PAVS Technical Analysis - PARANOVUS ENTERTAINMENT TECH

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to PAVS. PAVS's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

93% of all other stocks performed better in the past year than PAVS.

PAVS is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

In the last month PAVS has a been trading in the 0.46 - 1.24 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.

The long term trend is neutral, but the short term trend is negative. Better to stay away from this!

PAVS is an average performer in the Personal Care Products industry, it outperforms 43% of 33 stocks in the same industry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

PARANOVUS ENTERTAINMENT TECH / PAVS Weekly stock chart

PARANOVUS ENTERTAINMENT TECH / PAVS Daily stock chart

Setup Rating and Analysis

The technical rating of PAVS 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.57

1.39

3 important resistance areas can be observed.

A resistance zone ranging from 0.82 to 0.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @1.13 from a trend line in the daily time frame.
Resistance @1.38 from a horizontal line in the daily time frame.

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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 PAVS is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for PAVS is down.
ChartMill Relative Strength	7.97	NEGATIVE	PAVS has a low relative strength, it was outperformed by 92.03% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of PAVS is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of PAVS is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of PAVS is below a declining SMA(200).
Relative Strength Index/RSI (14)	32.93	NEUTRAL	The RSI value for PAVS is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.06	NEGATIVE	The MACD value suggests PAVS has a negative trend, although the MACD value is rising.
Stochastics (14,3)	14.1	OVERSOLD	The low Stochastics value suggests PAVS may be oversold.
Average True Range in percent/ATR (20)	20.9	HIGH VOLATILITY	The high ATR as a percentage value for PAVS suggests high volalility.
Average Directional Index/ADX (14)	35.93	POSITIVE	The high ADX value value for PAVS suggests a strong trend.