PINGTAN MARINE ENTERPRISE LT (PME) Technical Analysis
NASDAQ:PME • KYG7114V1023
Current stock price
PME Technical Rating and Analysis
Overall PME gets a technical rating of 0 out of 10. PME 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, PME is a bad performer in the overall market: 98% of all stocks are doing better.
- PME is one of the lesser performing stocks in the Food Products industry. 91% of 87 stocks in the same industry do better.
- PME is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so PME is lagging the market.
- 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.
PME Weekly and Daily overview Charts
PME Setup Rating and Analysis
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
PME Support and Resistance Analysis
0.27
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.
PME Technical Indicator Signal Analysis
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. |
PME Chart- and CandleStick Pattern Analysis
PME Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:PME (2/28/2023, 8:00:00 PM)
0.27
-0.02 (-6.9%)
PINGTAN MARINE ENTERPRISE LT / PME TA FAQ
What is the technical rating for PME stock?
ChartMill assigns a technical rating of 0 / 10 to PME.
What is the current trend direction of PINGTAN MARINE ENTERPRISE LT (PME) stock?
The current trend direction for PINGTAN MARINE ENTERPRISE LT (PME) is Bearish.
Can you provide the RSI signal for PINGTAN MARINE ENTERPRISE LT?
PINGTAN MARINE ENTERPRISE LT (PME) has an RSI value of 36.9346. This indicates that the stock is currently neutral.
What is the short term momentum for PME stock?
The short term momentum for PINGTAN MARINE ENTERPRISE LT (PME) is negative.
What are the support and resistance levels for PINGTAN MARINE ENTERPRISE LT (PME) stock?
PINGTAN MARINE ENTERPRISE LT (PME) has a resistance level at 0.48. Check the full technical report for our detailed analysis of PME support and resistance levels.