PETRA ACQUISITION INC (PAIC) Technical Analysis
NASDAQ:PAIC
Current stock price
PAIC Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to PAIC. PAIC scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- When comparing the yearly performance of all stocks, PAIC is a bad performer in the overall market: 77% of all stocks are doing better.
- PAIC is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52 week range, so PAIC is lagging the market.
- In the last month PAIC has a been trading in the 7.88 - 11.29 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
PAIC Weekly and Daily overview Charts
PAIC Setup Rating and Analysis
The technical rating of PAIC is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
PAIC Support and Resistance Analysis
8.24
2 important resistance areas can be observed.
- A resistance zone ranging from 9.97 to 10.07. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @10.40 from a horizontal line in the weekly time frame.
PAIC 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 | NEUTRAL | NEUTRAL | The long term trend for PAIC is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PAIC is down. |
| ChartMill Relative Strength | 23.87 | NEGATIVE | PAIC has a low relative strength, it was outperformed by 76.13% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PAIC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PAIC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PAIC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 17.55 | OVERSOLD | The low RSI value suggests PAIC may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests PAIC has a negative trend. |
| Stochastics (14,3) | 14.55 | OVERSOLD | The low Stochastics value suggests PAIC may be oversold. |
| Average True Range in percent/ATR (20) | 3.51 | MEDIUM VOLATILITY | The ATR as a percentage value for PAIC suggests some volalility. |
PAIC Chart- and CandleStick Pattern Analysis
PAIC Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:PAIC (1/10/2022, 8:06:40 PM)
8.32
-0.9 (-9.76%)
PETRA ACQUISITION INC / PAIC TA FAQ
Can you provide the ChartMill technical rating for PETRA ACQUISITION INC?
ChartMill assigns a technical rating of 0 / 10 to PAIC.
What is the trend direction for PAIC stock?
The current trend direction for PETRA ACQUISITION INC (PAIC) is Bearish.
What is the RSI signal for PAIC stock?
PETRA ACQUISITION INC (PAIC) has an RSI value of 17.5465. This indicates that the stock is currently oversold.
What is the MACD signal for PETRA ACQUISITION INC (PAIC) stock?
The MACD indicator for PETRA ACQUISITION INC (PAIC) has a value of -0.17414, indicating a bearish trend.