PDC ENERGY INC (PDCE) Stock Technical Analysis
NASDAQ:PDCE - Nasdaq - US69327R1014 - Common Stock - Currency: USD
Overall PDCE gets a technical rating of 9 out of 10. Both in the recent history as in the last year, PDCE has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
PDCE is part of the Oil, Gas & Consumable Fuels industry. There are 208 other stocks in this industry. PDCE outperforms 91% of them.
PDCE is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so PDCE is lagging the market slightly.
In the last month PDCE has a been trading in the 70.63 - 76.03 range, which is quite wide. It is currently trading near the high of this range.
PDCE has an average volume of 2066780 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that PDCE is one of the better performing stocks in the market, outperforming 90% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
Volume is considerably higher in the last couple of days.
Besides having an excellent technical rating, PDCE also presents a decent setup pattern. Prices have been consolidating lately. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
58.28
76.65
We found 5 important support areas.
- A support zone ranging from 73.46 to 73.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 68.10 to 69.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @65.62 from a trend line in the daily time frame.
- Support @61.45 from a trend line in the weekly time frame.
- Support @58.87 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 74.08 to 75.89. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The long term trend for PDCE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PDCE is up. |
| ChartMill Relative Strength | 90.93 | POSITIVE | PDCE has a high relative strength, it outperformed 90.93% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PDCE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PDCE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PDCE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.77 | NEUTRAL | The RSI value for PDCE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests PDCE has a negative trend. |
| Stochastics (14,3) | 61.98 | NEUTRAL | The Stochastics value for PDCE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.02 | MEDIUM VOLATILITY | The ATR as a percentage value for PDCE suggests some volalility. |
| Average Directional Index/ADX (14) | 18.98 | NEGATIVE | The low ADX value for PDCE 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)
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 |
|---|---|---|---|
| 75.90 | 73.45 | 2.45 (3.23%) | 25.00% |
| An entry @75.90. This is a Buy Stop order right above the resistance zone. | An exit @73.45. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.45 points, which is 3.23%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.81%. |
- 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.
73.85
-0.2 (-0.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-0.27%
1 Week0.29%
2 Weeks0.41%
1 Month3.29%
3 Month14.69%
6 Month15.84%
12 Month34%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.57
ATR(20)%2.02%
ATR Inc6.32%
Range Today1.9
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.93
Mansfield-0.06
10 Day High76.04
10 Day Low72.55
20 Day High76.04
20 Day Low70.63
52 Week High82.24
52 Week Low51.85
CS1 End73.85
CR1 Start74.08
Volume & EV
DER(3)-4.11%
DER(5)-2.36%
Volume15.50M
Volume Incr271.15%
Vol(5)5.09M
Vol(50)2.07M