Global X Permanent ETF (PERM) Stock Technical Analysis
NYSEARCA:PERM - NYSE Arca -
We assign a technical rating of 5 out of 10 to PERM. PERM has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
Warning: PERM has an average volume of 4006 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
PERM 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 PERM is lagging the market slightly.
When comparing the performance of all stocks over the past year, PERM turns out to be only a medium performer in the overall market: it outperformed 55% of all stocks.
In the last month PERM has a been trading in a tight range between 25.00 and 26.29.
Although the technical rating is only medium, PERM does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 25.51, a Stop Loss order could be placed below this zone.
More info and screens
23.64
26.55
2 important support areas can be observed.
- A support zone ranging from 25.04 to 25.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 23.88 to 23.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 25.53 to 25.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 26.29 to 26.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 PERM is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PERM is neutral. |
| ChartMill Relative Strength | 55.85 | NEUTRAL | PERM is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PERM is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of PERM is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PERM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.66 | NEUTRAL | The RSI value for PERM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests PERM has a negative trend. |
| Stochastics (14,3) | 73.64 | NEUTRAL | The Stochastics value for PERM is a neutral value. |
| Average True Range in percent/ATR (20) | 0.97 | LOW VOLATILITY | The low ATR as a percentage value for PERM suggests low 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)
NYSEARCA:PERM (10/6/2017, 8:12:50 PM)
25.52
-0.26 (-1.01%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-1.01%
1 Week-0.39%
2 Weeks-0.43%
1 Month-0.74%
3 Month3.82%
6 Month3.24%
12 Month1.43%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.26
ATR(20)%0.97%
ATR Inc60.47%
Range Today0.23
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
CRS55.85
Mansfield-0.55
10 Day High25.85
10 Day Low25
20 Day High26.29
20 Day Low25
52 Week High26.69
52 Week Low22.57
CS1 End25.51
CR1 Start25.53
Volume & EV
DER(3)0.79%
DER(5)0.47%
Volume5.90K
Volume Incr-26.85%
Vol(5)2.82K
Vol(50)4.01K