PANGAEA LOGISTICS SOLUTIONS (PANL) Stock Technical Analysis
NASDAQ:PANL - Nasdaq - BMG6891L1054 - Common Stock - Currency: USD
Overall PANL gets a technical rating of 2 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. PANL was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, PANL is a bad performer in the overall market: 86% of all stocks are doing better.
PANL 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 PANL is lagging the market.
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.
PANL is part of the Marine Transportation industry. There are 32 other stocks in this industry, PANL did better than 61% of them.
In the last month PANL has a been trading in the 3.94 - 5.01 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
The technical rating of PANL is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
3.94
5.70
We found 1 important support area.
- A support zone ranging from 3.98 to 4.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 6 important areas.
- A resistance zone ranging from 4.44 to 4.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @4.74 from a trend line in the weekly time frame.
- A resistance zone ranging from 4.90 to 4.93. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @5.12 from a trend line in the weekly time frame.
- Resistance @5.47 from a trend line in the daily time frame.
- Resistance @5.64 from a horizontal line in the daily 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 PANL is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PANL is up. |
| ChartMill Relative Strength | 14.08 | NEGATIVE | PANL has a low relative strength, it was outperformed by 85.92% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PANL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PANL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PANL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.51 | NEUTRAL | The RSI value for PANL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests PANL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 71.91 | NEUTRAL | The Stochastics value for PANL is a neutral value. |
| Average True Range in percent/ATR (20) | 4.44 | MEDIUM VOLATILITY | The ATR as a percentage value for PANL suggests some volalility. |
| Average Directional Index/ADX (14) | 25.28 | POSITIVE | The high ADX value value for PANL suggests a strong 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)
4.43
-0.29 (-6.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMarine Transportation
Performance
% Chg-6.14%
1 Week4.24%
2 Weeks8.85%
1 Month3.5%
3 Month-14.81%
6 Month-24.53%
12 Month-43.49%
2 Year-22.82%
3 Year-33.98%
5 Year112.98%
10 Year30.29%
15 YearN/A
Volatility
ATR(14)0.23
ATR(20)%4.44%
ATR Inc66.26%
Range Today0.32
ADR(20)0.19
ADR(20)%4.18%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS14.08
Mansfield-2.72
10 Day High5.01
10 Day Low4
20 Day High5.01
20 Day Low3.94
52 Week High8.32
52 Week Low3.93
CS1 End4
CR1 Start4.44
Volume & EV
DER(3)-5.18%
DER(5)-4.67%
Volume359.30K
Volume Incr147.02%
Vol(5)580.44K
Vol(50)307.09K