PALTALK INC (PALT) Stock Technical Analysis
USA - NASDAQ:PALT - US69764K1060 - Common Stock
Taking everything into account, PALT scores 2 out of 10 in our technical rating. In the past year, PALT was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
Although the technical rating is bad, PALT does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. We notice that large players showed an interest for PALT in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
2.01
We can see 3 important resistance areas.
- Resistance @2.08 from a trend line in the daily time frame.
- A resistance zone ranging from 2.15 to 2.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @4.97 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 | DOWN | NEGATIVE | The long term trend for PALT is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PALT is up. |
| ChartMill Relative Strength | 11.65 | NEGATIVE | PALT has a low relative strength, it was outperformed by 88.35% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PALT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of PALT is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PALT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.71 | NEUTRAL | The RSI value for PALT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests PALT has a positive trend. |
| Stochastics (14,3) | 69.91 | NEUTRAL | The Stochastics value for PALT is a neutral value. |
| Average True Range in percent/ATR (20) | 7.84 | HIGH VOLATILITY | The high ATR as a percentage value for PALT suggests high volalility. |
| Average Directional Index/ADX (14) | 22.78 | NEUTRAL | The ADX value for PALT suggests a possible start of a new trend. |
2.03
-0.02 (-0.98%)
PALTALK INC / PALT FAQ
What is the technical rating for PALT stock?
ChartMill assigns a technical rating of 2 / 10 to PALT.
Can you provide the trend direction for PALTALK INC?
The current trend direction for PALTALK INC (PALT) is Bearish.
What is the RSI signal for PALTALK INC (PALT) stock?
PALTALK INC (PALT) has an RSI value of 55.7148. This indicates that the stock is currently neutral.
Can you provide the MACD signal for PALTALK INC?
The MACD indicator for PALTALK INC (PALT) has a value of 0.0436675, indicating a bearish trend.
Can you provide the short term momentum for PALTALK INC?
The short term momentum for PALTALK INC (PALT) is positive.