PPG INDUSTRIES INC (PPG) Stock Technical Analysis
NYSE:PPG - New York Stock Exchange, Inc. - US6935061076 - Common Stock - Currency: USD
Taking everything into account, PPG scores 2 out of 10 in our technical rating. PPG 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 neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, PPG is a bad performer in the overall market: 77% of all stocks are doing better.
PPG has an average volume of 1909420 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
PPG is part of the Chemicals industry. There are 85 other stocks in this industry, PPG did better than 46% 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 102.78 - 117.29 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of PPG is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
103.40
120.45
When analyzing the support we can see 2 important areas.
- A support zone ranging from 110.41 to 112.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 104.44 to 106.76. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 117.77 to 119.26. 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 | DOWN | NEGATIVE | The long term trend for PPG is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PPG is neutral. |
| ChartMill Relative Strength | 23.32 | NEGATIVE | PPG has a low relative strength, it was outperformed by 76.68% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of PPG is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PPG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PPG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.71 | NEUTRAL | The RSI value for PPG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.19 | POSITIVE | The MACD value suggests PPG has a positive trend. |
| Stochastics (14,3) | 46.84 | NEUTRAL | The Stochastics value for PPG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.15 | MEDIUM VOLATILITY | The ATR as a percentage value for PPG suggests some volalility. |
| Average Directional Index/ADX (14) | 21.79 | NEUTRAL | The ADX value for PPG 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)
112.62
+3.87 (+3.56%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg3.56%
1 Week6.57%
2 Weeks6%
1 Month-2.55%
3 Month-1.28%
6 Month-4.36%
12 Month-7.99%
2 Year-20.56%
3 Year-11.31%
5 Year-6.46%
10 Year18.19%
15 Year584.31%
Volatility
ATR(14)2.58
ATR(20)%2.15%
ATR Inc44.18%
Range Today3.87
ADR(20)2.24
ADR(20)%1.99%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS23.32
Mansfield-1.25
10 Day High112.63
10 Day Low102.78
20 Day High117.29
20 Day Low102.78
52 Week High137.24
52 Week Low90.24
CS1 End112.51
CR1 Start117.77
Volume & EV
DER(3)-0.32%
DER(5)-0.79%
Volume2.05M
Volume Incr-21.75%
Vol(5)1.68M
Vol(50)1.91M