PowerShares Dynamic Retail ETF (PMR) Stock Technical Analysis
NYSEARCA:PMR - NYSE Arca -
We assign a technical rating of 4 out of 10 to PMR. PMR has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
Although the technical rating is only medium, PMR does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 41.39. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 41.22, a Stop Loss order could be placed below this zone.
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38.97
When analyzing the support we can see 2 important areas.
- A support zone ranging from 40.40 to 41.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 39.36 to 39.36. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 41.39 to 42.72. 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 PMR is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PMR is neutral. |
| ChartMill Relative Strength | 55.78 | NEUTRAL | PMR is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PMR is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PMR is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PMR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.46 | NEUTRAL | The RSI value for PMR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests PMR has a positive trend. |
| Stochastics (14,3) | 69.26 | NEUTRAL | The Stochastics value for PMR is a neutral value. |
| Average True Range in percent/ATR (20) | 0.98 | LOW VOLATILITY | The low ATR as a percentage value for PMR suggests low volalility. |
PowerShares Dynamic Retail ETF
NYSEARCA:PMR (2/14/2020, 8:04:06 PM)
41.3696
+0.04 (+0.11%)