PILGRIM'S PRIDE CORP (PPC) Stock Technical Analysis
NASDAQ:PPC - Nasdaq - US72147K1088 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to PPC. Although PPC is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
In the last month PPC has a been trading in the 44.60 - 51.45 range, which is quite wide. It is currently trading near the lows of this range.
Looking at the yearly performance, PPC did better than 78% of all other stocks.
PPC is part of the Food Products industry. There are 89 other stocks in this industry. PPC outperforms 79% of them.
PPC has an average volume of 1293870 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
PPC is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so PPC is lagging the market slightly.
PPC has a poor technical rating and the quality of the setup is also not perfect 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
44.13
56.49
We found 2 important support areas.
- Support @46.13 from a horizontal line in the weekly time frame.
- A support zone ranging from 44.58 to 45.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
5 important resistance areas can be observed.
- A resistance zone ranging from 48.11 to 48.19. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 49.00 to 49.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 | NEUTRAL | NEUTRAL | The long term trend for PPC is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PPC is down. |
| ChartMill Relative Strength | 78.73 | POSITIVE | PPC has a high relative strength, it outperformed 78.73% off all stocks 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) | 40.22 | NEUTRAL | The RSI value for PPC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests PPC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 20.23 | NEUTRAL | The Stochastics value for PPC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.89 | MEDIUM VOLATILITY | The ATR as a percentage value for PPC suggests some volalility. |
| Average Directional Index/ADX (14) | 23.93 | 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)
46.14
+0.39 (+0.85%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryFood Products
Performance
% Chg0.85%
1 Week-1.77%
2 Weeks-6.14%
1 Month-2.41%
3 Month-7.01%
6 Month-7.65%
12 Month32.66%
2 Year114.7%
3 Year47.74%
5 Year173.18%
10 Year100.87%
15 Year602.28%
Volatility
ATR(14)1.24
ATR(20)%2.89%
ATR Inc3.81%
Range Today1.73
ADR(20)1.27
ADR(20)%2.76%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS78.73
Mansfield-0.61
10 Day High49.64
10 Day Low44.6
20 Day High51.45
20 Day Low44.6
52 Week High57.16
52 Week Low34.47
CS1 End46.13
CR1 Start48.11
Volume & EV
DER(3)1.35%
DER(5)0.11%
Volume941.30K
Volume Incr12.31%
Vol(5)1.26M
Vol(50)1.29M