PPC Technical Analysis - PILGRIM'S PRIDE CORP

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to PPC. PPC'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.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

When comparing the yearly performance of all stocks, PPC is a bad performer in the overall market: 81% of all stocks are doing better.

PPC is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.

In the last month PPC has a been trading in the 40.57 - 47.67 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

PPC has an average volume of 1378660 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 52% of 89 stocks in the same industry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

PILGRIM'S PRIDE CORP / PPC Weekly stock chart

PILGRIM'S PRIDE CORP / PPC Daily stock chart

Setup Rating and Analysis

The technical rating of PPC is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

40.28

54.36

We can see 4 important resistance areas.

Resistance @44.56 from a horizontal line in the daily time frame.
A resistance zone ranging from 48.40 to 48.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @51.21 from a horizontal line in the daily time frame.
Resistance @53.82 from a horizontal line in the weekly time frame.

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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	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	19.2	NEGATIVE	PPC has a low relative strength, it was outperformed by 80.8% 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)	DOWN	NEGATIVE	The current price of PPC is below a declining SMA(200).
Relative Strength Index/RSI (14)	26.17	OVERSOLD	The low RSI value suggests PPC may be oversold.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.25	NEGATIVE	The MACD value suggests PPC has a negative trend.
Stochastics (14,3)	7.78	OVERSOLD	The low Stochastics value suggests PPC may be oversold.
Average True Range in percent/ATR (20)	2.75	MEDIUM VOLATILITY	The ATR as a percentage value for PPC suggests some volalility.
Average Directional Index/ADX (14)	40.47	POSITIVE	The high ADX value value for PPC suggests a strong trend.