Sandridge Permian Trust (PER) Stock Technical Analysis
USA - NYSE:PER -
0.409
+0.08 (+25.88%)
We assign a technical rating of 0 out of 10 to PER. PER's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
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.
When comparing the yearly performance of all stocks, PER is a bad performer in the overall market: 96% of all stocks are doing better.
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.
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.
More info and screens
0.40
0.53
We found 1 important support 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.
2 important resistance areas can be observed.
- Resistance @0.47 from a horizontal line in the weekly time frame.
- Resistance @0.52 from a trend line 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 PER is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PER is neutral. |
| ChartMill Relative Strength | 4.4 | NEGATIVE | PER has a low relative strength, it was outperformed by 95.6% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of PER is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PER is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PER is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.73 | NEUTRAL | The RSI value for PER is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests PER has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 11.54 | OVERSOLD | The low Stochastics value suggests PER may be oversold. |
| Average True Range in percent/ATR (20) | 16.23 | HIGH VOLATILITY | The high ATR as a percentage value for PER suggests high volalility. |
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)
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
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