Merrill Lynch Depositor (PIY) Stock Technical Analysis
NYSE:PIY - New York Stock Exchange, Inc. -
Taking everything into account, PIY scores 1 out of 10 in our technical rating. PIY'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, PIY 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 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
5.93
We found 1 important support 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.
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. |
NYSE:PIY (5/13/2020, 8:04:04 PM)
6.88
+0.1 (+1.47%)