HERAMBA ELECTRIC PLC (PITA) Stock Technical Analysis
NASDAQ:PITA - Nasdaq - IE000DKOX1A4 - Common Stock - Currency: USD
Overall PITA gets a technical rating of 0 out of 10. PITA's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
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, PITA is a bad performer in the overall market: 100% of all stocks are doing better.
PITA is part of the Electrical Equipment industry. There are 94 other stocks in this industry, of which 92% are performing better than PITA.
PITA is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
PITA has an average volume of 2750860 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
PITA has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 0.24. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for PITA in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
0.22
0.32
We found 2 important support areas.
- Support @0.23 from a horizontal line in the daily time frame.
- A support zone ranging from 0.22 to 0.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 0.24 to 0.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.25 from a trend line in the daily time frame.
- Resistance @0.32 from a trend line in the daily 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 | DOWN | NEGATIVE | The long term trend for PITA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PITA is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | PITA has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PITA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PITA is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 41.61 | NEUTRAL | The RSI value for PITA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests PITA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 65.55 | NEUTRAL | The Stochastics value for PITA is a neutral value. |
| Average True Range in percent/ATR (20) | 12.38 | HIGH VOLATILITY | The high ATR as a percentage value for PITA suggests high volalility. |
| Average Directional Index/ADX (14) | 9.63 | NEGATIVE | The low ADX value for PITA suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
0.2333
-0.01 (-2.79%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryElectrical Equipment
Performance
% Chg-2.79%
1 Week3.69%
2 Weeks2.32%
1 Month-12%
3 Month-74.08%
6 Month-79.89%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.02
ATR(20)%12.38%
ATR Inc-4%
Range Today0.03
ADR(20)0.03
ADR(20)%12.12%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS0
Mansfield-30
10 Day High0.25
10 Day Low0.2
20 Day High0.3
20 Day Low0.2
52 Week HighN/A
52 Week LowN/A
CS1 End0.23
CR1 Start0.24
Volume & EV
DER(3)-4.13%
DER(5)6.09%
Volume1.56M
Volume Incr-0.97%
Vol(5)335.00K
Vol(50)2.75M