PALTALK INC (PALT) Stock Technical Analysis
USA - NASDAQ:PALT - US69764K1060 - Common Stock
2.03 USD
-0.02 (-0.98%)
2.3 USD
+0.27 (+13.3%)
Taking everything into account, PALT scores 2 out of 10 in our technical rating. 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.
89% of all other stocks performed better in the past year than PALT.
PALT is one of the lesser performing stocks in the Interactive Media & Services industry. 70% of 69 stocks in the same industry do better.
PALT is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
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.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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
5.02
When analyzing the resistance we notice 3 important 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. |
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)
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
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