PIG Technical Analysis - HAULOTTE GROUP

Technical Rating and Analysis

Overall PIG gets a technical rating of 0 out of 10. PIG scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

When comparing the yearly performance of all stocks, PIG is a bad performer in the overall market: 96% of all stocks are doing better.

PIG is one of the lesser performing stocks in the Machinery industry. 83% of 103 stocks in the same industry do better.

PIG is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

In the last month PIG has a been trading in the 2.00 - 2.65 range, which is quite wide. It is currently trading near the lows of this range.

Warning: PIG has an average volume of 9798 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

The technical rating of PIG is bad and it also does not present a 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

2.05

2.99

We can see 5 important resistance areas.

A resistance zone ranging from 2.48 to 2.50. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Resistance @2.58 from a horizontal line in the daily time frame.
A resistance zone ranging from 2.64 to 2.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
A resistance zone ranging from 2.74 to 2.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @2.96 from a horizontal line in the weekly 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	DOWN	NEGATIVE	The long term trend for PIG.PA is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for PIG.PA is down.
ChartMill Relative Strength	4.8	NEGATIVE	PIG.PA has a low relative strength, it was outperformed by 95.2% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of PIG.PA is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of PIG.PA is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of PIG.PA is below a declining SMA(200).
Relative Strength Index/RSI (14)	26.5	OVERSOLD	The low RSI value suggests PIG.PA may be oversold.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.04	NEGATIVE	The MACD value suggests PIG.PA has a negative trend, although the MACD value is rising.
Stochastics (14,3)	5.36	OVERSOLD	The low Stochastics value suggests PIG.PA may be oversold.
Average True Range in percent/ATR (20)	3.72	MEDIUM VOLATILITY	The ATR as a percentage value for PIG.PA suggests some volalility.
Average Directional Index/ADX (14)	31.45	POSITIVE	The high ADX value value for PIG.PA suggests a strong trend.