PPG INDUSTRIES INC (PPG) Technical Analysis
NYSE:PPG • US6935061076
Current stock price
PPG Technical Rating and Analysis
Taking everything into account, PPG scores 6 out of 10 in our technical rating. Although PPG is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Both the short term and long term trends are positive. This is a very positive sign.
- PPG has an average volume of 2210750 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, PPG outperforms 46% of them, which is more or less in line with the market.
- PPG is part of the Chemicals industry. There are 82 other stocks in this industry, PPG did better than 43% of them.
- PPG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PPG is lagging the market.
- In the last month PPG has a been trading in the 100.16 - 118.36 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
PPG Weekly and Daily overview Charts
PPG Setup Rating and Analysis
Although the technical rating is only medium, PPG does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced.
More info and screens
PPG Support and Resistance Analysis
93.97
We found 3 important support areas.
- A support zone ranging from 107.26 to 108.28. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 99.15 to 99.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 94.92 to 97.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 112.29 to 114.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @134.56 from a horizontal line in the weekly time frame.
PPG 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 PPG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PPG is up. |
| ChartMill Relative Strength | 46.15 | NEUTRAL | PPG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PPG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PPG is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of PPG is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.21 | NEUTRAL | The RSI value for PPG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.89 | POSITIVE | The MACD value suggests PPG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 67.45 | NEUTRAL | The Stochastics value for PPG is a neutral value. |
| Average True Range in percent/ATR (20) | 3.21 | MEDIUM VOLATILITY | The ATR as a percentage value for PPG suggests some volalility. |
| Average Directional Index/ADX (14) | 18.3 | NEGATIVE | The low ADX value for PPG suggests a weak or negative trend. |
PPG Chart- and CandleStick Pattern Analysis
PPG Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 114.86 | 107.25 | 7.61 (6.63%) | 15.09% |
| An entry @114.86. This is a Buy Stop order right above the resistance zone. | An exit @107.25. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 7.61 points, which is 6.63%. | When investing 15.09% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
PPG Technicals: Chart, Performance Metrics, Trend & Indicators
111.67
+0.75 (+0.68%)
PPG INDUSTRIES INC / PPG TA FAQ
What is the technical rating for PPG stock?
ChartMill assigns a technical rating of 6 / 10 to PPG.
What is the trend direction for PPG stock?
The current trend direction for PPG INDUSTRIES INC (PPG) is Bullish.
What is the RSI signal for PPG INDUSTRIES INC (PPG) stock?
PPG INDUSTRIES INC (PPG) has an RSI value of 54.2123. This indicates that the stock is currently neutral.
What is the MACD signal for PPG INDUSTRIES INC (PPG) stock?
The MACD indicator for PPG INDUSTRIES INC (PPG) has a value of 0.893672, indicating a bearish trend.
What is the support and resistance level for PPG stock?
PPG INDUSTRIES INC (PPG) has a support level at 108.28 and a resistance level at 112.29. Check the full technical report for our detailed analysis of PPG support and resistance levels.