HERAMBA ELECTRIC PLC (PITA) Technical Analysis
NASDAQ:PITA • IE000DKOX1A4
Current stock price
PITA Technical Rating and Analysis
Overall PITA gets a technical rating of 0 out of 10. PITA 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, 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 92 other stocks in this industry, of which 96% 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 Weekly and Daily overview Charts
PITA Setup Rating and Analysis
Although the technical rating is bad, PITA does present a nice setup opportunity. 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
PITA Support and Resistance Analysis
0.22
2 important support areas can be observed.
- 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.
3 important resistance areas can be observed.
- 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.
PITA 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 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. |
PITA Chart- and CandleStick Pattern Analysis
PITA Technicals: Chart, Performance Metrics, Trend & Indicators
0.2333
-0.01 (-2.79%)
HERAMBA ELECTRIC PLC / PITA TA FAQ
What is the ChartMill technical rating of HERAMBA ELECTRIC PLC (PITA) stock?
ChartMill assigns a technical rating of 0 / 10 to PITA.
What is the current trend direction of HERAMBA ELECTRIC PLC (PITA) stock?
The current trend direction for HERAMBA ELECTRIC PLC (PITA) is Bearish.
What is the RSI signal for PITA stock?
HERAMBA ELECTRIC PLC (PITA) has an RSI value of 41.6063. This indicates that the stock is currently neutral.
Can you provide the MACD signal for HERAMBA ELECTRIC PLC?
The MACD indicator for HERAMBA ELECTRIC PLC (PITA) has a value of 0.00825978, indicating a bearish trend.
What is the buy/sell signal for PITA stock?
The buy/sell signal for HERAMBA ELECTRIC PLC (PITA) is sell as both the short term and long term trends are negative.