Prothena Plc's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Prothena Plc's market value can be influenced by many factors that don't directly affect Prothena Plc's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Prothena Plc's value and its price as these two are different measures arrived at by different means. Investors typically determine if Prothena Plc is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Prothena Plc's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.