PERI Technical Analysis - PERION NETWORK LTD

Technical Rating and Analysis

Taking everything into account, PERI scores 4 out of 10 in our technical rating. PERI has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.

The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.

PERI is part of the Media industry. There are 100 other stocks in this industry. PERI outperforms 72% of them.

In the last month PERI has a been trading in the 8.90 - 9.93 range, which is quite wide. It is currently trading near the high of this range.

When compared to the yearly performance of all other stocks, PERI outperforms 65% of them, which is more or less in line with the market.

PERI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PERI is lagging the market.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

PERION NETWORK LTD / PERI Weekly stock chart

PERION NETWORK LTD / PERI Daily stock chart

Setup Rating and Analysis

PERI has an average technical rating and it also does not offer a high quality setup 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

9.05

11.49

We found 1 important support area.

A support zone ranging from 9.14 to 9.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

3 important resistance areas can be observed.

A resistance zone ranging from 9.84 to 9.91. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Resistance @11.06 from a horizontal line in the weekly time frame.
Resistance @11.38 from a horizontal 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.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	NEUTRAL	NEUTRAL	The long term trend for PERI is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for PERI is up.
ChartMill Relative Strength	65.39	NEUTRAL	PERI is not amongst the best or worst performers 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)	DOWN	NEGATIVE	The current price of PERI is below a declining 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)	57.76	NEUTRAL	The RSI value for PERI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.12	POSITIVE	The MACD value suggests PERI has a positive trend.
Stochastics (14,3)	88.32	OVERBOUGHT	The high Stochastics value suggests PERI may be overbought.
Average True Range in percent/ATR (20)	2.4	MEDIUM VOLATILITY	The ATR as a percentage value for PERI suggests some volalility.
Average Directional Index/ADX (14)	21.65	NEUTRAL	The ADX value for PERI suggests a possible start of a new trend.