PNE3 Technical Analysis - PNE AG

Technical Rating and Analysis

Taking everything into account, PNE3 scores 0 out of 10 in our technical rating. PNE3 scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

When comparing the yearly performance of all stocks, PNE3 is a bad performer in the overall market: 92% of all stocks are doing better.

PNE3 is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

In the last month PNE3 has a been trading in the 10.90 - 13.76 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.

PNE3 is an average performer in the Electrical Equipment industry, it outperforms 42% of 64 stocks in the same industry.

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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

10.72

15.63

We can see 3 important resistance areas.

A resistance zone ranging from 12.70 to 12.82. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Resistance @14.33 from a trend line in the daily time frame.
Resistance @15.48 from a horizontal line in the daily time frame.

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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	8.13	NEGATIVE	PNE3.DE has a low relative strength, it was outperformed by 91.87% off all stocks 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)	DOWN	NEGATIVE	The current price of PNE3.DE is below a declining SMA(200).
Relative Strength Index/RSI (14)	18.95	OVERSOLD	The low RSI value suggests PNE3.DE may be oversold.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.17	NEGATIVE	The MACD value suggests PNE3.DE has a negative trend.
Stochastics (14,3)	8.42	OVERSOLD	The low Stochastics value suggests PNE3.DE may be oversold.
Average True Range in percent/ATR (20)	4.64	MEDIUM VOLATILITY	The ATR as a percentage value for PNE3.DE suggests some volalility.
Average Directional Index/ADX (14)	53.23	POSITIVE	The high ADX value value for PNE3.DE suggests a strong trend.