PALTALK INC (PALT) Technical Analysis
NASDAQ:PALT • US69764K1060
Current stock price
2.03 USD
-0.02 (-0.98%)
At close:
2.3 USD
+0.27 (+13.3%)
After Hours:
PALT Technical Rating and Analysis
We assign a technical rating of 2 out of 10 to PALT. Recently some decent action could be observed, but in the medium term time frame this is still negative. PALT was also a bad performer in the overall market in the last year.
- When comparing the yearly performance of all stocks, PALT is a bad performer in the overall market: 89% of all stocks are doing better.
- PALT is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so PALT is lagging the market.
- In the last month PALT has a been trading in the 1.52 - 2.24 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
- PALT is part of the Interactive Media & Services industry. There are 69 other stocks in this industry, PALT did better than 41% of them.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
PALT Weekly and Daily overview Charts
PALT Setup Rating and Analysis
PALT has a bad technical rating, but it does show a decent setup pattern. 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. Another positive sign is the recent Pocket Pivot signal.
- 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
PALT Support and Resistance Analysis
2.01
5.02
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.
PALT 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 | 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. |
PALT Chart- and CandleStick Pattern Analysis
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
PALT Technicals: Chart, Performance Metrics, Trend & Indicators
2.03
-0.02 (-0.98%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryInteractive Media & Services
Performance
% Chg-0.98%
1 Week16.67%
2 Weeks19.41%
1 Month6.28%
3 Month-36.36%
6 Month-50.49%
12 Month-14.35%
2 Year-51.67%
3 Year-23.11%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.19
ATR(20)%7.84%
ATR Inc21.94%
Range Today0.24
ADR(20)0.15
ADR(20)%7.51%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS11.65
3 months CRSN/A
6 months CRSN/A
Mansfield-4.53
10 Day High2.24
10 Day Low1.52
20 Day High2.24
20 Day Low1.52
52 Week High5.5
52 Week Low1.52
CS1 EndN/A
CR1 Start2.08
Volume & EV
DER(3)18.08%
DER(5)7.67%
Volume295.60K
Volume Incr308.41%
Vol(5)155.32K
Vol(50)52.53K
PALTALK INC / PALT TA FAQ
What is the technical rating for PALT stock?
ChartMill assigns a technical rating of 2 / 10 to PALT.
What is the current trend direction of PALTALK INC (PALT) stock?
The current trend direction for PALTALK INC (PALT) is Bearish.
Can you provide the RSI signal for PALTALK INC?
PALTALK INC (PALT) has an RSI value of 55.7148. This indicates that the stock is currently neutral.
What is the MACD signal for PALTALK INC (PALT) stock?
The MACD indicator for PALTALK INC (PALT) has a value of 0.0436675, indicating a bearish trend.
What is the short term momentum for PALTALK INC (PALT) stock?
The short term momentum for PALTALK INC (PALT) is positive.