Merrill Lynch Depositor (PIY) Technical Analysis
NYSE:PIY
Current stock price
PIY Technical Rating and Analysis
Taking everything into account, PIY scores 1 out of 10 in our technical rating. PIY scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- 86% of all other stocks performed better in the past year than PIY.
- PIY 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 PIY is lagging the market.
- Warning: PIY has an average volume of 10010 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- In the last month PIY has a been trading in the 5.84 - 7.30 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
PIY Weekly and Daily overview Charts
PIY Setup Rating and Analysis
Although the technical rating is bad, PIY 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 6.89. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 6.02, a Stop Loss order could be placed below this zone.
More info and screens
PIY Support and Resistance Analysis
5.93
When analyzing the support we notice one important area.
- A support zone ranging from 5.99 to 6.02. This zone is formed by a combination of multiple trend lines in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 6.89 to 7.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 11.39 to 11.57. This zone is formed by a combination of multiple trend lines in the weekly time frame.
PIY 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 PIY is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PIY is neutral. |
| ChartMill Relative Strength | 14.58 | NEGATIVE | PIY has a low relative strength, it was outperformed by 85.42% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PIY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PIY is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PIY is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.72 | NEUTRAL | The RSI value for PIY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests PIY has a positive trend. |
| Stochastics (14,3) | 68.08 | NEUTRAL | The Stochastics value for PIY is a neutral value. |
| Average True Range in percent/ATR (20) | 7.19 | HIGH VOLATILITY | The high ATR as a percentage value for PIY suggests high volalility. |
PIY Chart- and CandleStick Pattern Analysis
PIY Technicals: Chart, Performance Metrics, Trend & Indicators
NYSE:PIY (5/13/2020, 8:04:04 PM)
6.88
+0.1 (+1.47%)
Merrill Lynch Depositor / PIY TA FAQ
What is the technical rating for PIY stock?
ChartMill assigns a technical rating of 1 / 10 to PIY.
What is the trend direction for PIY stock?
The current trend direction for Merrill Lynch Depositor (PIY) is Bearish.
What is the RSI signal for PIY stock?
Merrill Lynch Depositor (PIY) has an RSI value of 51.7244. This indicates that the stock is currently neutral.
Can you provide the short term momentum for Merrill Lynch Depositor?
The short term momentum for Merrill Lynch Depositor (PIY) is neutral.
Can you provide the support and resistance levels for Merrill Lynch Depositor?
Merrill Lynch Depositor (PIY) has a support level at 6.02 and a resistance level at 6.89. Check the full technical report for our detailed analysis of PIY support and resistance levels.