POWERFLEET INC (AIOT) Stock Technical Analysis
NASDAQ:AIOT - US73931J1097 - Common Stock
We assign a technical rating of 3 out of 10 to AIOT. Recently some decent action could be observed, but in the medium term time frame this is still negative. AIOT was also a bad performer in the overall market in the last year.
AIOT has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 4.81. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 4.44, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for AIOT in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
4.21
When analyzing the support we can see 2 important areas.
- A support zone ranging from 4.32 to 4.44. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @4.25 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 4.81 to 4.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for AIOT is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AIOT is up. |
| ChartMill Relative Strength | 37.25 | NEUTRAL | AIOT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AIOT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of AIOT is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of AIOT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.3 | NEUTRAL | The RSI value for AIOT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests AIOT has a positive trend. |
| Stochastics (14,3) | 84.4 | OVERBOUGHT | The high Stochastics value suggests AIOT may be overbought. |
| Average True Range in percent/ATR (20) | 5.99 | HIGH VOLATILITY | The high ATR as a percentage value for AIOT suggests high volalility. |
| Average Directional Index/ADX (14) | 20.63 | NEUTRAL | The ADX value for AIOT suggests a possible start of a new trend. |
4.8
+0.12 (+2.56%)