PEDEVCO CORP (PED) Stock Technical Analysis
USA - NYSEARCA:PED - US70532Y3036 - Common Stock
0.611 USD
+0.01 (+1.65%)
0.615 USD
+0 (+0.65%)
Overall PED gets a technical rating of 1 out of 10. PED scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
93% of all other stocks performed better in the past year than PED.
PED is part of the Oil, Gas & Consumable Fuels industry. There are 210 other stocks in this industry, of which 85% are performing better than PED.
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 0.57 - 0.66 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, PED does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
0.56
0.76
When analyzing the support we can see 3 important areas.
- Support @0.61 from a trend line in the daily time frame.
- A support zone ranging from 0.59 to 0.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.57 from a horizontal line in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 0.62 to 0.62. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- Resistance @0.63 from a trend line in the daily time frame.
- A resistance zone ranging from 0.66 to 0.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 0.75 to 0.75. This zone is formed by a combination of multiple trend lines 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 | DOWN | NEGATIVE | The long term trend for PED is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PED is neutral. |
| ChartMill Relative Strength | 7.72 | NEGATIVE | PED has a low relative strength, it was outperformed by 92.28% 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 | NEGATIVE | The current price of PED is below 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) | 52.05 | 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. |
| Stochastics (14,3) | 27.24 | NEUTRAL | The Stochastics value for PED is a neutral value. |
| Average True Range in percent/ATR (20) | 4.09 | MEDIUM VOLATILITY | The ATR as a percentage value for PED suggests some volalility. |
| Average Directional Index/ADX (14) | 15.04 | 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)
0.611
+0.01 (+1.65%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg1.65%
1 Week2.19%
2 Weeks-1.45%
1 Month2.86%
3 Month-15.26%
6 Month-18.53%
12 Month-36.11%
2 Year-39.5%
3 Year-39.5%
5 Year-58.99%
10 Year-97.56%
15 YearN/A
Volatility
ATR(14)0.03
ATR(20)%4.09%
ATR Inc-34.21%
Range Today0.01
ADR(20)0.02
ADR(20)%3.81%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS7.72
Mansfield-2.48
10 Day High0.63
10 Day Low0.59
20 Day High0.66
20 Day Low0.57
52 Week High1.04
52 Week Low0.47
CS1 End0.61
CR1 Start0.62
Volume & EV
DER(3)-5.31%
DER(5)-4.52%
Volume45.90K
Volume Incr11.6%
Vol(5)145.82K
Vol(50)118.93K