ABRDN PHYSICAL PALLADIUM SHS (PALL) Stock Technical Analysis
NYSEARCA:PALL • US0032621023
Overall PALL gets a technical rating of 8 out of 10. In the last year, PALL was one of the better performers, but we do observe some doubts in the very recent evolution.
- In the last month PALL has a been trading in the 145.38 - 197.41 range, which is quite wide. It is currently trading near the lows of this range.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- Looking at the yearly performance, PALL did better than 92% of all other stocks. We also observe that the gains produced by PALL over the past year are nicely spread over this period.
- PALL is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PALL is lagging the market.
Besides having an excellent technical rating, PALL also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 159.61. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 154.72, a Stop Loss order could be placed below this zone.
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81.27
When analyzing the support we can see 5 important areas.
- A support zone ranging from 153.21 to 154.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 145.38 to 150.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @142.40 from a trend line in the daily time frame.
- Support @122.72 from a trend line in the weekly time frame.
- Support @82.09 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 159.61 to 161.96. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The long term trend for PALL is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PALL is neutral. |
| ChartMill Relative Strength | 92.35 | POSITIVE | PALL has a high relative strength, it outperformed 92.35% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PALL is below a declining 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) | 50.68 | NEUTRAL | The RSI value for PALL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.74 | NEGATIVE | The MACD value suggests PALL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 38.57 | NEUTRAL | The Stochastics value for PALL is a neutral value. |
| Average True Range in percent/ATR (20) | 6.6 | HIGH VOLATILITY | The high ATR as a percentage value for PALL suggests high volalility. |
| Average Directional Index/ADX (14) | 12.12 | 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 |
|---|---|---|---|
| 161.97 | 153.20 | 8.77 (5.41%) | 18.47% |
| An entry @161.97. This is a Buy Stop order right above the resistance zone. | An exit @153.20. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 8.77 points, which is 5.41%. | For a 1.00% total portfolio risk, you can invest 18.47% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of PALL. Please evaluate whether better entry and exit points can be found.
- 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.
159.6
+6.68 (+4.37%)
ABRDN PHYSICAL PALLADIUM SHS / PALL FAQ
What is the technical rating for PALL stock?
ChartMill assigns a technical rating of 8 / 10 to PALL.
Can you provide the trend direction for ABRDN PHYSICAL PALLADIUM SHS?
The current trend direction for ABRDN PHYSICAL PALLADIUM SHS (PALL) is Bullish.
What is the RSI signal for ABRDN PHYSICAL PALLADIUM SHS (PALL) stock?
ABRDN PHYSICAL PALLADIUM SHS (PALL) has an RSI value of 50.6776. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for ABRDN PHYSICAL PALLADIUM SHS?
ABRDN PHYSICAL PALLADIUM SHS (PALL) has a support level at 154.72 and a resistance level at 159.61. Check the full technical report for our detailed analysis of PALL support and resistance levels.