PPG INDUSTRIES INC (PPG) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:PPG - US6935061076 - Common Stock
Overall PPG gets a technical rating of 3 out of 10. In the past year, PPG was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
PPG has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
95.29
When analyzing the support we notice one important area.
- Support @96.25 from a horizontal line in the weekly time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 102.53 to 105.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @108.31 from a trend line in the weekly time frame.
- Resistance @111.96 from a trend line in the weekly time frame.
- Resistance @114.26 from a horizontal line in the daily 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 | 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 | 29.29 | NEGATIVE | PPG has a low relative strength, it was outperformed by 70.71% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of PPG is below 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) | 52.47 | NEUTRAL | The RSI value for PPG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests PPG has a negative trend. |
| Stochastics (14,3) | 66.15 | NEUTRAL | The Stochastics value for PPG is a neutral value. |
| Average True Range in percent/ATR (20) | 1.53 | LOW VOLATILITY | The low ATR as a percentage value for PPG suggests low volalility. |
| Average Directional Index/ADX (14) | 19.87 | NEGATIVE | The low ADX value for PPG suggests a weak or negative trend. |
102.46
-1.22 (-1.18%)
PPG INDUSTRIES INC / PPG FAQ
What is the technical rating for PPG stock?
ChartMill assigns a technical rating of 3 / 10 to PPG.
What is the trend direction for PPG stock?
The current trend direction for PPG INDUSTRIES INC (PPG) is Bearish.
Can you provide the RSI signal for PPG INDUSTRIES INC?
PPG INDUSTRIES INC (PPG) has an RSI value of 52.4702. This indicates that the stock is currently neutral.
What is the MACD signal for PPG stock?
The MACD indicator for PPG INDUSTRIES INC (PPG) has a value of -0.0504106, indicating a bearish trend.
Can you provide the short term momentum for PPG INDUSTRIES INC?
The short term momentum for PPG INDUSTRIES INC (PPG) is positive.