PPG INDUSTRIES INC (PPG) Stock Technical Analysis
NYSE:PPG - New York Stock Exchange, Inc. - US6935061076 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to PPG. In the last year, PPG was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month PPG has a been trading in the 106.08 - 117.82 range, which is quite wide. It is currently trading near the high of this range.
PPG has an average volume of 1838440 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 43% of them, which is more or less in line with the market.
PPG is an average performer in the Chemicals industry, it outperforms 57% of 85 stocks in the same industry.
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.
Although PPG has an excellent technical rating, it does not present a decent entry opportunity 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
105.24
122.50
2 important support areas can be observed.
- Support @115.48 from a horizontal line in the daily time frame.
- A support zone ranging from 106.30 to 112.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 116.42 to 116.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @121.29 from a trend line in the weekly 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 PPG is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PPG is up. |
| ChartMill Relative Strength | 43.65 | 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) | 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) | 62.31 | NEUTRAL | The RSI value for PPG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.47 | POSITIVE | The MACD value suggests PPG has a positive trend. |
| Stochastics (14,3) | 84.65 | OVERBOUGHT | The high Stochastics value suggests PPG may be overbought. |
| Average True Range in percent/ATR (20) | 2.09 | MEDIUM VOLATILITY | The ATR as a percentage value for PPG suggests some volalility. |
| Average Directional Index/ADX (14) | 18.08 | NEGATIVE | The low ADX value for PPG suggests a weak or negative 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)
116.41
+2.66 (+2.34%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryChemicals
Performance
% Chg2.34%
1 Week2.22%
2 Weeks6.76%
1 Month5.49%
3 Month17.41%
6 Month1.87%
12 Month-7.04%
2 Year-19.1%
3 Year-9.96%
5 Year8.14%
10 Year7.41%
15 Year570.28%
Volatility
ATR(14)2.63
ATR(20)%2.09%
ATR Inc27.51%
Range Today5.1
ADR(20)2.2
ADR(20)%1.89%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS43.65
Mansfield-0.83
10 Day High117.82
10 Day Low106.96
20 Day High117.82
20 Day Low106.08
52 Week High137.24
52 Week Low90.24
CS1 End113.69
CR1 Start114.16
Volume & EV
DER(3)2.09%
DER(5)0.29%
Volume2.06M
Volume Incr-8.8%
Vol(5)1.71M
Vol(50)1.84M