POSCO HOLDINGS INC -SPON ADR (PKX) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:PKX - US6934831099 - ADR
Overall PKX gets a technical rating of 4 out of 10. Although PKX 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.
PKX has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 51.94, a Stop Loss order could be placed below this zone.
More info and screens
43.39
4 important support areas can be observed.
- Support @51.94 from a horizontal line in the daily time frame.
- A support zone ranging from 46.60 to 46.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 45.12 to 45.12. 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.
We can see 3 important resistance areas.
- A resistance zone ranging from 52.42 to 53.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 55.11 to 56.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @57.48 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 | NEUTRAL | NEUTRAL | The long term trend for PKX is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PKX is down. |
| ChartMill Relative Strength | 76.62 | POSITIVE | PKX has a high relative strength, it outperformed 76.62% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PKX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of PKX is below 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) | 45.31 | NEUTRAL | The RSI value for PKX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.24 | NEGATIVE | The MACD value suggests PKX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 16.84 | OVERSOLD | The low Stochastics value suggests PKX may be oversold. |
| Average True Range in percent/ATR (20) | 2.31 | MEDIUM VOLATILITY | The ATR as a percentage value for PKX suggests some volalility. |
| Average Directional Index/ADX (14) | 9.4 | NEGATIVE | The low ADX value for PKX suggests a weak or negative trend. |
52.05
+0.19 (+0.37%)
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 4 / 10 to PKX.
What is the current trend direction of POSCO HOLDINGS INC -SPON ADR (PKX) stock?
The current trend direction for POSCO HOLDINGS INC -SPON ADR (PKX) is Bearish.
What is the RSI signal for POSCO HOLDINGS INC -SPON ADR (PKX) stock?
POSCO HOLDINGS INC -SPON ADR (PKX) has an RSI value of 45.3142. This indicates that the stock is currently neutral.
What are the support and resistance levels for POSCO HOLDINGS INC -SPON ADR (PKX) stock?
POSCO HOLDINGS INC -SPON ADR (PKX) has a support level at 51.94 and a resistance level at 52.42. Check the full technical report for our detailed analysis of PKX support and resistance levels.