Pershing Gold Corporation (PGLC.CA) Stock Technical Analysis
TSX:PGLC - Toronto Stock Exchange -
We assign a technical rating of 4 out of 10 to PGLC. 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 trading in the upper part of its 52 week range, so PGLC is lagging the market slightly.
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
3.11
When analyzing the support we can see 3 important areas.
- 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.
When analyzing the resistance we notice 2 important areas.
- 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. |
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)
TSX:PGLC (4/5/2019, 3:42:24 PM)
1.68
-0.22 (-11.58%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-11.58%
1 Week7.69%
2 Weeks11.26%
1 Month7.01%
3 Month0.6%
6 Month-10.64%
12 Month-40%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.11
ATR(20)%5.33%
ATR Inc381.25%
Range Today0.12
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
CRS24.74
Mansfield-1.53
10 Day High1.9
10 Day Low1.42
20 Day High1.9
20 Day Low1.42
52 Week High2.71
52 Week Low1.06
CS1 End1.59
CR1 Start1.76
Volume & EV
DER(3)1.67%
DER(5)-12.51%
Volume6.50K
Volume Incr-22.14%
Vol(5)3.90K
Vol(50)8.04K