PONY Technical Analysis - PONY AI INC

Technical Rating and Analysis

Overall PONY gets a technical rating of 7 out of 10. Although PONY is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.

100% of all other stocks performed better in the past year than PONY.

PONY is one of the lesser performing stocks in the Software industry. 90% of 281 stocks in the same industry do better.

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

In the last month PONY has a been trading in the 14.88 - 24.92 range, which is quite wide. It is currently trading near the high of this range.

PONY has an average volume of 7334620 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

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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

Although PONY has an excellent technical rating, the quality of the presented setup is not ideal 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

14.53

23.91

We found 3 important support areas.

Support @21.60 from a horizontal line in the daily time frame.
Support @16.06 from a trend line in the daily time frame.
Support @14.68 from a trend line in the daily time frame.

We found 1 important resistance area.

A resistance zone ranging from 23.61 to 23.67. This zone is formed by a combination of multiple trend lines in multiple time frames.

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Support and Resistance indicators

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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 PONY is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for PONY is up.
ChartMill Relative Strength	0	NEGATIVE	PONY has a low relative strength, it was outperformed by 100% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of PONY is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of PONY is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of PONY is above the rising SMA(200).
Relative Strength Index/RSI (14)	68.15	NEUTRAL	The RSI value for PONY is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.06	POSITIVE	The MACD value suggests PONY has a positive trend, although the MACD value is declining.
Stochastics (14,3)	74.01	NEUTRAL	The Stochastics value for PONY is a neutral value.
Average True Range in percent/ATR (20)	7.17	HIGH VOLATILITY	The high ATR as a percentage value for PONY suggests high volalility.
Average Directional Index/ADX (14)	37.32	POSITIVE	The high ADX value value for PONY suggests a strong trend.