SKYCORP SOLAR GROUP LTD (PN) Technical Analysis
NASDAQ:PN • KYG8221K1123
Current stock price
PN Technical Rating and Analysis
Taking everything into account, PN scores 6 out of 10 in our technical rating. In the last year, PN was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- When comparing the yearly performance of all stocks, PN is a bad performer in the overall market: 88% of all stocks are doing better.
- PN is one of the lesser performing stocks in the Electrical Equipment industry. 75% of 92 stocks in the same industry do better.
- PN 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 PN is lagging the market.
- Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- In the last month PN has a been trading in the 0.44 - 0.92 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
PN Weekly and Daily overview Charts
PN Setup Rating and Analysis
PN has an average technical rating and it also does not offer a high 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
PN Support and Resistance Analysis
0.54
When analyzing the support we notice one important area.
- Support @0.55 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 0.85 to 0.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
PN 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 | NEUTRAL | NEUTRAL | The long term trend for PN is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PN is up. |
| ChartMill Relative Strength | 12.55 | NEGATIVE | PN has a low relative strength, it was outperformed by 87.45% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 79.99 | OVERBOUGHT | The high RSI value suggests PN may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests PN has a positive trend. |
| Stochastics (14,3) | 90.39 | OVERBOUGHT | The high Stochastics value suggests PN may be overbought. |
| Average True Range in percent/ATR (20) | 10.53 | HIGH VOLATILITY | The high ATR as a percentage value for PN suggests high volalility. |
| Average Directional Index/ADX (14) | 41.54 | POSITIVE | The high ADX value value for PN suggests a strong trend. |
PN Chart- and CandleStick Pattern Analysis
PN Technicals: Chart, Performance Metrics, Trend & Indicators
0.8498
+0.03 (+3.68%)
SKYCORP SOLAR GROUP LTD / PN TA FAQ
What is the ChartMill technical rating of SKYCORP SOLAR GROUP LTD (PN) stock?
ChartMill assigns a technical rating of 6 / 10 to PN.
What is the current trend direction of SKYCORP SOLAR GROUP LTD (PN) stock?
The current trend direction for SKYCORP SOLAR GROUP LTD (PN) is Bearish.
What is the RSI signal for SKYCORP SOLAR GROUP LTD (PN) stock?
SKYCORP SOLAR GROUP LTD (PN) has an RSI value of 79.9901. This indicates that the stock is currently overbought.
Can you provide the short term momentum for SKYCORP SOLAR GROUP LTD?
The short term momentum for SKYCORP SOLAR GROUP LTD (PN) is positive.
Can you provide the support and resistance levels for SKYCORP SOLAR GROUP LTD?
SKYCORP SOLAR GROUP LTD (PN) has a support level at 0.55 and a resistance level at 0.85. Check the full technical report for our detailed analysis of PN support and resistance levels.