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PIERIDAE ENERGY LTD (PEA.CA) Stock Technical Analysis

TSX:PEA - Toronto Stock Exchange - CA7207861021 - Common Stock - Currency: CAD

0.38  0 (0%)

Technical Rating and Analysis

8

We assign a technical rating of 8 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.

Both the short term and long term trends are positive. This is a very positive sign.
PEA is part of the Oil, Gas & Consumable Fuels industry. There are 207 other stocks in this industry. PEA outperforms 90% of them.
When comparing the yearly performance of all stocks, we notice that PEA is one of the better performing stocks in the market, outperforming 78% of all stocks. However, this relatively good performance is mostly due to a recent big move.
PEA 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 PEA is lagging the market slightly.
In the last month PEA has a been trading in the 0.32 - 0.53 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Weekly and Daily overview Charts
PIERIDAE ENERGY LTD / PEA Weekly stock chart
PIERIDAE ENERGY LTD / PEA Daily stock chart
Setup Rating and Analysis

6

Besides having an excellent technical rating, PEA also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. Very recently a Pocket Pivot signal was observed. This is another positive sign.

  • A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
Support and Resistance Analysis

0.32

0.38

When analyzing the support we can see 2 important areas.

  • Support @0.35 from a trend line in the daily time frame.
  • A support zone ranging from 0.32 to 0.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

Technical Indicator Signal Analysis

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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorUPPOSITIVEThe long term trend for PEA.CA is up.
ChartMill Short Term Trend IndicatorUPPOSITIVEThe short term trend for PEA.CA is up.
ChartMill Relative Strength78.58POSITIVEPEA.CA has a high relative strength, it outperformed 78.58% off all stocks on the market.
Simple Moving Average/SMA (20)UPPOSITIVEThe current price of PEA.CA is above the rising SMA(20).
Simple Moving Average/SMA (50)UPPOSITIVEThe current price of PEA.CA is above the rising SMA(50).
Simple Moving Average/SMA (200)UPPOSITIVEThe current price of PEA.CA is above the rising SMA(200).
Relative Strength Index/RSI (14)56.53NEUTRALThe RSI value for PEA.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)0POSITIVEThe MACD value suggests PEA.CA has a positive trend, although the MACD value is declining.
Stochastics (14,3)34.11NEUTRALThe Stochastics value for PEA.CA is a neutral value.
Average True Range in percent/ATR (20)7.96HIGH VOLATILITYThe high ATR as a percentage value for PEA.CA suggests high volalility.
Average Directional Index/ADX (14)28.08POSITIVEThe high ADX value value for PEA.CA suggests a strong trend.
Chart- and CandleStick Pattern Analysis
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)
Example Setup

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.

ENTRYEXITDISTANCECAPITAL
0.540.340.20 (37.04%)2.70%
An entry @0.54. This is a Buy Stop order right above the 10 day high.An exit @0.34. This is a Stop Loss order right below the support zone.The worst case loss on the trade is limited to 0.20 points, which is 37.04%.When investing 2.70% 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.
PIERIDAE ENERGY LTD / PEA Daily stock chart

PIERIDAE ENERGY LTD

TSX:PEA (5/23/2025, 7:00:00 PM)

0.38

0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0%
1 Week-3.8%
2 Weeks13.43%
1 Month13.43%
3 Month46.15%
6 Month72.73%
12 Month-15.56%
2 Year-25.49%
3 Year-74.67%
5 Year26.67%
10 Year-90.69%
15 Year-96.14%
Volatility
ATR(14)0.04
ATR(20)%7.96%
ATR Inc-47.17%
Range Today0.02
ADR(20)0.03
ADR(20)%7.3%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS78.58
Mansfield2.45
10 Day High0.53
10 Day Low0.32
20 Day High0.53
20 Day Low0.32
52 Week High0.53
52 Week Low0.21
CS1 End0.35
CR1 StartN/A
Volume & EV
DER(3)0.15%
DER(5)0.11%
Volume8.65K
Volume Incr0.56%
Vol(5)48.48K
Vol(50)73.79K