PDEX Technical Analysis - PRO-DEX INC

Technical Rating and Analysis

Overall PDEX gets a technical rating of 1 out of 10. PDEX'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.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

75% of all other stocks performed better in the past year than PDEX.

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 an average performer in the Health Care Equipment & Supplies industry, it outperforms 55% of 191 stocks in the same industry.

In the last month PDEX has a been trading in the 31.71 - 35.75 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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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 bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 33.06, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

32.15

40.65

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.

We can see 4 important resistance areas.

A resistance zone ranging from 33.85 to 34.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @34.75 from a horizontal line in the daily time frame.
A resistance zone ranging from 38.88 to 39.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @40.25 from a trend 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	25.85	NEGATIVE	PDEX has a low relative strength, it was outperformed by 74.15% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of PDEX is below the rising 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)	39.59	NEUTRAL	The RSI value for PDEX is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.41	POSITIVE	The MACD value suggests PDEX has a positive trend, although the MACD value is declining.
Stochastics (14,3)	57.82	NEUTRAL	The Stochastics value for PDEX is a neutral value.
Average True Range in percent/ATR (20)	4.55	MEDIUM VOLATILITY	The ATR as a percentage value for PDEX suggests some volalility.
Average Directional Index/ADX (14)	26.34	POSITIVE	The high ADX value value for PDEX suggests a strong trend.