Pershing Gold Corporation (PGLC.CA) Stock Technical Analysis
TSX:PGLC
Overall PGLC gets a technical rating of 4 out of 10. In the past year, PGLC was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- 76% of all other stocks performed better in the past year than PGLC.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- Warning: PGLC has an average volume of 8037 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- PGLC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PGLC is lagging the market.
- In the last month PGLC has a been trading in the 1.42 - 1.90 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
PGLC has an average technical rating and the quality of the presented setup is also not ideal 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
1.42
3 important support areas can be observed.
- A support zone ranging from 1.55 to 1.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.51 from a horizontal line in the weekly time frame.
- A support zone ranging from 1.43 to 1.44. This zone is formed by a combination of multiple trend lines in the daily time frame.
2 important resistance areas can be observed.
- Resistance @1.76 from a horizontal line in the weekly time frame.
- Resistance @3.08 from a trend line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for PGLC.CA is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PGLC.CA is up. |
| ChartMill Relative Strength | 24.74 | NEGATIVE | PGLC.CA has a low relative strength, it was outperformed by 75.26% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PGLC.CA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PGLC.CA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PGLC.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.52 | NEUTRAL | The RSI value for PGLC.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests PGLC.CA has a positive trend. |
| Stochastics (14,3) | 80.8 | OVERBOUGHT | The high Stochastics value suggests PGLC.CA may be overbought. |
| Average True Range in percent/ATR (20) | 5.33 | HIGH VOLATILITY | The high ATR as a percentage value for PGLC.CA suggests high volalility. |
TSX:PGLC (4/5/2019, 3:42:24 PM)
1.68
-0.22 (-11.58%)
Pershing Gold Corporation / PGLC.CA FAQ
What is the ChartMill technical rating of Pershing Gold Corporation (PGLC.CA) stock?
ChartMill assigns a technical rating of 4 / 10 to PGLC.CA.
What is the current trend direction of Pershing Gold Corporation (PGLC.CA) stock?
The current trend direction for Pershing Gold Corporation (PGLC.CA) is Bearish.
What is the RSI signal for Pershing Gold Corporation (PGLC.CA) stock?
Pershing Gold Corporation (PGLC.CA) has an RSI value of 55.5202. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for Pershing Gold Corporation?
Pershing Gold Corporation (PGLC.CA) has a support level at 1.59 and a resistance level at 1.76. Check the full technical report for our detailed analysis of PGLC.CA support and resistance levels.