VANECK PHARMACEUTICAL ETF (PPH) Stock Technical Analysis
NASDAQ:PPH - US92189F6925 - ETF
Overall PPH gets a technical rating of 5 out of 10. In the last year, PPH was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
PPH has only a medium 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. There is a resistance zone just above the current price starting at 89.37. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 88.54, a Stop Loss order could be placed below this zone.
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79.48
When analyzing the support we can see 3 important areas.
- A support zone ranging from 86.56 to 88.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 82.01 to 83.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 80.28 to 80.28. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 89.37 to 89.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @93.48 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 | NEUTRAL | NEUTRAL | The long term trend for PPH is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PPH is up. |
| ChartMill Relative Strength | 21.51 | NEGATIVE | PPH has a low relative strength, it was outperformed by 78.49% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PPH is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PPH is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of PPH is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.94 | NEUTRAL | The RSI value for PPH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.32 | POSITIVE | The MACD value suggests PPH has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 78.94 | NEUTRAL | The Stochastics value for PPH is a neutral value. |
| Average True Range in percent/ATR (20) | 1.26 | LOW VOLATILITY | The low ATR as a percentage value for PPH suggests low volalility. |
| Average Directional Index/ADX (14) | 17.2 | NEGATIVE | The low ADX value for PPH suggests a weak or negative trend. |
88.88
+0.48 (+0.54%)