PILGRIM'S PRIDE CORP (PPC) Stock Technical Analysis
NASDAQ:PPC - Nasdaq - US72147K1088 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to PPC. PPC scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
65% of all other stocks performed better in the past year than PPC.
PPC is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
PPC has an average volume of 1291790 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
PPC is an average performer in the Food Products industry, it outperforms 66% of 91 stocks in the same industry.
PPC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PPC is lagging the market.
Although the technical rating is bad, PPC does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 45.00, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for PPC in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
44.09
56.49
When analyzing the support we notice one important area.
- A support zone ranging from 44.54 to 45.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 5 important resistance areas.
- Resistance @48.12 from a horizontal line in the daily time frame.
- Resistance @49.61 from a horizontal line in the weekly time frame.
- Resistance @51.22 from a horizontal line in the daily time frame.
- Resistance @53.82 from a horizontal line in the weekly time frame.
- Resistance @55.93 from a horizontal 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 PPC is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PPC is down. |
| ChartMill Relative Strength | 35.89 | NEUTRAL | PPC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PPC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PPC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of PPC is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.23 | NEUTRAL | The RSI value for PPC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests PPC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 35.74 | NEUTRAL | The Stochastics value for PPC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.38 | MEDIUM VOLATILITY | The ATR as a percentage value for PPC suggests some volalility. |
| Average Directional Index/ADX (14) | 21.26 | NEUTRAL | The ADX value for PPC suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
45.06
+0.17 (+0.38%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryFood Products
Performance
% Chg0.38%
1 Week-1.81%
2 Weeks1.14%
1 Month-0.11%
3 Month-14.68%
6 Month-1.94%
12 Month18.33%
2 Year81.91%
3 Year43.64%
5 Year193.55%
10 Year108.23%
15 Year557.81%
Volatility
ATR(14)1.06
ATR(20)%2.38%
ATR Inc-25.49%
Range Today0.8
ADR(20)1.06
ADR(20)%2.35%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS35.89
Mansfield-1.26
10 Day High46.19
10 Day Low44.04
20 Day High46.98
20 Day Low44.04
52 Week High57.16
52 Week Low38.13
CS1 End45
CR1 Start48.12
Volume & EV
DER(3)3.16%
DER(5)3.04%
Volume863.70K
Volume Incr-2.15%
Vol(5)1.19M
Vol(50)1.29M