PERF Technical Analysis - PERFECT CORP

Technical Rating and Analysis

Overall PERF gets a technical rating of 1 out of 10. PERF scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

80% of all other stocks performed better in the past year than PERF.

PERF is one of the lesser performing stocks in the Software industry. 63% of 281 stocks in the same industry do better.

PERF 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.

The long and short term trends are both neutral. This gives a pretty neutral overall picture!

In the last month PERF has a been trading in the 1.83 - 2.09 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

PERF has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.84

2.69

When analyzing the support we notice one important area.

Support @1.86 from a horizontal line in the daily time frame.

7 important resistance areas can be observed.

A resistance zone ranging from 1.90 to 1.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
A resistance zone ranging from 1.95 to 2.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 2.09 to 2.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @2.35 from a trend line in the daily time frame.
Resistance @2.41 from a trend line in the weekly time frame.
Resistance @2.58 from a horizontal line in the daily time frame.
Resistance @2.66 from a horizontal line in the weekly time frame.

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What is Support and Resistance

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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.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	NEUTRAL	NEUTRAL	The long term trend for PERF is neutral.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for PERF is neutral.
ChartMill Relative Strength	20.5	NEGATIVE	PERF has a low relative strength, it was outperformed by 79.5% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of PERF is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of PERF is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of PERF is below a declining SMA(200).
Relative Strength Index/RSI (14)	43.24	NEUTRAL	The RSI value for PERF is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.01	POSITIVE	The MACD value suggests PERF has a positive trend, although the MACD value is declining.
Stochastics (14,3)	60.87	NEUTRAL	The Stochastics value for PERF is a neutral value.
Average True Range in percent/ATR (20)	4.17	MEDIUM VOLATILITY	The ATR as a percentage value for PERF suggests some volalility.
Average Directional Index/ADX (14)	10.99	NEGATIVE	The low ADX value for PERF suggests a weak or negative trend.