PRONTOFORMS CORP (PFM.CA) Technical Analysis
TSX-V:PFM • CA74345T1057
Taking everything into account, PFM scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, PFM is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that PFM is one of the better performing stocks in the market, outperforming 97% of all stocks. We also observe that the gains produced by PFM over the past year are nicely spread over this period.
- PFM is one of the better performing stocks in the Software industry, it outperforms 100% of 70 stocks in the same industry.
- PFM is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- PFM is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
PFM 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
0.58
4 important support areas can be observed.
- A support zone ranging from 1.04 to 1.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.78 from a trend line in the daily time frame.
- Support @0.61 from a trend line in the weekly time frame.
- A support zone ranging from 0.59 to 0.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 1.06 to 1.06. 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 PFM.CA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PFM.CA is up. |
| ChartMill Relative Strength | 97.73 | POSITIVE | PFM.CA has a high relative strength, it outperformed 97.73% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PFM.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PFM.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PFM.CA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 81.18 | OVERBOUGHT | The high RSI value suggests PFM.CA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests PFM.CA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 94.12 | OVERBOUGHT | The high Stochastics value suggests PFM.CA may be overbought. |
| Average True Range in percent/ATR (20) | 2.95 | MEDIUM VOLATILITY | The ATR as a percentage value for PFM.CA suggests some volalility. |
| Average Directional Index/ADX (14) | 37.33 | POSITIVE | The high ADX value value for PFM.CA suggests a strong trend. |
PFM.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX-V:PFM (3/20/2024, 7:00:00 PM)
1.05
0 (0%)
PRONTOFORMS CORP / PFM.CA FAQ
What is the technical rating for PFM stock?
ChartMill assigns a technical rating of 10 / 10 to PFM.CA.
What is the current trend direction of PRONTOFORMS CORP (PFM.CA) stock?
The current trend direction for PRONTOFORMS CORP (PFM.CA) is Bullish.
What is the RSI signal for PRONTOFORMS CORP (PFM.CA) stock?
PRONTOFORMS CORP (PFM.CA) has an RSI value of 81.1843. This indicates that the stock is currently overbought.
What is the MACD signal for PFM stock?
The MACD indicator for PRONTOFORMS CORP (PFM.CA) has a value of 0.0255144, indicating a bearish trend.
Can you provide the short term momentum for PRONTOFORMS CORP?
The short term momentum for PRONTOFORMS CORP (PFM.CA) is positive.