PEDEVCO CORP (PED) Stock Technical Analysis
NYSEARCA:PED - NYSE Arca - US70532Y3036 - Common Stock - Currency: USD
Overall PED gets a technical rating of 3 out of 10. In the past year, PED was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
87% of all other stocks performed better in the past year than PED.
PED is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 75% of 213 stocks in the same industry do better.
PED is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month PED has a been trading in the 0.55 - 0.69 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
PED has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 0.65. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 0.65, a Stop Loss order could be placed below this zone.
More info and screens
0.54
1.04
2 important support areas can be observed.
- A support zone ranging from 0.64 to 0.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.55 from a trend line in the daily time frame.
We can see 6 important resistance areas.
- A resistance zone ranging from 0.65 to 0.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @0.69 from a horizontal line in the daily time frame.
- Resistance @0.75 from a trend line in the weekly time frame.
- Resistance @0.86 from a trend line in the daily time frame.
- Resistance @1.00 from a trend line in the weekly time frame.
- Resistance @1.03 from a horizontal line in the weekly 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 | DOWN | NEGATIVE | The long term trend for PED is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PED is up. |
| ChartMill Relative Strength | 13.84 | NEGATIVE | PED has a low relative strength, it was outperformed by 86.16% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PED is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of PED is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PED is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.3 | NEUTRAL | The RSI value for PED is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests PED has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 65.4 | NEUTRAL | The Stochastics value for PED is a neutral value. |
| Average True Range in percent/ATR (20) | 5.28 | HIGH VOLATILITY | The high ATR as a percentage value for PED suggests high volalility. |
| Average Directional Index/ADX (14) | 13.34 | NEGATIVE | The low ADX value for PED suggests a weak or negative 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)
0.65
0 (-0.51%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-0.51%
1 Week0.06%
2 Weeks0.03%
1 Month22.53%
3 Month-11.2%
6 Month-16.67%
12 Month-26.47%
2 Year-28.96%
3 Year-43.48%
5 Year-19.75%
10 Year-98.56%
15 YearN/A
Volatility
ATR(14)0.02
ATR(20)%5.28%
ATR Inc-30.61%
Range Today0.02
ADR(20)0.03
ADR(20)%5.1%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.84
Mansfield-2.35
10 Day High0.67
10 Day Low0.63
20 Day High0.69
20 Day Low0.55
52 Week High1.1
52 Week Low0.47
CS1 End0.65
CR1 Start0.65
Volume & EV
DER(3)-1.83%
DER(5)2.03%
Volume89.30K
Volume Incr-47.93%
Vol(5)54.42K
Vol(50)127.64K