PIN Technical Analysis - INVESCO INDIA EXCHANGE-TRADE

Technical Rating and Analysis

Overall PIN gets a technical rating of 3 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. PIN was also a bad performer in the overall market in the last year.

When comparing the yearly performance of all stocks, PIN is a bad performer in the overall market: 82% of all stocks are doing better.

The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.

PIN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PIN is lagging the market.

In the last month PIN has a been trading in a tight range between 25.06 and 26.27.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

INVESCO INDIA EXCHANGE-TRADE / PIN Weekly stock chart

INVESCO INDIA EXCHANGE-TRADE / PIN Daily stock chart

Setup Rating and Analysis

PIN has a poor technical rating and the quality of the setup is also not perfect 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

22.41

27.39

3 important support areas can be observed.

A support zone ranging from 25.07 to 25.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 23.09 to 23.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @22.64 from a horizontal line in the weekly time frame.

When analyzing the resistance we notice 3 important areas.

A resistance zone ranging from 26.03 to 26.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @26.68 from a horizontal line in the daily time frame.
A resistance zone ranging from 27.11 to 27.12. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

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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	NEUTRAL	NEUTRAL	The long term trend for PIN is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for PIN is up.
ChartMill Relative Strength	18.01	NEGATIVE	PIN has a low relative strength, it was outperformed by 81.99% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of PIN is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	MIXED	The current price of PIN is above a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of PIN is above a declining SMA(200).
Relative Strength Index/RSI (14)	57.63	NEUTRAL	The RSI value for PIN is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.08	POSITIVE	The MACD value suggests PIN has a positive trend, although the MACD value is declining.
Stochastics (14,3)	79.21	NEUTRAL	The Stochastics value for PIN is a neutral value.
Average True Range in percent/ATR (20)	0.77	LOW VOLATILITY	The low ATR as a percentage value for PIN suggests low volalility.
Average Directional Index/ADX (14)	15.82	NEGATIVE	The low ADX value for PIN suggests a weak or negative trend.