PINE ISLAND ACQUISITION-CL A (PIPP) Technical Analysis
NYSE:PIPP • US7226151014
Current stock price
PIPP Technical Rating and Analysis
Overall PIPP gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, PIPP is showing a nice and steady performance.
- PIPP is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so PIPP is lagging the market.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, PIPP did better than 85% of all other stocks. We also observe that the gains produced by PIPP over the past year are nicely spread over this period.
- In the last month PIPP has a been trading in a tight range between 9.97 and 10.04.
PIPP Weekly and Daily overview Charts
PIPP Setup Rating and Analysis
Besides having an excellent technical rating, PIPP also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 10.04. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.02, a Stop Loss order could be placed below this zone.
More info and screens
PIPP Support and Resistance Analysis
9.58
When analyzing the support we notice one important area.
- A support zone ranging from 9.68 to 10.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 10.04 to 10.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
PIPP 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 PIPP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PIPP is up. |
| ChartMill Relative Strength | 85.39 | POSITIVE | PIPP has a high relative strength, it outperformed 85.39% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PIPP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PIPP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PIPP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 69.62 | NEUTRAL | The RSI value for PIPP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests PIPP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.89 | OVERBOUGHT | The high Stochastics value suggests PIPP may be overbought. |
| Average True Range in percent/ATR (20) | 0.15 | LOW VOLATILITY | The low ATR as a percentage value for PIPP suggests low volalility. |
| Average Directional Index/ADX (14) | 61.9 | POSITIVE | The high ADX value value for PIPP suggests a strong trend. |
PIPP Chart- and CandleStick Pattern Analysis
PIPP Example Setup
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 |
|---|---|---|---|
| 10.06 | 10.00 | 0.06 (0.60%) | 25.00% |
| An entry @10.06. This is a Buy Stop order right above the resistance zone. | An exit @10.00. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.06 points, which is 0.60%. | For a 0.15% 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.
PIPP Technicals: Chart, Performance Metrics, Trend & Indicators
10.03
0 (0%)
PINE ISLAND ACQUISITION-CL A / PIPP TA FAQ
What is the ChartMill technical rating of PINE ISLAND ACQUISITION-CL A (PIPP) stock?
ChartMill assigns a technical rating of 9 / 10 to PIPP.
Can you provide the trend direction for PINE ISLAND ACQUISITION-CL A?
The current trend direction for PINE ISLAND ACQUISITION-CL A (PIPP) is Bullish.
Can you provide the RSI signal for PINE ISLAND ACQUISITION-CL A?
PINE ISLAND ACQUISITION-CL A (PIPP) has an RSI value of 69.6176. This indicates that the stock is currently neutral.
Can you provide the MACD signal for PINE ISLAND ACQUISITION-CL A?
The MACD indicator for PINE ISLAND ACQUISITION-CL A (PIPP) has a value of 0.00157013, indicating a bearish trend.
What is the buy/sell signal for PIPP stock?
The buy/sell signal for PINE ISLAND ACQUISITION-CL A (PIPP) is buy as both the short term and long term trends are positive.