PNE3 Technical Analysis - PNE AG

Technical Rating and Analysis

Overall PNE3 gets a technical rating of 1 out of 10. PNE3 has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

When comparing the performance of all stocks over the past year, PNE3 turns out to be only a medium performer in the overall market: it outperformed 48% of all stocks.

PNE3 is part of the Electrical Equipment industry. There are 63 other stocks in this industry, PNE3 did better than 64% of them.

PNE3 is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PNE3 is lagging the market.

In the last month PNE3 has a been trading in a tight range between 13.60 and 14.26.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

The technical rating of PNE3 is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

13.14

15.64

We can see 3 important resistance areas.

A resistance zone ranging from 13.59 to 13.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 14.30 to 14.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 15.41 to 15.49. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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	DOWN	NEGATIVE	The long term trend for PNE3.DE is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for PNE3.DE is down.
ChartMill Relative Strength	48.67	NEUTRAL	PNE3.DE is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of PNE3.DE is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of PNE3.DE is below a declining SMA(50).
Simple Moving Average/SMA (200)	UP	MIXED	The current price of PNE3.DE is below the rising SMA(200).
Relative Strength Index/RSI (14)	23	OVERSOLD	The low RSI value suggests PNE3.DE may be oversold.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.02	POSITIVE	The MACD value suggests PNE3.DE has a positive trend, although the MACD value is declining.
Stochastics (14,3)	7.25	OVERSOLD	The low Stochastics value suggests PNE3.DE may be oversold.
Average True Range in percent/ATR (20)	0.89	LOW VOLATILITY	The low ATR as a percentage value for PNE3.DE suggests low volalility.
Average Directional Index/ADX (14)	32.93	POSITIVE	The high ADX value value for PNE3.DE suggests a strong trend.