PALLADYNE AI CORP (PDYN) Stock Technical Analysis
USA - NASDAQ:PDYN - US80359A2050 - Common Stock
8.97 USD
-0.23 (-2.5%)
8.99 USD
+0.02 (+0.22%)
Taking everything into account, PDYN scores 6 out of 10 in our technical rating. In the last year, PDYN was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
PDYN is one of the better performing stocks in the Machinery industry, it outperforms 96% of 129 stocks in the same industry.
In the last month PDYN has a been trading in the 6.55 - 9.63 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
PDYN has an average volume of 2435700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
PDYN has an average technical rating and it also does not offer a high 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.
More info and screens
7.04
12.57
When analyzing the support we can see 2 important areas.
- Support @7.89 from a horizontal line in the daily time frame.
- A support zone ranging from 7.11 to 7.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 8.98 to 9.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @9.27 from a horizontal line in the daily time frame.
- Resistance @12.45 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 | UP | POSITIVE | The short term trend for PDYN is up. |
| ChartMill Relative Strength | 98.47 | POSITIVE | PDYN has a high relative strength, it outperformed 98.47% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PDYN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of PDYN is above 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) | 65.71 | NEUTRAL | The RSI value for PDYN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.28 | POSITIVE | The MACD value suggests PDYN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.16 | OVERBOUGHT | The high Stochastics value suggests PDYN may be overbought. |
| Average True Range in percent/ATR (20) | 5.65 | HIGH VOLATILITY | The high ATR as a percentage value for PDYN suggests high volalility. |
| Average Directional Index/ADX (14) | 21.43 | NEUTRAL | The ADX value for PDYN suggests a possible start of a new 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)
8.97
-0.23 (-2.5%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg-2.5%
1 Week16.6%
2 Weeks25.56%
1 Month15.26%
3 Month2.04%
6 Month38.1%
12 Month399.44%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.54
ATR(20)%5.65%
ATR Inc90.33%
Range Today0.96
ADR(20)0.5
ADR(20)%5.6%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.47
Mansfield1.95
10 Day High9.63
10 Day Low7.01
20 Day High9.63
20 Day Low6.55
52 Week High14.95
52 Week Low1.68
CS1 End7.89
CR1 Start8.98
Volume & EV
DER(3)0.83%
DER(5)2.37%
Volume5.11M
Volume Incr192.01%
Vol(5)4.35M
Vol(50)2.44M