PREMIUM NICKEL RESOURCES LTD (PNRL.CA) Stock Technical Analysis
TSX-V:PNRL • CA74061J1093
We assign a technical rating of 0 out of 10 to PNRL. PNRL'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.
- 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, PNRL is a bad performer in the overall market: 94% of all stocks are doing better.
- PNRL is one of the lesser performing stocks in the Metals & Mining industry. 92% of 807 stocks in the same industry do better.
- PNRL is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month PNRL has a been trading in the 0.43 - 0.62 range, which is quite wide. It is currently trading near the lows of this range.
The technical rating of PNRL is bad and it also does not present a 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
0.49
3 important resistance areas can be observed.
- A resistance zone ranging from 0.51 to 0.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 0.65 to 0.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @0.67 from a trend line in the daily time frame.
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 PNRL.CA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PNRL.CA is down. |
| ChartMill Relative Strength | 6.37 | NEGATIVE | PNRL.CA has a low relative strength, it was outperformed by 93.63% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PNRL.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PNRL.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PNRL.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 41.48 | NEUTRAL | The RSI value for PNRL.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests PNRL.CA has a positive trend. |
| Stochastics (14,3) | 35.35 | NEUTRAL | The Stochastics value for PNRL.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 7.12 | HIGH VOLATILITY | The high ATR as a percentage value for PNRL.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 38.96 | POSITIVE | The high ADX value value for PNRL.CA suggests a strong trend. |
TSX-V:PNRL (11/22/2024, 7:00:00 PM)
0.495
+0.03 (+5.32%)
PREMIUM NICKEL RESOURCES LTD / PNRL.CA FAQ
What is the technical rating for PNRL stock?
ChartMill assigns a technical rating of 0 / 10 to PNRL.CA.
What is the current trend direction of PREMIUM NICKEL RESOURCES LTD (PNRL.CA) stock?
The current trend direction for PREMIUM NICKEL RESOURCES LTD (PNRL.CA) is Bearish.
What is the RSI signal for PNRL stock?
PREMIUM NICKEL RESOURCES LTD (PNRL.CA) has an RSI value of 41.4812. This indicates that the stock is currently neutral.
What is the MACD signal for PREMIUM NICKEL RESOURCES LTD (PNRL.CA) stock?
The MACD indicator for PREMIUM NICKEL RESOURCES LTD (PNRL.CA) has a value of 0.00431619, indicating a bearish trend.
Can you provide the buy/sell signal for PREMIUM NICKEL RESOURCES LTD?
The buy/sell signal for PREMIUM NICKEL RESOURCES LTD (PNRL.CA) is sell as both the short term and long term trends are negative.