Taking everything into account, PMNT scores 0 out of 10 in our technical rating. PMNT 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.
- 96% of all other stocks performed better in the past year than PMNT.
- PMNT is one of the lesser performing stocks in the Textiles, Apparel & Luxury Goods industry. 93% of 45 stocks in the same industry do better.
- PMNT is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month PMNT has a been trading in the 0.27 - 0.44 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.
The technical rating of PMNT 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
0.28
When analyzing the resistance we notice 5 important areas.
- Resistance @0.35 from a trend line in the weekly time frame.
- A resistance zone ranging from 0.42 to 0.42. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @0.45 from a trend line in the daily time frame.
- Resistance @0.48 from a trend line in the weekly time frame.
- A resistance zone ranging from 0.51 to 0.51. This zone is formed by a combination of multiple trend lines 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 PMNT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PMNT is down. |
| ChartMill Relative Strength | 4.18 | NEGATIVE | PMNT has a low relative strength, it was outperformed by 95.82% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PMNT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PMNT is below a declining 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) | 21.26 | OVERSOLD | The low RSI value suggests PMNT may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests PMNT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 9.78 | OVERSOLD | The low Stochastics value suggests PMNT may be oversold. |
| Average True Range in percent/ATR (20) | 6.99 | HIGH VOLATILITY | The high ATR as a percentage value for PMNT suggests high volalility. |
| Average Directional Index/ADX (14) | 38.03 | POSITIVE | The high ADX value value for PMNT suggests a strong trend. |
0.2875
0 (-0.86%)
PERFECT MOMENT LTD / PMNT FAQ
What is the ChartMill technical rating of PERFECT MOMENT LTD (PMNT) stock?
ChartMill assigns a technical rating of 0 / 10 to PMNT.
What is the trend direction for PMNT stock?
The current trend direction for PERFECT MOMENT LTD (PMNT) is Bearish.
Can you provide the RSI signal for PERFECT MOMENT LTD?
PERFECT MOMENT LTD (PMNT) has an RSI value of 21.2571. This indicates that the stock is currently oversold.
What is the short term momentum for PMNT stock?
The short term momentum for PERFECT MOMENT LTD (PMNT) is negative.
What are the support and resistance levels for PERFECT MOMENT LTD (PMNT) stock?
PERFECT MOMENT LTD (PMNT) has a resistance level at 0.35. Check the full technical report for our detailed analysis of PMNT support and resistance levels.