PHUNWARE INC (PHUN) Stock Technical Analysis
NASDAQ:PHUN - Nasdaq - US71948P2092 - Common Stock - Currency: USD
Taking everything into account, PHUN scores 6 out of 10 in our technical rating. In the last year, PHUN was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
PHUN has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 3.44. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 3.15, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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.
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2.83
4 important support areas can be observed.
- A support zone ranging from 3.09 to 3.15. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @3.03 from a trend line in the daily time frame.
- Support @2.96 from a horizontal line in the weekly time frame.
- Support @2.86 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 3.44 to 3.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @3.64 from a trend line in the daily time frame.
- Resistance @4.11 from a trend line in the weekly time frame.
- Resistance @5.83 from a horizontal line in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for PHUN is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PHUN is up. |
| ChartMill Relative Strength | 34.25 | NEUTRAL | PHUN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PHUN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PHUN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PHUN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.58 | NEUTRAL | The RSI value for PHUN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests PHUN has a positive trend. |
| Stochastics (14,3) | 69.95 | NEUTRAL | The Stochastics value for PHUN is a neutral value. |
| Average True Range in percent/ATR (20) | 6 | HIGH VOLATILITY | The high ATR as a percentage value for PHUN suggests high volalility. |
| Average Directional Index/ADX (14) | 18.02 | NEGATIVE | The low ADX value for PHUN suggests a weak or negative 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 |
|---|---|---|---|
| 3.46 | 3.08 | 0.38 (10.98%) | 9.11% |
| An entry @3.46. This is a Buy Stop order right above the resistance zone. | An exit @3.08. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.38 points, which is 10.98%. | For a 1.00% total portfolio risk, you can invest 9.11% 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.
3.42
+0.04 (+1.18%)