PANGAEA LOGISTICS SOLUTIONS (PANL) Stock Technical Analysis
NASDAQ:PANL - Nasdaq - BMG6891L1054 - Common Stock - Currency: USD
Overall PANL gets a technical rating of 6 out of 10. PANL has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
PANL has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 5.23. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 4.91, a Stop Loss order could be placed below this zone.
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4.64
When analyzing the support we can see 2 important areas.
- A support zone ranging from 4.80 to 4.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @4.69 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 5.23 to 5.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @5.36 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 | NEUTRAL | NEUTRAL | The long term trend for PANL is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PANL is up. |
| ChartMill Relative Strength | 18.86 | NEGATIVE | PANL has a low relative strength, it was outperformed by 81.14% 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) | UP | POSITIVE | The current price of PANL is above the rising 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) | 64.44 | NEUTRAL | The RSI value for PANL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests PANL has a positive trend. |
| Stochastics (14,3) | 84.75 | OVERBOUGHT | The high Stochastics value suggests PANL may be overbought. |
| Average True Range in percent/ATR (20) | 3.61 | MEDIUM VOLATILITY | The ATR as a percentage value for PANL suggests some volalility. |
| Average Directional Index/ADX (14) | 23.34 | NEUTRAL | The ADX value for PANL suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 5.24 | 4.57 | 0.67 (12.79%) | 7.82% |
| An entry @5.24. This is a Buy Stop order right above the resistance zone. | An exit @4.57. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.67 points, which is 12.79%. | For a 1.00% total portfolio risk, you can invest 7.82% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
5.22
+0.05 (+0.97%)