PINGTAN MARINE ENTERPRISE LT (PME) Stock Technical Analysis
NASDAQ:PME - Nasdaq - KYG7114V1023 - Common Stock - Currency: USD
Taking everything into account, PME scores 0 out of 10 in our technical rating. PME's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, PME is a bad performer in the overall market: 98% of all stocks are doing better.
PME is part of the Food Products industry. There are 91 other stocks in this industry, of which 87% are performing better than PME.
PME is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
Warning: PME has an average volume of 27056 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
In the last month PME has a been trading in the 0.00 - 0.69 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.
The technical rating of PME is bad and it also does not present a quality setup 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
0.27
0.48
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 0.48 to 0.48. This zone is formed by a combination of multiple trend lines and important moving averages 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 PME is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PME is down. |
| ChartMill Relative Strength | 2.42 | NEGATIVE | PME has a low relative strength, it was outperformed by 97.58% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PME is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PME is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PME is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 36.93 | NEUTRAL | The RSI value for PME is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests PME has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 62.37 | NEUTRAL | The Stochastics value for PME is a neutral value. |
| Average True Range in percent/ATR (20) | 37.72 | HIGH VOLATILITY | The high ATR as a percentage value for PME suggests high volalility. |
| Average Directional Index/ADX (14) | 44.97 | POSITIVE | The high ADX value value for PME suggests a strong 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)
NASDAQ:PME (2/28/2023, 8:00:00 PM)
0.27
-0.02 (-6.9%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryFood Products
Performance
% Chg-6.9%
1 Week-19.33%
2 Weeks-32.5%
1 Month-59.28%
3 Month-68.97%
6 Month-73.79%
12 Month-58.17%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.05
ATR(20)%37.72%
ATR Inc-82.93%
Range Today0.02
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS2.42
Mansfield-6.34
10 Day High0.37
10 Day Low0.23
20 Day High0.69
20 Day Low0
52 Week High1.12
52 Week Low0
CS1 EndN/A
CR1 Start0.48
Volume & EV
DER(3)0%
DER(5)-3.48%
Volume2.30K
Volume Incr-84.12%
Vol(5)1.96K
Vol(50)27.06K