POSCO HOLDINGS INC -SPON ADR (PKX) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:PKX - US6934831099 - ADR
We assign a technical rating of 9 out of 10 to PKX. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, PKX is showing a nice and steady performance.
- PKX is part of the Metals & Mining industry. There are 156 other stocks in this industry, of which 74% are performing better than PKX.
- Both the short term and long term trends are positive. This is a very positive sign.
- PKX is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month PKX has a been trading in the 51.18 - 60.78 range, which is quite wide. It is currently trading near the high of this range.
- Looking at the yearly performance, PKX did better than 82% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- Volume is considerably higher in the last couple of days.
Although PKX 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
43.39
When analyzing the support we can see 4 important areas.
- A support zone ranging from 53.95 to 54.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 51.40 to 53.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 46.82 to 47.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @43.83 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 60.22 to 61.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 PKX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PKX is up. |
| ChartMill Relative Strength | 82.34 | POSITIVE | PKX has a high relative strength, it outperformed 82.34% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PKX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PKX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PKX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.67 | NEUTRAL | The RSI value for PKX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.67 | POSITIVE | The MACD value suggests PKX has a positive trend. |
| Stochastics (14,3) | 76.79 | NEUTRAL | The Stochastics value for PKX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.07 | MEDIUM VOLATILITY | The ATR as a percentage value for PKX suggests some volalility. |
| Average Directional Index/ADX (14) | 18.68 | NEGATIVE | The low ADX value for PKX suggests a weak or negative trend. |
60.21
+0.14 (+0.23%)
POSCO HOLDINGS INC -SPON ADR / PKX FAQ
Can you provide the ChartMill technical rating for POSCO HOLDINGS INC -SPON ADR?
ChartMill assigns a technical rating of 9 / 10 to PKX.
What is the trend direction for PKX stock?
The current trend direction for POSCO HOLDINGS INC -SPON ADR (PKX) is Bullish.
What is the RSI signal for POSCO HOLDINGS INC -SPON ADR (PKX) stock?
POSCO HOLDINGS INC -SPON ADR (PKX) has an RSI value of 62.6651. This indicates that the stock is currently neutral.
What is the MACD signal for PKX stock?
The MACD indicator for POSCO HOLDINGS INC -SPON ADR (PKX) has a value of 0.666484, indicating a bearish trend.
Can you provide the buy/sell signal for POSCO HOLDINGS INC -SPON ADR?
The buy/sell signal for POSCO HOLDINGS INC -SPON ADR (PKX) is buy as both the short term and long term trends are positive.