PIERIDAE ENERGY LTD (PEA.CA) Stock Technical Analysis
TSX:PEA - Toronto Stock Exchange - CA7207861021 - Common Stock - Currency: CAD
We assign a technical rating of 7 out of 10 to PEA. Although PEA is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
PEA has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 0.37. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 0.35, a Stop Loss order could be placed below this zone.
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0.31
When analyzing the support we can see 3 important areas.
- A support zone ranging from 0.35 to 0.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.33 from a trend line in the daily time frame.
- Support @0.31 from a trend line in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 0.37 to 0.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.38 from a horizontal 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 | UP | POSITIVE | The long term trend for PEA.CA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PEA.CA is neutral. |
| ChartMill Relative Strength | 64.06 | NEUTRAL | PEA.CA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of PEA.CA is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PEA.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PEA.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.41 | NEUTRAL | The RSI value for PEA.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests PEA.CA has a negative trend. |
| Stochastics (14,3) | 50 | NEUTRAL | The Stochastics value for PEA.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.26 | MEDIUM VOLATILITY | The ATR as a percentage value for PEA.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 20.46 | NEUTRAL | The ADX value for PEA.CA suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 0.38 | 0.34 | 0.04 (9.81%) | 10.19% |
| An entry @0.38. This is a Buy Stop order right above the 10 day moving average. | An exit @0.34. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.04 points, which is 9.81%. | When investing 10.19% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
TSX:PEA (6/17/2025, 7:00:00 PM)
0.36
-0.01 (-2.7%)