ABRDN PHYSICAL PALLADIUM SHS (PALL) Stock Technical Analysis
NYSEARCA:PALL - NYSE Arca - US0032621023 - ETF - Currency: USD
Taking everything into account, PALL scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, PALL is showing a nice and steady performance.
Besides having an excellent technical rating, PALL also presents 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 92.34. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 91.66, a Stop Loss order could be placed below this zone.
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81.27
We found 2 important support areas.
- A support zone ranging from 87.93 to 91.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 82.09 to 84.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 92.34 to 95.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @103.71 from a trend line in the weekly time frame.
- Resistance @110.85 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 | UP | POSITIVE | The long term trend for PALL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PALL is up. |
| ChartMill Relative Strength | 72.68 | POSITIVE | PALL has a high relative strength, it outperformed 72.68% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PALL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PALL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PALL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.04 | NEUTRAL | The RSI value for PALL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests PALL has a positive trend. |
| Stochastics (14,3) | 63.14 | NEUTRAL | The Stochastics value for PALL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.16 | MEDIUM VOLATILITY | The ATR as a percentage value for PALL suggests some volalility. |
| Average Directional Index/ADX (14) | 14.91 | NEGATIVE | The low ADX value for PALL suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 95.09 | 87.57 | 7.52 (7.91%) | 12.65% |
| An entry @95.09. This is a Buy Stop order right above the resistance zone. | An exit @87.57. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 7.52 points, which is 7.91%. | When investing 12.65% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
92.33
+0.67 (+0.73%)