PENDRAGON PLC (PDG.L) Technical Analysis
LON:PDG • GB00B1JQBT10
Current stock price
PDG.L Technical Rating and Analysis
Taking everything into account, PDG scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, PDG 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.
- When comparing the yearly performance of all stocks, we notice that PDG is one of the better performing stocks in the market, outperforming 97% of all stocks.
- PDG is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month PDG has a been trading in the 33.33 - 36.40 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
PDG.L Weekly and Daily overview Charts
PDG.L Setup Rating and Analysis
PDG has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price.
More info and screens
PDG.L Support and Resistance Analysis
22.10
We found 5 important support areas.
- A support zone ranging from 32.83 to 33.43. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 31.70 to 31.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @30.84 from a horizontal line in the daily time frame.
- Support @23.24 from a trend line in the weekly time frame.
- Support @22.32 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @36.31 from a horizontal line in the daily time frame.
PDG.L 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 | UP | POSITIVE | The long term trend for PDG.L is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PDG.L is up. |
| ChartMill Relative Strength | 97.28 | POSITIVE | PDG.L has a high relative strength, it outperformed 97.28% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PDG.L is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PDG.L is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PDG.L is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.66 | NEUTRAL | The RSI value for PDG.L is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests PDG.L has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 54.89 | NEUTRAL | The Stochastics value for PDG.L is a neutral value. |
| Average True Range in percent/ATR (20) | 2.3 | MEDIUM VOLATILITY | The ATR as a percentage value for PDG.L suggests some volalility. |
| Average Directional Index/ADX (14) | 37.03 | POSITIVE | The high ADX value value for PDG.L suggests a strong trend. |
PDG.L Chart- and CandleStick Pattern Analysis
PDG.L Example Setup
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 |
|---|---|---|---|
| 36.32 | 34.34 | 1.98 (5.45%) | 18.34% |
| An entry @36.32. This is a Buy Stop order right above the resistance zone. | An exit @34.34. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.98 points, which is 5.45%. | When investing 18.34% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
PDG.L Technicals: Chart, Performance Metrics, Trend & Indicators
LON:PDG (2/13/2024, 5:28:05 PM)
35.4
+0.05 (+0.14%)
PENDRAGON PLC / PDG.L TA FAQ
What is the technical rating for PDG stock?
ChartMill assigns a technical rating of 10 / 10 to PDG.L.
What is the current trend direction of PENDRAGON PLC (PDG.L) stock?
The current trend direction for PENDRAGON PLC (PDG.L) is Bullish.
Can you provide the RSI signal for PENDRAGON PLC?
PENDRAGON PLC (PDG.L) has an RSI value of 57.6627. This indicates that the stock is currently neutral.
What is the MACD signal for PDG stock?
The MACD indicator for PENDRAGON PLC (PDG.L) has a value of -0.0686756, indicating a bearish trend.
What is the buy/sell signal for PENDRAGON PLC (PDG.L) stock?
The buy/sell signal for PENDRAGON PLC (PDG.L) is buy as both the short term and long term trends are positive.