PGY Technical Analysis - PAGAYA TECHNOLOGIES LTD -A

Technical Rating and Analysis

We assign a technical rating of 5 out of 10 to PGY. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.

In the last month PGY has a been trading in the 28.30 - 44.99 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.

When comparing the yearly performance of all stocks, we notice that PGY is one of the better performing stocks in the market, outperforming 96% of all stocks.

PGY is one of the better performing stocks in the Software industry, it outperforms 92% of 281 stocks in the same industry.

PGY has an average volume of 4204600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.

PGY is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PGY is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

PAGAYA TECHNOLOGIES LTD -A / PGY Weekly stock chart

PAGAYA TECHNOLOGIES LTD -A / PGY Daily stock chart

Setup Rating and Analysis

PGY has an average technical rating and it also does not offer a high quality setup 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

28.76

29.70

When analyzing the resistance we notice one important area.

A resistance zone ranging from 29.39 to 29.41. This zone is formed by a combination of multiple trend lines in multiple time frames.

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Technical Indicator Signal Analysis

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 PGY is up.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for PGY is down.
ChartMill Relative Strength	96.38	POSITIVE	PGY has a high relative strength, it outperformed 96.38% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of PGY is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of PGY is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of PGY is above the rising SMA(200).
Relative Strength Index/RSI (14)	34.89	NEUTRAL	The RSI value for PGY is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-1.4	NEGATIVE	The MACD value suggests PGY has a negative trend, although the MACD value is rising.
Stochastics (14,3)	10.92	OVERSOLD	The low Stochastics value suggests PGY may be oversold.
Average True Range in percent/ATR (20)	9.19	HIGH VOLATILITY	The high ATR as a percentage value for PGY suggests high volalility.
Average Directional Index/ADX (14)	32.5	POSITIVE	The high ADX value value for PGY suggests a strong trend.