PERFORMANT HEALTHCARE INC (PHLT) Stock Technical Analysis
USA - NASDAQ:PHLT - US71377E1055 - Common Stock
Overall PHLT gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, PHLT is a bad performer.
PHLT has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 7.76. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 7.73, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
4.62
2 important support areas can be observed.
- A support zone ranging from 7.57 to 7.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @4.67 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 7.76 to 7.76. 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 | UP | POSITIVE | The long term trend for PHLT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PHLT is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | PHLT has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PHLT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PHLT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PHLT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 71.3 | OVERBOUGHT | The high RSI value suggests PHLT may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests PHLT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 63.33 | NEUTRAL | The Stochastics value for PHLT is a neutral value. |
| Average True Range in percent/ATR (20) | 0.29 | LOW VOLATILITY | The low ATR as a percentage value for PHLT suggests low volalility. |
| Average Directional Index/ADX (14) | 66.89 | POSITIVE | The high ADX value value for PHLT suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 7.77 | 7.70 | 0.07 (0.90%) | 25.00% |
| An entry @7.77. This is a Buy Stop order right above the resistance zone. | An exit @7.70. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.07 points, which is 0.90%. | For a 0.23% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
7.75
+0.02 (+0.26%)
PERFORMANT HEALTHCARE INC / PHLT FAQ
What is the ChartMill technical rating of PERFORMANT HEALTHCARE INC (PHLT) stock?
ChartMill assigns a technical rating of 7 / 10 to PHLT.
What is the current trend direction of PERFORMANT HEALTHCARE INC (PHLT) stock?
The current trend direction for PERFORMANT HEALTHCARE INC (PHLT) is Bullish.
What is the RSI signal for PERFORMANT HEALTHCARE INC (PHLT) stock?
PERFORMANT HEALTHCARE INC (PHLT) has an RSI value of 71.2985. This indicates that the stock is currently overbought.
What is the MACD signal for PHLT stock?
The MACD indicator for PERFORMANT HEALTHCARE INC (PHLT) has a value of -0.0246938, indicating a bearish trend.
What is the short term momentum for PERFORMANT HEALTHCARE INC (PHLT) stock?
The short term momentum for PERFORMANT HEALTHCARE INC (PHLT) is positive.