USA - NASDAQ:PALT - US69764K1060 - Common Stock
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.
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.
2.01
When analyzing the resistance we notice 3 important areas.
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%)