Overall PAIC gets a technical rating of 0 out of 10. 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.
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
8.24
When analyzing the resistance we notice 2 important areas.
- 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.
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. |
NASDAQ:PAIC (1/10/2022, 8:06:40 PM)
8.32
-0.9 (-9.76%)
PETRA ACQUISITION INC / PAIC 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.
Can you provide the RSI signal for PETRA ACQUISITION INC?
PETRA ACQUISITION INC (PAIC) has an RSI value of 17.5465. This indicates that the stock is currently oversold.
Can you provide the short term momentum for PETRA ACQUISITION INC?
The short term momentum for PETRA ACQUISITION INC (PAIC) is negative.
What is the support and resistance level for PAIC stock?
PETRA ACQUISITION INC (PAIC) has a resistance level at 9.97. Check the full technical report for our detailed analysis of PAIC support and resistance levels.