POSCO HOLDINGS INC -SPON ADR (PKX) Stock Technical Analysis
NYSE:PKX - New York Stock Exchange, Inc. - US6934831099 - ADR - Currency: USD
Overall PKX gets a technical rating of 1 out of 10. PKX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, PKX is a bad performer in the overall market: 80% of all stocks are doing better.
PKX is one of the lesser performing stocks in the Metals & Mining industry. 75% of 153 stocks in the same industry do better.
PKX is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so PKX is lagging the market.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
In the last month PKX has a been trading in the 42.35 - 47.37 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
PKX has a poor technical rating and the quality of the setup is also not perfect 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
42.53
54.94
We found 2 important support areas.
- A support zone ranging from 45.20 to 45.41. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @42.96 from a trend line in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 45.88 to 47.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @47.88 from a trend line in the daily time frame.
- Resistance @51.60 from a trend line in the daily time frame.
- A resistance zone ranging from 53.59 to 54.40. 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 | DOWN | NEGATIVE | The long term trend for PKX is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PKX is neutral. |
| ChartMill Relative Strength | 20.76 | NEGATIVE | PKX has a low relative strength, it was outperformed by 79.24% 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) | DOWN | NEGATIVE | The current price of PKX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PKX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.48 | NEUTRAL | The RSI value for PKX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.2 | POSITIVE | The MACD value suggests PKX has a positive trend. |
| Stochastics (14,3) | 70.85 | NEUTRAL | The Stochastics value for PKX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.17 | MEDIUM VOLATILITY | The ATR as a percentage value for PKX suggests some volalility. |
| Average Directional Index/ADX (14) | 21.81 | NEUTRAL | The ADX value for PKX suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
45.7
-0.72 (-1.55%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-1.55%
1 Week6.9%
2 Weeks1.96%
1 Month0.95%
3 Month-1.17%
6 Month-11.47%
12 Month-32.21%
2 Year-32.68%
3 Year-20.55%
5 Year23.81%
10 Year-16.54%
15 Year-52.58%
Volatility
ATR(14)1.1
ATR(20)%2.17%
ATR Inc13.98%
Range Today0.86
ADR(20)0.71
ADR(20)%1.56%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.76
Mansfield-1.98
10 Day High46.52
10 Day Low42.35
20 Day High47.37
20 Day Low42.35
52 Week High74.01
52 Week Low39.4
CS1 End45.41
CR1 Start45.88
Volume & EV
DER(3)-0.5%
DER(5)0.66%
Volume238.10K
Volume Incr11.42%
Vol(5)208.28K
Vol(50)363.69K