PALLADYNE AI CORP (PDYN) Stock Technical Analysis
NASDAQ:PDYN • US80359A2050
Taking everything into account, PDYN scores 5 out of 10 in our technical rating. In the past year, PDYN was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
- In the last month PDYN has a been trading in the 6.01 - 9.57 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been consolidating recently, but much resistance may still be present above.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- PDYN has an average volume of 3814500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, PDYN outperforms 60% of them, which is more or less in line with the market.
- PDYN is part of the Machinery industry. There are 130 other stocks in this industry, PDYN did better than 40% of them.
- 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.
PDYN has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 7.17. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 6.15, a Stop Loss order could be placed below this zone.
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4.78
When analyzing the support we can see 2 important areas.
- A support zone ranging from 6.08 to 6.15. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @4.83 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 7.17 to 7.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @7.48 from a trend line in the daily time frame.
- Resistance @7.81 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 | 60.36 | NEUTRAL | PDYN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of PDYN is above a declining 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 | MIXED | The current price of PDYN is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.32 | NEUTRAL | The RSI value for PDYN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests PDYN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 38.5 | NEUTRAL | The Stochastics value for PDYN is a neutral value. |
| Average True Range in percent/ATR (20) | 12.48 | HIGH VOLATILITY | The high ATR as a percentage value for PDYN suggests high volalility. |
| Average Directional Index/ADX (14) | 25.31 | POSITIVE | The high ADX value value for PDYN suggests a strong trend. |
6.87
-0.31 (-4.32%)
PALLADYNE AI CORP / PDYN FAQ
What is the ChartMill technical rating of PALLADYNE AI CORP (PDYN) stock?
ChartMill assigns a technical rating of 5 / 10 to PDYN.
What is the trend direction for 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 52.3212. This indicates that the stock is currently neutral.
What is the short term momentum for PDYN stock?
The short term momentum for PALLADYNE AI CORP (PDYN) is positive.