PEDEVCO CORP (PED) Stock Technical Analysis
USA - NYSEARCA:PED - US70532Y3036 - Common Stock
We assign a technical rating of 3 out of 10 to PED. 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.
PED has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 0.57, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for PED in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
0.56
When analyzing the support we notice one important area.
- A support zone ranging from 0.57 to 0.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
5 important resistance areas can be observed.
- A resistance zone ranging from 0.61 to 0.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.62 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 0.65 to 0.66. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @0.71 from a trend line in the daily time frame.
- 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 | NEUTRAL | NEUTRAL | The long term trend for PED is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PED is neutral. |
| ChartMill Relative Strength | 12.68 | NEGATIVE | PED has a low relative strength, it was outperformed by 87.32% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PED is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of PED is below the rising 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) | 46.38 | 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) | 39.06 | NEUTRAL | The Stochastics value for PED is a neutral value. |
| Average True Range in percent/ATR (20) | 6.17 | HIGH VOLATILITY | The high ATR as a percentage value for PED suggests high volalility. |
| Average Directional Index/ADX (14) | 16.77 | NEGATIVE | The low ADX value for PED suggests a weak or negative trend. |
0.5821
-0.04 (-6.71%)
PEDEVCO CORP / PED FAQ
What is the technical rating for PED stock?
ChartMill assigns a technical rating of 3 / 10 to PED.
Can you provide the trend direction for PEDEVCO CORP?
The current trend direction for PEDEVCO CORP (PED) is Bearish.
What is the RSI signal for PED stock?
PEDEVCO CORP (PED) has an RSI value of 46.3791. This indicates that the stock is currently neutral.
What is the MACD signal for PEDEVCO CORP (PED) stock?
The MACD indicator for PEDEVCO CORP (PED) has a value of 0.000420765, indicating a bearish trend.
What are the support and resistance levels for PEDEVCO CORP (PED) stock?
PEDEVCO CORP (PED) has a support level at 0.57 and a resistance level at 0.61. Check the full technical report for our detailed analysis of PED support and resistance levels.