Taking everything into account, PGY scores 2 out of 10 in our technical rating. Although PGY is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, PGY does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. We notice that large players showed an interest for PGY in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
20.98
2 important support areas can be observed.
- Support @21.63 from a horizontal line in the weekly time frame.
- Support @21.19 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @26.15 from a trend line in the daily 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 | DOWN | NEGATIVE | The long term trend for PGY is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PGY is down. |
| ChartMill Relative Strength | 93.01 | POSITIVE | PGY has a high relative strength, it outperformed 93.01% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of PGY is above 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) | 48.84 | NEUTRAL | The RSI value for PGY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.35 | POSITIVE | The MACD value suggests PGY has a positive trend. |
| Stochastics (14,3) | 42.52 | NEUTRAL | The Stochastics value for PGY is a neutral value. |
| Average True Range in percent/ATR (20) | 8.18 | HIGH VOLATILITY | The high ATR as a percentage value for PGY suggests high volalility. |
| Average Directional Index/ADX (14) | 18.31 | NEGATIVE | The low ADX value for PGY suggests a weak or negative trend. |
24.95
+0.91 (+3.79%)
PAGAYA TECHNOLOGIES LTD -A / PGY FAQ
What is the ChartMill technical rating of PAGAYA TECHNOLOGIES LTD -A (PGY) stock?
ChartMill assigns a technical rating of 2 / 10 to PGY.
What is the trend direction for PGY stock?
The current trend direction for PAGAYA TECHNOLOGIES LTD -A (PGY) is Bearish.
Can you provide the RSI signal for PAGAYA TECHNOLOGIES LTD -A?
PAGAYA TECHNOLOGIES LTD -A (PGY) has an RSI value of 48.8391. This indicates that the stock is currently neutral.
What is the short term momentum for PGY stock?
The short term momentum for PAGAYA TECHNOLOGIES LTD -A (PGY) is negative.
What is the support and resistance level for PGY stock?
PAGAYA TECHNOLOGIES LTD -A (PGY) has a support level at 21.63 and a resistance level at 26.15. Check the full technical report for our detailed analysis of PGY support and resistance levels.