PERION NETWORK LTD (PERI) Stock Technical Analysis
NASDAQ:PERI - Nasdaq - IL0010958192 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to PERI. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, PERI is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that PERI is one of the better performing stocks in the market, outperforming 84% of all stocks.
PERI is part of the Media industry. There are 97 other stocks in this industry. PERI outperforms 76% of them.
PERI is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so PERI is lagging the market slightly.
In the last month PERI has a been trading in the 9.28 - 11.30 range, which is quite wide. It is currently trading near the high of this range.
Considerably lower volume is observed in the last couple of days.
PERI has an excellent technical rating, but the quality of the setup is 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.
More info and screens
9.13
11.50
3 important support areas can be observed.
- A support zone ranging from 10.08 to 10.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 9.42 to 9.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @9.22 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @11.03 from a horizontal line in the weekly time frame.
- Resistance @11.39 from a horizontal 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 | UP | POSITIVE | The long term trend for PERI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PERI is up. |
| ChartMill Relative Strength | 84.17 | POSITIVE | PERI has a high relative strength, it outperformed 84.17% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PERI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PERI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PERI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.25 | NEUTRAL | The RSI value for PERI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests PERI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 87.22 | OVERBOUGHT | The high Stochastics value suggests PERI may be overbought. |
| Average True Range in percent/ATR (20) | 2.84 | MEDIUM VOLATILITY | The ATR as a percentage value for PERI suggests some volalility. |
| Average Directional Index/ADX (14) | 24.59 | NEUTRAL | The ADX value for PERI suggests a possible start of a new 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 11.04 | 10.10 | 0.94 (8.51%) | 11.74% |
| An entry @11.04. This is a Buy Stop order right above the resistance zone. | An exit @10.10. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.94 points, which is 8.51%. | When investing 11.74% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
10.97
-0.05 (-0.45%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryMedia
Performance
% Chg-0.45%
1 Week1.48%
2 Weeks8.61%
1 Month12.86%
3 Month23.61%
6 Month23.68%
12 Month32.01%
2 Year-70.02%
3 Year-41.43%
5 Year84.37%
10 Year42.84%
15 YearN/A
Volatility
ATR(14)0.34
ATR(20)%2.84%
ATR Inc9.96%
Range Today0.37
ADR(20)0.29
ADR(20)%2.61%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.17
Mansfield1.47
10 Day High11.3
10 Day Low10.11
20 Day High11.3
20 Day Low9.28
52 Week High11.79
52 Week Low6.99
CS1 End10.31
CR1 Start11.03
Volume & EV
DER(3)3.37%
DER(5)2.28%
Volume322.70K
Volume Incr16.35%
Vol(5)279.86K
Vol(50)433.50K