SKYCORP SOLAR GROUP LTD (PN) Stock Technical Analysis
USA - NASDAQ:PN - KYG8221K1123 - Common Stock
Taking everything into account, PN scores 0 out of 10 in our technical rating. PN's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, PN does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 0.70. Right above this resistance zone may be a good entry point.
More info and screens
0.64
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 0.70 to 0.72. 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 PN is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PN is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | PN has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PN is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 40.12 | NEUTRAL | The RSI value for PN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests PN has a positive trend. |
| Stochastics (14,3) | 19.6 | OVERSOLD | The low Stochastics value suggests PN may be oversold. |
| Average True Range in percent/ATR (20) | 7.36 | HIGH VOLATILITY | The high ATR as a percentage value for PN suggests high volalility. |
| Average Directional Index/ADX (14) | 9.24 | NEGATIVE | The low ADX value for PN suggests a weak or negative trend. |
0.65
0 (0%)
SKYCORP SOLAR GROUP LTD / PN FAQ
What is the ChartMill technical rating of SKYCORP SOLAR GROUP LTD (PN) stock?
ChartMill assigns a technical rating of 0 / 10 to PN.
Can you provide the trend direction for SKYCORP SOLAR GROUP LTD?
The current trend direction for SKYCORP SOLAR GROUP LTD (PN) is Bearish.
Can you provide the RSI signal for SKYCORP SOLAR GROUP LTD?
SKYCORP SOLAR GROUP LTD (PN) has an RSI value of 40.1205. This indicates that the stock is currently neutral.
What is the short term momentum for SKYCORP SOLAR GROUP LTD (PN) stock?
The short term momentum for SKYCORP SOLAR GROUP LTD (PN) is negative.
What is the buy/sell signal for SKYCORP SOLAR GROUP LTD (PN) stock?
The buy/sell signal for SKYCORP SOLAR GROUP LTD (PN) is sell as both the short term and long term trends are negative.