PGY Technical Analysis - PAGAYA TECHNOLOGIES LTD -A

Technical Rating and Analysis

Taking everything into account, PGY scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, PGY has proven to be a steady performer, scoring decent points in every aspect analyzed.

Both the short term and long term trends are positive. This is a very positive sign.

Looking at the yearly performance, PGY did better than 98% of all other stocks. On top of that, PGY also shows a nice and consistent pattern of rising prices.

PGY is one of the better performing stocks in the Software industry, it outperforms 95% of 280 stocks in the same industry.

PGY is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month PGY has a been trading in the 28.72 - 40.13 range, which is quite wide. It is currently trading near the high of this range.

PGY has an average volume of 3558940 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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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 excellent technical rating, but the quality of the setup is only medium 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

33.11

40.06

We found 1 important support area.

Support @33.44 from a trend line in the daily time frame.

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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	UP	POSITIVE	The short term trend for PGY is up.
ChartMill Relative Strength	98.18	POSITIVE	PGY has a high relative strength, it outperformed 98.18% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of PGY is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of PGY is above the rising 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)	66.63	NEUTRAL	The RSI value for PGY is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.11	POSITIVE	The MACD value suggests PGY has a positive trend.
Stochastics (14,3)	84.41	OVERBOUGHT	The high Stochastics value suggests PGY may be overbought.
Average True Range in percent/ATR (20)	6.48	HIGH VOLATILITY	The high ATR as a percentage value for PGY suggests high volalility.
Average Directional Index/ADX (14)	42.67	POSITIVE	The high ADX value value for PGY suggests a strong trend.