PARKER DRILLING CO (PKD) Technical Analysis
NYSE:PKD
Current stock price
PKD Technical Rating and Analysis
Overall PKD gets a technical rating of 2 out of 10. Although PKD is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- In the last month PKD has a been trading in the 13.67 - 19.75 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- Looking at the yearly performance, PKD did better than 99% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
- PKD is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so PKD is lagging the market slightly.
PKD Weekly and Daily overview Charts
PKD Setup Rating and Analysis
The technical rating of PKD is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
PKD Support and Resistance Analysis
14.51
When analyzing the resistance we notice one important area.
- Resistance @22.46 from a trend line in the daily time frame.
PKD 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 | NEUTRAL | NEUTRAL | The long term trend for PKD is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PKD is down. |
| ChartMill Relative Strength | 99.45 | POSITIVE | PKD has a high relative strength, it outperformed 99.45% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PKD is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PKD is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PKD is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 23.81 | OVERSOLD | The low RSI value suggests PKD may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.29 | NEGATIVE | The MACD value suggests PKD has a negative trend. |
| Stochastics (14,3) | 14.58 | OVERSOLD | The low Stochastics value suggests PKD may be oversold. |
| Average True Range in percent/ATR (20) | 5.89 | HIGH VOLATILITY | The high ATR as a percentage value for PKD suggests high volalility. |
PKD Chart- and CandleStick Pattern Analysis
PKD Technicals: Chart, Performance Metrics, Trend & Indicators
14.66
-0.34 (-2.27%)
PARKER DRILLING CO / PKD TA FAQ
What is the ChartMill technical rating of PARKER DRILLING CO (PKD) stock?
ChartMill assigns a technical rating of 1 / 10 to PKD.
What is the trend direction for PKD stock?
The current trend direction for PARKER DRILLING CO (PKD) is Bearish.
Can you provide the RSI signal for PARKER DRILLING CO?
PARKER DRILLING CO (PKD) has an RSI value of 23.8059. This indicates that the stock is currently oversold.
What is the short term momentum for PKD stock?
The short term momentum for PARKER DRILLING CO (PKD) is negative.