PAYONEER GLOBAL INC (PAYO) Stock Technical Analysis
NASDAQ:PAYO - US70451X1046 - Common Stock
6.79 USD
+0.03 (+0.44%)
6.9 USD
+0.11 (+1.62%)
Overall PAYO gets a technical rating of 3 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. PAYO was also a bad performer in the overall market in the last year.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, PAYO is a bad performer in the overall market: 78% of all stocks are doing better.
PAYO is one of the lesser performing stocks in the Financial Services industry. 73% of 100 stocks in the same industry do better.
PAYO is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month PAYO has a been trading in the 6.21 - 7.67 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
PAYO has an average volume of 3108950 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although the technical rating is bad, PAYO does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. We notice that large players showed an interest for PAYO in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
6.09
7.53
We found 3 important support areas.
- A support zone ranging from 6.73 to 6.76. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 6.37 to 6.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 6.15 to 6.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 6.79 to 6.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 6.99 to 7.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 7.35 to 7.46. This zone is formed by a combination of multiple trend lines 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 PAYO is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PAYO is neutral. |
| ChartMill Relative Strength | 22.16 | NEGATIVE | PAYO has a low relative strength, it was outperformed by 77.84% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PAYO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PAYO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PAYO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.84 | NEUTRAL | The RSI value for PAYO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests PAYO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 30.13 | NEUTRAL | The Stochastics value for PAYO is a neutral value. |
| Average True Range in percent/ATR (20) | 4.35 | MEDIUM VOLATILITY | The ATR as a percentage value for PAYO suggests some volalility. |
| Average Directional Index/ADX (14) | 13.4 | NEGATIVE | The low ADX value for PAYO suggests a weak or negative 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)
6.79
+0.03 (+0.44%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryFinancial Services
Performance
% Chg0.44%
1 Week2.11%
2 Weeks-0.29%
1 Month1.95%
3 Month-0.29%
6 Month-20.58%
12 Month-8.61%
2 Year9.69%
3 Year2.57%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.22
ATR(20)%4.35%
ATR Inc-63.09%
Range Today0.12
ADR(20)0.25
ADR(20)%3.68%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS22.16
Mansfield-2.4
10 Day High7.05
10 Day Low6.54
20 Day High7.67
20 Day Low6.21
52 Week High11.29
52 Week Low5.71
CS1 End6.76
CR1 Start6.79
Volume & EV
DER(3)5.54%
DER(5)4.33%
Volume2.77M
Volume Incr-17.43%
Vol(5)3.11M
Vol(50)3.11M