PALLADYNE AI CORP (PDYN) Stock Technical Analysis
NASDAQ:PDYN - Nasdaq - US80359A2050 - Common Stock - Currency: USD
Taking everything into account, PDYN scores 8 out of 10 in our technical rating. PDYN has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
Both the short term and long term trends are positive. This is a very positive sign.
PDYN is part of the Machinery industry. There are 128 other stocks in this industry. PDYN outperforms 97% of them.
In the last month PDYN has a been trading in the 5.62 - 8.74 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 1306040 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that PDYN is one of the better performing stocks in the market, outperforming 98% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
PDYN is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so PDYN is lagging the market slightly.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Besides having an excellent technical rating, PDYN also presents a decent setup pattern. Prices have been consolidating lately.
More info and screens
5.51
7.96
When analyzing the support we can see 3 important areas.
- Support @6.22 from a trend line in the daily time frame.
- Support @5.88 from a trend line in the daily time frame.
- Support @5.57 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 7.88 to 7.88. 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 PDYN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PDYN is up. |
| ChartMill Relative Strength | 98.91 | POSITIVE | PDYN has a high relative strength, it outperformed 98.91% 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) | UP | POSITIVE | The current price of PDYN is above the rising 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) | 63.08 | NEUTRAL | The RSI value for PDYN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests PDYN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 67.22 | NEUTRAL | The Stochastics value for PDYN is a neutral value. |
| Average True Range in percent/ATR (20) | 9.63 | HIGH VOLATILITY | The high ATR as a percentage value for PDYN suggests high volalility. |
| Average Directional Index/ADX (14) | 22 | 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)
7.87
+0.15 (+1.94%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg1.94%
1 Week10.38%
2 Weeks28.59%
1 Month27.76%
3 Month23.45%
6 Month21.83%
12 Month303.59%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.86
ATR(20)%9.63%
ATR Inc46.26%
Range Today1.07
ADR(20)0.72
ADR(20)%9.11%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.91
Mansfield6.48
10 Day High8.74
10 Day Low6.15
20 Day High8.74
20 Day Low5.62
52 Week High14.95
52 Week Low1.38
CS1 End6.22
CR1 Start7.88
Volume & EV
DER(3)-5.14%
DER(5)-4.02%
Volume3.36M
Volume Incr78.19%
Vol(5)2.61M
Vol(50)1.31M