PPG INDUSTRIES INC (PPG) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:PPG • US6935061076
We assign a technical rating of 8 out of 10 to PPG. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, PPG is only an average performer.
- The long and short term trends are both positive. This is looking good!
- PPG is one of the better performing stocks in the Chemicals industry, it outperforms 71% of 83 stocks in the same industry.
- PPG is currently trading in the upper part of its 52 week range, while the S&P500 Index is trading in the lower part of its yearly range. So PPG is doing quite good in this market.
- In the last month PPG has a been trading in the 102.36 - 117.80 range, which is quite wide. It is currently trading near the high of this range.
- PPG has an average volume of 2124640 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the performance of all stocks over the past year, PPG turns out to be only a medium performer in the overall market: it outperformed 69% of all stocks.
- Volume is considerably higher in the last couple of days.
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
101.44
We found 3 important support areas.
- A support zone ranging from 113.32 to 114.26. 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 108.31 to 110.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 102.46 to 102.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 116.47 to 116.51. 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 | 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 | 69.44 | 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) | UP | POSITIVE | The current price of PPG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 69.16 | NEUTRAL | The RSI value for PPG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.44 | POSITIVE | The MACD value suggests PPG has a positive trend. |
| Stochastics (14,3) | 90.07 | OVERBOUGHT | The high Stochastics value suggests PPG may be overbought. |
| Average True Range in percent/ATR (20) | 2.22 | MEDIUM VOLATILITY | The ATR as a percentage value for PPG suggests some volalility. |
| Average Directional Index/ADX (14) | 33.79 | POSITIVE | The high ADX value value for PPG suggests a strong trend. |
116.46
+0.83 (+0.72%)
PPG INDUSTRIES INC / PPG FAQ
What is the technical rating for PPG stock?
ChartMill assigns a technical rating of 8 / 10 to PPG.
What is the trend direction for PPG stock?
The current trend direction for PPG INDUSTRIES INC (PPG) is Bullish.
Can you provide the RSI signal for PPG INDUSTRIES INC?
PPG INDUSTRIES INC (PPG) has an RSI value of 69.16. 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 0.442518, 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.