PDEX Technical Analysis - PRO-DEX INC

Technical Rating and Analysis

Taking everything into account, PDEX scores 1 out of 10 in our technical rating. PDEX has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

PDEX 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.

PDEX is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.

When comparing the performance of all stocks over the past year, PDEX turns out to be only a medium performer in the overall market: it outperformed 53% of all stocks.

PDEX is an average performer in the Health Care Equipment & Supplies industry, it outperforms 67% of 191 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

Setup Rating and Analysis

PDEX has a poor technical rating and the quality of the setup is also not perfect 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

32.15

48.23

When analyzing the support we notice one important area.

A support zone ranging from 32.47 to 33.06. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 3 important areas.

A resistance zone ranging from 34.37 to 34.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 43.76 to 44.00. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Resistance @47.75 from a horizontal line in the daily time frame.

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What is Support and Resistance

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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	DOWN	NEGATIVE	The long term trend for PDEX is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for PDEX is down.
ChartMill Relative Strength	53.37	NEUTRAL	PDEX is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of PDEX is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of PDEX is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of PDEX is below a declining SMA(200).
Relative Strength Index/RSI (14)	36.37	NEUTRAL	The RSI value for PDEX is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.52	NEGATIVE	The MACD value suggests PDEX has a negative trend, although the MACD value is rising.
Stochastics (14,3)	13.8	OVERSOLD	The low Stochastics value suggests PDEX may be oversold.
Average True Range in percent/ATR (20)	6.4	HIGH VOLATILITY	The high ATR as a percentage value for PDEX suggests high volalility.
Average Directional Index/ADX (14)	30.17	POSITIVE	The high ADX value value for PDEX suggests a strong trend.