Should You Buy Purple Biotech Ltd (PPBT) Today? Analysis, Price Targets, and 2026 Outlook.
Analysis Updated At
2026/01/26
Purple Biotech Ltd (PPBT) is not a strong buy for a beginner, long-term investor at this time. The technical analysis shows a bearish trend, and there are no significant positive catalysts or trading signals. While the company's financial performance has improved in terms of net income, it remains unprofitable, and there is no recent news or analyst activity to support a bullish case. The options data suggests low trading sentiment, and the lack of congress trading data or influential figure activity further limits confidence in this stock as a good buy right now.
Technical Analysis
The MACD histogram is positive and expanding, indicating slight bullish momentum. However, the RSI is neutral at 55.776, and the moving averages are bearish (SMA_200 > SMA_20 > SMA_5). The stock is trading near its pivot level of 0.651, with resistance levels at 0.704 and 0.737 and support levels at 0.597 and 0.564. Overall, the technical indicators suggest a bearish trend.