PNG Technical Analysis - KRAKEN ROBOTICS INC

Technical Rating and Analysis

We assign a technical rating of 10 out of 10 to PNG. Both in the recent history as in the last year, PNG has proven to be a steady performer, scoring decent points in every aspect analyzed.

The long and short term trends are both positive. This is looking good!

Looking at the yearly performance, PNG did better than 92% of all other stocks. We also observe that the gains produced by PNG over the past year are nicely spread over this period.

PNG is part of the Electronic Equipment, Instruments & Components industry. There are 13 other stocks in this industry. PNG outperforms 83% of them.

A new 52 week high is currently being made by PNG, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.

In the last month PNG has a been trading in the 3.40 - 5.02 range, which is quite wide. It is currently trading near the high of this range.

PNG has an average volume of 1062170 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

KRAKEN ROBOTICS INC / PNG Weekly stock chart

KRAKEN ROBOTICS INC / PNG Daily stock chart

Setup Rating and Analysis

Although PNG has an excellent technical rating, it does not present a decent entry opportunity 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

3.32

4.97

We found 2 important support areas.

Support @3.68 from a trend line in the daily time frame.
Support @3.35 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	UP	POSITIVE	The long term trend for PNG.CA is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for PNG.CA is up.
ChartMill Relative Strength	92.38	POSITIVE	PNG.CA has a high relative strength, it outperformed 92.38% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of PNG.CA is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of PNG.CA is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of PNG.CA is above the rising SMA(200).
Relative Strength Index/RSI (14)	74.78	OVERBOUGHT	The high RSI value suggests PNG.CA may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.03	POSITIVE	The MACD value suggests PNG.CA has a positive trend.
Stochastics (14,3)	88.62	OVERBOUGHT	The high Stochastics value suggests PNG.CA may be overbought.
Average True Range in percent/ATR (20)	4.64	MEDIUM VOLATILITY	The ATR as a percentage value for PNG.CA suggests some volalility.
Average Directional Index/ADX (14)	33.51	POSITIVE	The high ADX value value for PNG.CA suggests a strong trend.