PRIVETERRA ACQUISITION CORP (PMGM) Stock Technical Analysis
USA - NASDAQ:PMGM - US8765451047 - Common Stock
We assign a technical rating of 7 out of 10 to PMGM. Although PMGM is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although PMGM 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.
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10.70
When analyzing the support we notice one important area.
- A support zone ranging from 10.81 to 11.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 11.06 to 11.06. 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 | UP | POSITIVE | The long term trend for PMGM is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PMGM is up. |
| ChartMill Relative Strength | 52.44 | NEUTRAL | PMGM is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of PMGM is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PMGM is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PMGM is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.75 | NEUTRAL | The RSI value for PMGM is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests PMGM has a negative trend. |
| Stochastics (14,3) | 57.58 | NEUTRAL | The Stochastics value for PMGM is a neutral value. |
| Average True Range in percent/ATR (20) | 0.27 | LOW VOLATILITY | The low ATR as a percentage value for PMGM suggests low volalility. |
| Average Directional Index/ADX (14) | 55.8 | POSITIVE | The high ADX value value for PMGM suggests a strong trend. |
NASDAQ:PMGM (5/9/2024, 8:12:42 PM)
11.05
-0.04 (-0.36%)
PRIVETERRA ACQUISITION CORP / PMGM FAQ
Can you provide the ChartMill technical rating for PRIVETERRA ACQUISITION CORP?
ChartMill assigns a technical rating of 7 / 10 to PMGM.
What is the trend direction for PMGM stock?
The current trend direction for PRIVETERRA ACQUISITION CORP (PMGM) is Bullish.
Can you provide the RSI signal for PRIVETERRA ACQUISITION CORP?
PRIVETERRA ACQUISITION CORP (PMGM) has an RSI value of 56.7535. This indicates that the stock is currently neutral.
What is the buy/sell signal for PRIVETERRA ACQUISITION CORP (PMGM) stock?
The buy/sell signal for PRIVETERRA ACQUISITION CORP (PMGM) is buy as both the short term and long term trends are positive.
What is the support and resistance level for PMGM stock?
PRIVETERRA ACQUISITION CORP (PMGM) has a support level at 11.03 and a resistance level at 11.06. Check the full technical report for our detailed analysis of PMGM support and resistance levels.