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Sandridge Permian Trust (PER) Stock Technical Analysis

USA - New York Stock Exchange - NYSE:PER -

0.409
+0.08 (+25.88%)
Last: 9/8/2020, 8:04:00 PM
Technical Rating and Analysis

0

We assign a technical rating of 0 out of 10 to PER. PER 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 long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
96% of all other stocks performed better in the past year than PER.
PER is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month PER has a been trading in the 0.30 - 0.85 range, which is quite wide. It is currently trading near the lows of this range.
PER has an average volume of 1210070 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

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Weekly and Daily overview Charts
Sandridge Permian Trust / PER Weekly stock chart
Sandridge Permian Trust / PER Daily stock chart
Setup Rating and Analysis

5

PER 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 0.40, a Stop Loss order could be placed below this zone.

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Support and Resistance Analysis

0.40

0.53

When analyzing the support we notice one important area.

  • A support zone ranging from 0.40 to 0.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

When analyzing the resistance we notice 2 important areas.

  • Resistance @0.47 from a horizontal line in the weekly time frame.
  • Resistance @0.52 from a trend line in the daily time frame.

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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 IndicatorDOWNNEGATIVEThe long term trend for PER is down.
ChartMill Short Term Trend IndicatorNEUTRALNEUTRALThe short term trend for PER is neutral.
ChartMill Relative Strength4.4NEGATIVEPER has a low relative strength, it was outperformed by 95.6% off all stocks on the market.
Simple Moving Average/SMA (20)DOWNMIXEDThe current price of PER is above a declining SMA(20).
Simple Moving Average/SMA (50)DOWNNEGATIVEThe current price of PER is below a declining SMA(50).
Simple Moving Average/SMA (200)DOWNNEGATIVEThe current price of PER is below a declining SMA(200).
Relative Strength Index/RSI (14)50.73NEUTRALThe RSI value for PER is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)0NEGATIVEThe MACD value suggests PER has a negative trend, although the MACD value is rising.
Stochastics (14,3)11.54OVERSOLDThe low Stochastics value suggests PER may be oversold.
Average True Range in percent/ATR (20)16.23HIGH VOLATILITYThe high ATR as a percentage value for PER suggests high volalility.
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)

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Sandridge Permian Trust / PER Daily stock chart

Sandridge Permian Trust

NYSE:PER (9/8/2020, 8:04:00 PM)

0.409

+0.08 (+25.88%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg25.88%
1 Week-0.66%
2 Weeks22.46%
1 Month-5.35%
3 Month-14.88%
6 Month-29.95%
12 Month-74.28%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.08
ATR(20)%16.23%
ATR Inc5.78%
Range Today0.08
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS4.4
3 months CRSN/A
6 months CRSN/A
Mansfield-5.27
10 Day High0.85
10 Day Low0.3
20 Day High0.85
20 Day Low0.3
52 Week High1.75
52 Week Low0.25
CS1 End0.4
CR1 Start0.47
Volume & EV
DER(3)1.31%
DER(5)-3.18%
Volume2.22M
Volume Incr-47.64%
Vol(5)1.24M
Vol(50)1.21M

Sandridge Permian Trust / PER FAQ

What is the ChartMill technical rating of Sandridge Permian Trust (PER) stock?

ChartMill assigns a technical rating of 0 / 10 to PER.


What is the current trend direction of Sandridge Permian Trust (PER) stock?

The current trend direction for Sandridge Permian Trust (PER) is Bearish.


What is the RSI signal for Sandridge Permian Trust (PER) stock?

Sandridge Permian Trust (PER) has an RSI value of 50.7292. This indicates that the stock is currently neutral.


What is the support and resistance level for PER stock?

Sandridge Permian Trust (PER) has a support level at 0.4 and a resistance level at 0.47. Check the full technical report for our detailed analysis of PER support and resistance levels.