PARK AEROSPACE CORP (PKE) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:PKE - US70014A1043 - Common Stock
Taking everything into account, PKE scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, PKE has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, PKE also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. We notice that large players showed an interest for PKE 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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12.33
We found 4 important support areas.
- A support zone ranging from 20.53 to 20.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 19.80 to 20.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 18.55 to 19.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @12.45 from a horizontal line 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 | UP | POSITIVE | The long term trend for PKE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PKE is up. |
| ChartMill Relative Strength | 90.03 | POSITIVE | PKE has a high relative strength, it outperformed 90.03% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PKE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PKE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PKE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.39 | NEUTRAL | The RSI value for PKE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests PKE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 61.54 | NEUTRAL | The Stochastics value for PKE is a neutral value. |
| Average True Range in percent/ATR (20) | 3.36 | MEDIUM VOLATILITY | The ATR as a percentage value for PKE suggests some volalility. |
| Average Directional Index/ADX (14) | 31.22 | POSITIVE | The high ADX value value for PKE suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 22.56 | 20.52 | 2.04 (9.04%) | 11.06% |
| An entry @22.56. This is a Buy Stop order right above the 10 day high. | An exit @20.52. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.04 points, which is 9.04%. | When investing 11.06% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
21.59
+0.29 (+1.36%)
PARK AEROSPACE CORP / PKE FAQ
What is the ChartMill technical rating of PARK AEROSPACE CORP (PKE) stock?
ChartMill assigns a technical rating of 10 / 10 to PKE.
What is the trend direction for PKE stock?
The current trend direction for PARK AEROSPACE CORP (PKE) is Bullish.
What is the RSI signal for PKE stock?
PARK AEROSPACE CORP (PKE) has an RSI value of 63.3916. This indicates that the stock is currently neutral.
What is the short term momentum for PARK AEROSPACE CORP (PKE) stock?
The short term momentum for PARK AEROSPACE CORP (PKE) is positive.
What are the support and resistance levels for PARK AEROSPACE CORP (PKE) stock?
PARK AEROSPACE CORP (PKE) has a support level at 20.56. Check the full technical report for our detailed analysis of PKE support and resistance levels.