PRECISION DRILLING CORP (PDS) Stock Technical Analysis
USA - NYSE:PDS - CA74022D4075 - Common Stock
Taking everything into account, PDS scores 6 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, PDS is only an average performer.
PDS has only a medium 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 58.29, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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.
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52.79
2 important support areas can be observed.
- A support zone ranging from 56.31 to 58.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 53.32 to 53.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 58.55 to 58.67. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 59.92 to 60.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 PDS is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PDS is neutral. |
| ChartMill Relative Strength | 48.8 | NEUTRAL | PDS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PDS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PDS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of PDS is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.33 | NEUTRAL | The RSI value for PDS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests PDS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 37.09 | NEUTRAL | The Stochastics value for PDS is a neutral value. |
| Average True Range in percent/ATR (20) | 3.36 | MEDIUM VOLATILITY | The ATR as a percentage value for PDS suggests some volalility. |
| Average Directional Index/ADX (14) | 15.17 | NEGATIVE | The low ADX value for PDS suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 58.68 | 56.30 | 2.38 (4.06%) | 24.66% |
| An entry @58.68. This is a Buy Stop order right above the resistance zone. | An exit @56.30. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.38 points, which is 4.06%. | When investing 24.66% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of PDS. Please evaluate whether better entry and exit points can be found.
- 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.
58.55
+1.64 (+2.88%)
PRECISION DRILLING CORP / PDS FAQ
Can you provide the ChartMill technical rating for PRECISION DRILLING CORP?
ChartMill assigns a technical rating of 6 / 10 to PDS.
What is the current trend direction of PRECISION DRILLING CORP (PDS) stock?
The current trend direction for PRECISION DRILLING CORP (PDS) is Bullish.
What is the RSI signal for PDS stock?
PRECISION DRILLING CORP (PDS) has an RSI value of 52.3257. This indicates that the stock is currently neutral.
What is the MACD signal for PRECISION DRILLING CORP (PDS) stock?
The MACD indicator for PRECISION DRILLING CORP (PDS) has a value of -0.0919454, indicating a bearish trend.
Can you provide the support and resistance levels for PRECISION DRILLING CORP?
PRECISION DRILLING CORP (PDS) has a support level at 58.29 and a resistance level at 58.55. Check the full technical report for our detailed analysis of PDS support and resistance levels.