NYSEARCA:PAVE - NYSE Arca - US37954Y6730 - ETF - Currency: USD
We assign a technical rating of 8 out of 10 to PAVE. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, PAVE is only an average performer.
PAVE has an excellent technical rating, but the quality of the setup is only medium 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.
34.70
2 important support areas can be observed.
When analyzing the resistance we notice one important area.
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 | UP | POSITIVE | The long term trend for PAVE is up. |
ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PAVE is up. |
ChartMill Relative Strength | 70.26 | POSITIVE | PAVE has a high relative strength, it outperformed 70.26% off all stocks on the market. |
Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PAVE is above the rising SMA(20). |
Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PAVE is above the rising SMA(50). |
Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PAVE is above the rising SMA(200). |
Relative Strength Index/RSI (14) | 60.96 | NEUTRAL | The RSI value for PAVE is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests PAVE has a negative trend. |
Stochastics (14,3) | 74.79 | NEUTRAL | The Stochastics value for PAVE is a neutral value. |
Average True Range in percent/ATR (20) | 1.75 | LOW VOLATILITY | The low ATR as a percentage value for PAVE suggests low volalility. |
Average Directional Index/ADX (14) | 27.32 | POSITIVE | The high ADX value value for PAVE suggests a strong 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 |
---|---|---|---|
42.35 | 40.82 | 1.53 (3.61%) | 25.00% |
An entry @42.35. This is a Buy Stop order right above the resistance zone. | An exit @40.82. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.53 points, which is 3.61%. | For a 0.90% total portfolio risk, you can invest 25.00% of your capital in this trade. |
41.61
-0.48 (-1.14%)