PILGRIM'S PRIDE CORP (PPC) Stock Technical Analysis
NASDAQ:PPC • US72147K1088
We assign a technical rating of 5 out of 10 to PPC. In the last year, PPC was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- When comparing the yearly performance of all stocks, PPC is a bad performer in the overall market: 70% of all stocks are doing better.
- PPC is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- PPC is part of the Food Products industry. There are 87 other stocks in this industry, PPC did better than 51% of them.
- 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.
PPC has an average technical rating and also the quality of the setup is only medium 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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36.67
When analyzing the support we can see 3 important areas.
- A support zone ranging from 42.79 to 43.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @39.74 from a trend line in the weekly time frame.
- A support zone ranging from 37.04 to 38.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 43.38 to 43.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The short term trend for PPC is neutral. |
| ChartMill Relative Strength | 30.94 | NEUTRAL | PPC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PPC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PPC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of PPC is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.66 | NEUTRAL | The RSI value for PPC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests PPC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 49.87 | NEUTRAL | The Stochastics value for PPC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.52 | MEDIUM VOLATILITY | The ATR as a percentage value for PPC suggests some volalility. |
| Average Directional Index/ADX (14) | 33.31 | POSITIVE | The high ADX value value for PPC suggests a strong trend. |
43.32
+1.67 (+4.01%)
PILGRIM'S PRIDE CORP / PPC FAQ
What is the ChartMill technical rating of PILGRIM'S PRIDE CORP (PPC) stock?
ChartMill assigns a technical rating of 5 / 10 to PPC.
What is the trend direction for PPC stock?
The current trend direction for PILGRIM'S PRIDE CORP (PPC) is Bearish.
What is the RSI signal for PILGRIM'S PRIDE CORP (PPC) stock?
PILGRIM'S PRIDE CORP (PPC) has an RSI value of 58.662. This indicates that the stock is currently neutral.
What is the MACD signal for PPC stock?
The MACD indicator for PILGRIM'S PRIDE CORP (PPC) has a value of -0.183635, indicating a bearish trend.