PAC Technical Analysis - GRUPO AEROPORTUARIO PAC-ADR

Technical Rating and Analysis

Taking everything into account, PAC scores 3 out of 10 in our technical rating. Although PAC is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

In the last month PAC has a been trading in the 218.93 - 255.94 range, which is quite wide. It is currently trading near the lows of this range.

Looking at the yearly performance, PAC did better than 73% of all other stocks. On top of that, PAC also shows a nice and consistent pattern of rising prices.

PAC is one of the better performing stocks in the Transportation Infrastructure industry, it outperforms 80% of 6 stocks in the same industry.

PAC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PAC is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

GRUPO AEROPORTUARIO PAC-ADR / PAC Weekly stock chart

GRUPO AEROPORTUARIO PAC-ADR / PAC Daily stock chart

Setup Rating and Analysis

PAC has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 219.23, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

200.90

235.29

When analyzing the support we can see 2 important areas.

A support zone ranging from 219.23 to 219.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @202.93 from a trend line in the weekly time frame.

We found 1 important resistance area.

A resistance zone ranging from 230.72 to 232.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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Technical Indicator Signal Analysis

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	DOWN	NEGATIVE	The long term trend for PAC is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for PAC is down.
ChartMill Relative Strength	73.03	POSITIVE	PAC has a high relative strength, it outperformed 73.03% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of PAC is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of PAC is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of PAC is above the rising SMA(200).
Relative Strength Index/RSI (14)	29.4	OVERSOLD	The low RSI value suggests PAC may be oversold.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-1.01	NEGATIVE	The MACD value suggests PAC has a negative trend, although the MACD value is rising.
Stochastics (14,3)	6.25	OVERSOLD	The low Stochastics value suggests PAC may be oversold.
Average True Range in percent/ATR (20)	2.69	MEDIUM VOLATILITY	The ATR as a percentage value for PAC suggests some volalility.
Average Directional Index/ADX (14)	35.86	POSITIVE	The high ADX value value for PAC suggests a strong trend.