HERAMBA ELECTRIC PLC (PITA) Stock Technical Analysis
NASDAQ:PITA - Nasdaq - IE000DKOX1A4 - Common Stock - Currency: USD
Taking everything into account, PITA scores 0 out of 10 in our technical rating. 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.
Although the technical rating is bad, PITA does present a nice setup opportunity. 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 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.
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0.22
When analyzing the support we can see 2 important 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.
We can see 3 important resistance 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. |
0.2333
-0.01 (-2.79%)