PALLADYNE AI CORP (PDYN) Stock Technical Analysis
NASDAQ:PDYN - US80359A2050 - Common Stock
7.56 USD
-0.11 (-1.43%)
7.56 USD
0 (0%)
We assign a technical rating of 2 out of 10 to PDYN. 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.
In the last month PDYN has a been trading in the 6.85 - 8.99 range, which is quite wide. It is currently trading near the lows of this range.
PDYN is part of the Machinery industry. There are 128 other stocks in this industry. PDYN outperforms 96% of them.
PDYN has an average volume of 2605970 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
Looking at the yearly performance, PDYN did better than 98% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
PDYN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PDYN is lagging the market.
Considerably lower volume is observed in the last couple of days.
PDYN has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 7.43, a Stop Loss order could be placed below this zone.
More info and screens
7.06
12.67
We found 2 important support areas.
- A support zone ranging from 7.37 to 7.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 7.13 to 7.24. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 7.66 to 7.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 7.88 to 7.89. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @12.54 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 | 98.37 | POSITIVE | PDYN has a high relative strength, it outperformed 98.37% 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) | UP | POSITIVE | The current price of PDYN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 44 | NEUTRAL | The RSI value for PDYN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests PDYN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 65.09 | NEUTRAL | The Stochastics value for PDYN is a neutral value. |
| Average True Range in percent/ATR (20) | 6.68 | HIGH VOLATILITY | The high ATR as a percentage value for PDYN suggests high volalility. |
| Average Directional Index/ADX (14) | 13.51 | NEGATIVE | The low ADX value for PDYN suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
7.56
-0.11 (-1.43%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg-1.43%
1 Week-1.43%
2 Weeks1.61%
1 Month-4.55%
3 Month-3.94%
6 Month18.59%
12 Month347.34%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.42
ATR(20)%6.68%
ATR Inc-22.4%
Range Today0.37
ADR(20)0.46
ADR(20)%6.11%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.37
Mansfield0.89
10 Day High8.12
10 Day Low6.85
20 Day High8.99
20 Day Low6.85
52 Week High14.95
52 Week Low1.38
CS1 End7.43
CR1 Start7.66
Volume & EV
DER(3)-5.61%
DER(5)-2.7%
Volume970.70K
Volume Incr-42.97%
Vol(5)1.16M
Vol(50)2.61M