PEDEVCO CORP (PED) Stock Technical Analysis
NYSEARCA:PED - NYSE Arca - US70532Y3036 - Common Stock - Currency: USD
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.
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 210 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.
PED is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, PED does present a nice setup opportunity. Prices have been consolidating lately. 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.
More info and screens
0.60
1.04
2 important support areas can be observed.
- Support @0.62 from a horizontal line in the weekly time frame.
- Support @0.61 from a horizontal line in the daily time frame.
5 important resistance areas can be observed.
- A resistance zone ranging from 0.65 to 0.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 0.71 to 0.72. 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.
- Resistance @0.99 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 | NEUTRAL | NEUTRAL | The short term trend for PED is neutral. |
| ChartMill Relative Strength | 13.67 | NEGATIVE | PED has a low relative strength, it was outperformed by 86.33% 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) | 48.72 | NEUTRAL | The RSI value for PED is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests PED has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 65.52 | NEUTRAL | The Stochastics value for PED is a neutral value. |
| Average True Range in percent/ATR (20) | 5.82 | HIGH VOLATILITY | The high ATR as a percentage value for PED suggests high volalility. |
| Average Directional Index/ADX (14) | 13.8 | 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)
0.641
-0.02 (-2.67%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-2.67%
1 Week2.56%
2 Weeks0.16%
1 Month-14.53%
3 Month14.48%
6 Month-28.54%
12 Month-38.37%
2 Year-31.43%
3 Year-49.13%
5 Year-25.53%
10 Year-98.17%
15 YearN/A
Volatility
ATR(14)0.03
ATR(20)%5.82%
ATR Inc0.73%
Range Today0.03
ADR(20)0.04
ADR(20)%5.55%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS13.67
Mansfield-2.42
10 Day High0.66
10 Day Low0.57
20 Day High0.81
20 Day Low0.57
52 Week High1.1
52 Week Low0.47
CS1 End0.62
CR1 Start0.65
Volume & EV
DER(3)-3.38%
DER(5)0.75%
Volume72.90K
Volume Incr-86.37%
Vol(5)79.80K
Vol(50)293.06K