PARRO Technical Analysis - PARROT SA

Technical Rating and Analysis

Taking everything into account, PARRO scores 3 out of 10 in our technical rating. Although PARRO is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.

PARRO is part of the Communications Equipment industry. There are 28 other stocks in this industry. PARRO outperforms 100% of them.

The long and short term trends are both neutral. This gives a pretty neutral overall picture!

When comparing the yearly performance of all stocks, we notice that PARRO is one of the better performing stocks in the market, outperforming 98% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.

PARRO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PARRO is lagging the market.

In the last month PARRO has a been trading in the 6.90 - 9.20 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although the technical rating is bad, PARRO does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 8.35. Right above this resistance zone may be a good entry point.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

6.83

8.47

3 important support areas can be observed.

Support @7.45 from a horizontal line in the weekly time frame.
Support @7.23 from a trend line in the daily time frame.
A support zone ranging from 6.90 to 7.01. This zone is formed by a combination of multiple trend lines in the daily time frame.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 8.35 to 8.39. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

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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	NEUTRAL	NEUTRAL	The long term trend for PARRO.PA is neutral.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for PARRO.PA is neutral.
ChartMill Relative Strength	98.71	POSITIVE	PARRO.PA has a high relative strength, it outperformed 98.71% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of PARRO.PA is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of PARRO.PA is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of PARRO.PA is above the rising SMA(200).
Relative Strength Index/RSI (14)	42.64	NEUTRAL	The RSI value for PARRO.PA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.08	POSITIVE	The MACD value suggests PARRO.PA has a positive trend, although the MACD value is declining.
Stochastics (14,3)	59.15	NEUTRAL	The Stochastics value for PARRO.PA is a neutral value.
Average True Range in percent/ATR (20)	6.56	HIGH VOLATILITY	The high ATR as a percentage value for PARRO.PA suggests high volalility.
Average Directional Index/ADX (14)	13.53	NEGATIVE	The low ADX value for PARRO.PA suggests a weak or negative trend.