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 7 out of 10. Although PKX is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
PKX is part of the Metals & Mining industry. There are 156 other stocks in this industry, of which 64% are performing better than PKX.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the performance of all stocks over the past year, PKX turns out to be only a medium performer in the overall market: it outperformed 60% of all stocks.
PKX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PKX is lagging the market.
In the last month PKX has a been trading in the 51.16 - 61.24 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although PKX has an excellent technical rating, the quality of the presented setup is not ideal 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
44.16
60.68
When analyzing the support we can see 2 important areas.
- A support zone ranging from 51.93 to 54.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 44.61 to 45.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @58.79 from a trend line in the weekly time frame.
- Resistance @60.08 from a horizontal line in the weekly 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 PKX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PKX is up. |
| ChartMill Relative Strength | 60.33 | NEUTRAL | PKX is not amongst the best or worst performers 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 | POSITIVE | The current price of PKX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of PKX is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.55 | NEUTRAL | The RSI value for PKX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests PKX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 58.57 | NEUTRAL | The Stochastics value for PKX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.72 | MEDIUM VOLATILITY | The ATR as a percentage value for PKX suggests some volalility. |
| Average Directional Index/ADX (14) | 15.23 | NEGATIVE | The low ADX value for PKX suggests a weak or negative 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 56.42 | 51.94 | 4.48 (7.94%) | 12.59% |
| An entry @56.42. This is a Buy Stop order right above the 10 day high. | An exit @51.94. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 4.48 points, which is 7.94%. | For a 1.00% total portfolio risk, you can invest 12.59% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
55.26
+0.31 (+0.56%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0.56%
1 Week2.96%
2 Weeks6.39%
1 Month-0.63%
3 Month24.63%
6 Month29.35%
12 Month-9.96%
2 Year-49.65%
3 Year17.52%
5 Year43.01%
10 Year36.78%
15 Year-45.27%
Volatility
ATR(14)1.27
ATR(20)%2.72%
ATR Inc0.91%
Range Today0.9
ADR(20)0.86
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
CRS60.33
Mansfield-0.36
10 Day High56.41
10 Day Low51.95
20 Day High61.24
20 Day Low51.16
52 Week High74.01
52 Week Low39.4
CS1 End54.52
CR1 Start58.79
Volume & EV
DER(3)-3.69%
DER(5)-1.13%
Volume92.51K
Volume Incr-32.84%
Vol(5)88.93K
Vol(50)151.15K