Portfolio S&P Mid Cap ETF (PPMC) Stock Technical Analysis
USA - NYSEARCA:PPMC -
22.0941
+0.4 (+1.87%)
We assign a technical rating of 1 out of 10 to PPMC. PPMC has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
In the last month PPMC has a been trading in the 21.35 - 24.63 range, which is quite wide. It is currently trading near the lows of this range.
Warning: PPMC has an average volume of 1266 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
When comparing the performance of all stocks over the past year, PPMC turns out to be only a medium performer in the overall market: it outperformed 44% of all stocks.
PPMC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PPMC is lagging the market.
Considerably lower volume is observed in the last couple of days.
The technical rating of PPMC is bad and it also does not present a quality setup 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
21.46
28.02
When analyzing the support we notice one important area.
- Support @21.68 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 22.51 to 22.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @23.75 from a trend line in the weekly time frame.
- A resistance zone ranging from 24.24 to 24.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @27.74 from a horizontal 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 PPMC is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PPMC is down. |
| ChartMill Relative Strength | 44.01 | NEUTRAL | PPMC is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PPMC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PPMC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PPMC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 39.44 | NEUTRAL | The RSI value for PPMC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests PPMC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 17.27 | OVERSOLD | The low Stochastics value suggests PPMC may be oversold. |
| Average True Range in percent/ATR (20) | 1.97 | LOW VOLATILITY | The low ATR as a percentage value for PPMC suggests low volalility. |
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)
NYSEARCA:PPMC (9/25/2020, 8:04:01 PM)
22.0941
+0.4 (+1.87%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.87%
1 Week-3.53%
2 Weeks-2.71%
1 Month-8.15%
3 Month7.58%
6 Month37.69%
12 Month-10.45%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.38
ATR(20)%1.97%
ATR Inc-14.76%
Range Today0.44
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS44.01
Mansfield-0.94
10 Day High23.44
10 Day Low21.35
20 Day High24.63
20 Day Low21.35
52 Week High27.82
52 Week Low13.07
CS1 End21.68
CR1 Start22.51
Volume & EV
DER(3)0%
DER(5)0%
Volume3.10K
Volume Incr-71.01%
Vol(5)740
Vol(50)1.27K