POSCO HOLDINGS INC -SPON ADR (PKX) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:PKX • US6934831099
Taking everything into account, PKX scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, PKX has proven to be a steady performer, scoring decent points in every aspect analyzed.
- PKX is part of the Metals & Mining industry. There are 157 other stocks in this industry, of which 69% are performing better than PKX.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, PKX did better than 88% of all other stocks. We also observe that the gains produced by PKX over the past year are nicely spread over this period.
- 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 55.15 - 65.49 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
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
47.07
When analyzing the support we can see 6 important areas.
- Support @63.54 from a trend line in the daily time frame.
- A support zone ranging from 59.31 to 59.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @55.71 from a trend line in the weekly time frame.
- Support @53.78 from a trend line in the daily time frame.
- A support zone ranging from 51.78 to 51.94. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @47.55 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 65.33 to 65.33. 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 | 88.86 | POSITIVE | PKX has a high relative strength, it outperformed 88.86% 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) | 65.44 | NEUTRAL | The RSI value for PKX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests PKX has a positive trend. |
| Stochastics (14,3) | 80.68 | OVERBOUGHT | The high Stochastics value suggests PKX may be overbought. |
| Average True Range in percent/ATR (20) | 3.26 | MEDIUM VOLATILITY | The ATR as a percentage value for PKX suggests some volalility. |
| Average Directional Index/ADX (14) | 26.12 | POSITIVE | The high ADX value value for PKX suggests a strong trend. |
65.32
+1.59 (+2.49%)
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 10 / 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 65.4361. 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 0.0963442, 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.