PRO-DEX INC (PDEX) Stock Technical Analysis
NASDAQ:PDEX - Nasdaq - US74265M2052 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to PDEX. In the last year, PDEX was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
Looking at the yearly performance, PDEX did better than 93% of all other stocks. We also observe that the gains produced by PDEX over the past year are nicely spread over this period.
PDEX is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 94% of 187 stocks in the same industry.
PDEX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PDEX is lagging the market.
In the last month PDEX has a been trading in the 39.52 - 49.09 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
PDEX 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.
More info and screens
37.39
49.49
When analyzing the support we can see 3 important areas.
- A support zone ranging from 40.27 to 41.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 39.23 to 39.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @37.77 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @47.83 from a horizontal line in the weekly time frame.
- Resistance @49.00 from a horizontal line 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 PDEX is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PDEX is neutral. |
| ChartMill Relative Strength | 93.86 | POSITIVE | PDEX has a high relative strength, it outperformed 93.86% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PDEX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of PDEX is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PDEX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.77 | NEUTRAL | The RSI value for PDEX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.57 | POSITIVE | The MACD value suggests PDEX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 78.98 | NEUTRAL | The Stochastics value for PDEX is a neutral value. |
| Average True Range in percent/ATR (20) | 5.08 | HIGH VOLATILITY | The high ATR as a percentage value for PDEX suggests high volalility. |
| Average Directional Index/ADX (14) | 25.78 | POSITIVE | The high ADX value value for PDEX suggests a strong 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)
45.01
-2.75 (-5.76%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-5.76%
1 Week-5.88%
2 Weeks4.41%
1 Month7.78%
3 Month-28.82%
6 Month-4.17%
12 Month153.29%
2 Year150.06%
3 Year181.14%
5 Year136.77%
10 Year1831.76%
15 Year2611.45%
Volatility
ATR(14)2.34
ATR(20)%5.08%
ATR Inc14.67%
Range Today2.54
ADR(20)2.22
ADR(20)%4.94%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.86
Mansfield0.6
10 Day High49.09
10 Day Low42.39
20 Day High49.09
20 Day Low39.52
52 Week High70.26
52 Week Low17.6
CS1 End41.3
CR1 Start47.83
Volume & EV
DER(3)-6.49%
DER(5)-4.46%
Volume43.50K
Volume Incr0.62%
Vol(5)64.24K
Vol(50)62.04K