PARK-OHIO HOLDINGS CORP (PKOH) Stock Technical Analysis
NASDAQ:PKOH • US7006661000
Overall PKOH gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, PKOH is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- A new 52 week high is currently being made by PKOH, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- In the last month PKOH has a been trading in the 21.17 - 28.50 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the yearly performance of all stocks, we notice that PKOH is one of the better performing stocks in the market, outperforming 82% of all stocks. However, this relatively good performance is mostly due to a recent big move.
- PKOH is an average performer in the Machinery industry, it outperforms 62% of 132 stocks in the same industry.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although PKOH has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
18.37
When analyzing the support we can see 3 important areas.
- A support zone ranging from 22.15 to 22.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 21.21 to 21.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @18.56 from a horizontal line in the daily 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 PKOH is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PKOH is up. |
| ChartMill Relative Strength | 82.44 | POSITIVE | PKOH has a high relative strength, it outperformed 82.44% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PKOH is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PKOH is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PKOH is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 78.47 | OVERBOUGHT | The high RSI value suggests PKOH may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.45 | POSITIVE | The MACD value suggests PKOH has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 93.49 | OVERBOUGHT | The high Stochastics value suggests PKOH may be overbought. |
| Average True Range in percent/ATR (20) | 3.86 | MEDIUM VOLATILITY | The ATR as a percentage value for PKOH suggests some volalility. |
| Average Directional Index/ADX (14) | 28.16 | POSITIVE | The high ADX value value for PKOH suggests a strong trend. |
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+0.2 (+0.72%)
PARK-OHIO HOLDINGS CORP / PKOH FAQ
What is the technical rating for PKOH stock?
ChartMill assigns a technical rating of 9 / 10 to PKOH.
What is the current trend direction of PARK-OHIO HOLDINGS CORP (PKOH) stock?
The current trend direction for PARK-OHIO HOLDINGS CORP (PKOH) is Bullish.
What is the RSI signal for PKOH stock?
PARK-OHIO HOLDINGS CORP (PKOH) has an RSI value of 78.4697. This indicates that the stock is currently overbought.
Can you provide the MACD signal for PARK-OHIO HOLDINGS CORP?
The MACD indicator for PARK-OHIO HOLDINGS CORP (PKOH) has a value of 0.448171, indicating a bearish trend.
What is the short term momentum for PARK-OHIO HOLDINGS CORP (PKOH) stock?
The short term momentum for PARK-OHIO HOLDINGS CORP (PKOH) is positive.