PPG INDUSTRIES INC (PPG) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:PPG - US6935061076 - Common Stock
Overall PPG gets a technical rating of 2 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. PPG was also a bad performer in the overall market in the last year.
Although the technical rating is bad, PPG does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 100.05. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 97.21, a Stop Loss order could be placed below this zone.
More info and screens
93.97
When analyzing the support we notice one important area.
- A support zone ranging from 94.92 to 97.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
5 important resistance areas can be observed.
- A resistance zone ranging from 100.05 to 101.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @103.74 from a trend line in the daily time frame.
- Resistance @105.45 from a horizontal line in the daily time frame.
- A resistance zone ranging from 110.30 to 110.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 114.17 to 114.26. 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 | UP | POSITIVE | The short term trend for PPG is up. |
| ChartMill Relative Strength | 19.54 | NEGATIVE | PPG has a low relative strength, it was outperformed by 80.46% off all stocks 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 | NEGATIVE | The current price of PPG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.84 | NEUTRAL | The RSI value for PPG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.75 | POSITIVE | The MACD value suggests PPG has a positive trend. |
| Stochastics (14,3) | 87.04 | OVERBOUGHT | The high Stochastics value suggests PPG may be overbought. |
| Average True Range in percent/ATR (20) | 2.02 | MEDIUM VOLATILITY | The ATR as a percentage value for PPG suggests some volalility. |
| Average Directional Index/ADX (14) | 20.89 | NEUTRAL | The ADX value for PPG suggests a possible start of a new trend. |
100.04
+0.15 (+0.15%)
PPG INDUSTRIES INC / PPG FAQ
What is the technical rating for PPG stock?
ChartMill assigns a technical rating of 2 / 10 to PPG.
What is the current trend direction of PPG INDUSTRIES INC (PPG) stock?
The current trend direction for PPG INDUSTRIES INC (PPG) is Bearish.
What is the RSI signal for PPG stock?
PPG INDUSTRIES INC (PPG) has an RSI value of 54.8405. This indicates that the stock is currently neutral.
What is the short term momentum for PPG INDUSTRIES INC (PPG) stock?
The short term momentum for PPG INDUSTRIES INC (PPG) is positive.
What are the support and resistance levels for PPG INDUSTRIES INC (PPG) stock?
PPG INDUSTRIES INC (PPG) has a support level at 97.21 and a resistance level at 100.05. Check the full technical report for our detailed analysis of PPG support and resistance levels.