PALLADYNE AI CORP (PDYN) Stock Technical Analysis
USA - NASDAQ:PDYN - US80359A2050 - Common Stock
Taking everything into account, PDYN scores 2 out of 10 in our technical rating. Although PDYN is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The technical rating of PDYN is bad and it also does not present a quality setup 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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6.68
When analyzing the support we notice one important area.
- A support zone ranging from 6.75 to 6.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 7.48 to 7.52. 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 7.89 to 7.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @8.58 from a trend line in the weekly time frame.
- Resistance @9.57 from a trend 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 | NEUTRAL | NEUTRAL | The long term trend for PDYN is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PDYN is down. |
| ChartMill Relative Strength | 97.56 | POSITIVE | PDYN has a high relative strength, it outperformed 97.56% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PDYN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PDYN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PDYN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 37.92 | NEUTRAL | The RSI value for PDYN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests PDYN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 16.44 | OVERSOLD | The low Stochastics value suggests PDYN may be oversold. |
| Average True Range in percent/ATR (20) | 9.85 | HIGH VOLATILITY | The high ATR as a percentage value for PDYN suggests high volalility. |
| Average Directional Index/ADX (14) | 20.06 | NEUTRAL | The ADX value for PDYN suggests a possible start of a new trend. |
6.93
-0.03 (-0.43%)
PALLADYNE AI CORP / PDYN FAQ
What is the ChartMill technical rating of PALLADYNE AI CORP (PDYN) stock?
ChartMill assigns a technical rating of 2 / 10 to PDYN.
What is the current trend direction of PALLADYNE AI CORP (PDYN) stock?
The current trend direction for PALLADYNE AI CORP (PDYN) is Bearish.
Can you provide the RSI signal for PALLADYNE AI CORP?
PALLADYNE AI CORP (PDYN) has an RSI value of 37.9189. This indicates that the stock is currently neutral.
What is the MACD signal for PALLADYNE AI CORP (PDYN) stock?
The MACD indicator for PALLADYNE AI CORP (PDYN) has a value of -0.16954, indicating a bearish trend.