Pershing Gold Corporation (PGLC) Stock Technical Analysis
NASDAQ:PGLC - Nasdaq -
We assign a technical rating of 1 out of 10 to PGLC. PGLC's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, PGLC is a bad performer in the overall market: 94% of all stocks are doing better.
PGLC is currently trading in the lower part 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.
In the last month PGLC has a been trading in the 1.05 - 1.21 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been consolidating recently, but much resistance may still be present above.
Although the technical rating is bad, PGLC does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 1.16. Right above this resistance zone may be a good entry point.
More info and screens
0.92
1.26
When analyzing the support we can see 2 important areas.
- Support @1.07 from a horizontal line in the daily time frame.
- Support @0.93 from a trend line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 1.16 to 1.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.21 from a trend line in the weekly time frame.
- A resistance zone ranging from 1.24 to 1.25. 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 | DOWN | NEGATIVE | The long term trend for PGLC is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PGLC is neutral. |
| ChartMill Relative Strength | 6.77 | NEGATIVE | PGLC has a low relative strength, it was outperformed by 93.23% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PGLC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of PGLC is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PGLC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.04 | NEUTRAL | The RSI value for PGLC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests PGLC has a negative trend. |
| Stochastics (14,3) | 51.11 | NEUTRAL | The Stochastics value for PGLC is a neutral value. |
| Average True Range in percent/ATR (20) | 5.68 | HIGH VOLATILITY | The high ATR as a percentage value for PGLC 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)
NASDAQ:PGLC (4/3/2019, 8:00:00 PM)
1.12
+0.04 (+3.7%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg3.7%
1 Week-0.96%
2 Weeks-0.01%
1 Month-1.75%
3 Month-12.5%
6 Month-21.68%
12 Month-43.15%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.07
ATR(20)%5.68%
ATR Inc52.38%
Range Today0.07
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
CRS6.77
Mansfield-2.34
10 Day High1.2
10 Day Low1.05
20 Day High1.21
20 Day Low1.05
52 Week High2.07
52 Week Low0.8
CS1 End1.07
CR1 Start1.16
Volume & EV
DER(3)-11.51%
DER(5)-2.42%
Volume285.10K
Volume Incr35.66%
Vol(5)89.98K
Vol(50)69.81K