PERFECT MOMENT LTD (PMNT) Stock Technical Analysis
USA - NYSEARCA:PMNT - US7137151004 - Common Stock
0.49 USD
+0.01 (+1.91%)
0.4848 USD
-0.01 (-1.06%)
Taking everything into account, PMNT scores 4 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. PMNT was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, PMNT is a bad performer in the overall market: 89% of all stocks are doing better.
PMNT is one of the lesser performing stocks in the Textiles, Apparel & Luxury Goods industry. 68% of 48 stocks in the same industry do better.
PMNT 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.
PMNT has an average volume of 7545260 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
In the last month PMNT has a been trading in the 0.40 - 0.53 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 the technical rating is only medium, PMNT does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
0.32
0.89
5 important support areas can be observed.
- Support @0.49 from a trend line in the daily time frame.
- Support @0.48 from a trend line in the daily time frame.
- A support zone ranging from 0.47 to 0.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.42 from a horizontal line in the daily time frame.
- A support zone ranging from 0.32 to 0.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- Resistance @0.51 from a horizontal line in the daily time frame.
- Resistance @0.56 from a horizontal line in the weekly time frame.
- Resistance @0.88 from a trend 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 | DOWN | NEGATIVE | The long term trend for PMNT is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PMNT is up. |
| ChartMill Relative Strength | 11.02 | NEGATIVE | PMNT has a low relative strength, it was outperformed by 88.98% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PMNT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PMNT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PMNT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57 | NEUTRAL | The RSI value for PMNT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests PMNT has a negative trend. |
| Stochastics (14,3) | 71.25 | NEUTRAL | The Stochastics value for PMNT is a neutral value. |
| Average True Range in percent/ATR (20) | 8.05 | HIGH VOLATILITY | The high ATR as a percentage value for PMNT suggests high volalility. |
| Average Directional Index/ADX (14) | 30.34 | POSITIVE | The high ADX value value for PMNT 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)
0.49
+0.01 (+1.91%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryTextiles, Apparel & Luxury Goods
Performance
% Chg1.91%
1 Week5.31%
2 Weeks11.09%
1 Month2.06%
3 Month19.51%
6 Month-56.64%
12 Month-55.5%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.03
ATR(20)%8.05%
ATR Inc-13.79%
Range Today0.03
ADR(20)0.04
ADR(20)%7.9%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS11.02
Mansfield-4.63
10 Day High0.52
10 Day Low0.4
20 Day High0.53
20 Day Low0.4
52 Week High1.6
52 Week Low0.22
CS1 End0.49
CR1 Start0.51
Volume & EV
DER(3)-5.4%
DER(5)-0.72%
Volume131.90K
Volume Incr-98.46%
Vol(5)265.32K
Vol(50)7.55M