POWELL MAX LTD-CL A (PMAX) Technical Analysis
NASDAQ:PMAX • VGG7200G1182
We assign a technical rating of 0 out of 10 to PMAX. PMAX 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 short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, PMAX is a bad performer in the overall market: 97% of all stocks are doing better.
- PMAX is part of the Capital Markets industry. There are 238 other stocks in this industry, of which 86% are performing better than PMAX.
- PMAX is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52 week range, so PMAX is lagging the market.
- In the last month PMAX has a been trading in the 1.12 - 2.81 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Considerably lower volume is observed in the last couple of days.
The technical rating of PMAX is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
1.22
2 important resistance areas can be observed.
- A resistance zone ranging from 2.03 to 2.06. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @2.92 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 | DOWN | NEGATIVE | The long term trend for PMAX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PMAX is down. |
| ChartMill Relative Strength | 3.39 | NEGATIVE | PMAX has a low relative strength, it was outperformed by 96.61% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PMAX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PMAX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PMAX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 20.94 | OVERSOLD | The low RSI value suggests PMAX may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests PMAX has a negative trend. |
| Stochastics (14,3) | 9.65 | OVERSOLD | The low Stochastics value suggests PMAX may be oversold. |
| Average True Range in percent/ATR (20) | 18.07 | HIGH VOLATILITY | The high ATR as a percentage value for PMAX suggests high volalility. |
| Average Directional Index/ADX (14) | 21.68 | NEUTRAL | The ADX value for PMAX suggests a possible start of a new trend. |
PMAX Technicals: Chart, Performance Metrics, Trend & Indicators
1.23
-0.63 (-33.87%)
POWELL MAX LTD-CL A / PMAX FAQ
What is the technical rating for PMAX stock?
ChartMill assigns a technical rating of 0 / 10 to PMAX.
Can you provide the trend direction for POWELL MAX LTD-CL A?
The current trend direction for POWELL MAX LTD-CL A (PMAX) is Bearish.
What is the RSI signal for PMAX stock?
POWELL MAX LTD-CL A (PMAX) has an RSI value of 20.9382. This indicates that the stock is currently oversold.
What is the MACD signal for POWELL MAX LTD-CL A (PMAX) stock?
The MACD indicator for POWELL MAX LTD-CL A (PMAX) has a value of -0.0998344, indicating a bearish trend.
What is the buy/sell signal for PMAX stock?
The buy/sell signal for POWELL MAX LTD-CL A (PMAX) is sell as both the short term and long term trends are negative.