PUTNAM PREMIER INCOME TRUST (PPT) Stock Technical Analysis
USA - NYSE:PPT - US7468531006
We assign a technical rating of 1 out of 10 to PPT. PPT 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.
The technical rating of PPT 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.
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3.41
We found 1 important support area.
- A support zone ranging from 3.44 to 3.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 3.55 to 3.76. This zone is formed by a combination of multiple trend lines and important moving averages 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 PPT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PPT is down. |
| ChartMill Relative Strength | 45.64 | NEUTRAL | PPT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PPT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PPT is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PPT is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 33.63 | NEUTRAL | The RSI value for PPT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests PPT has a negative trend. |
| Stochastics (14,3) | 6.47 | OVERSOLD | The low Stochastics value suggests PPT may be oversold. |
| Average True Range in percent/ATR (20) | 1.01 | LOW VOLATILITY | The low ATR as a percentage value for PPT suggests low volalility. |
| Average Directional Index/ADX (14) | 26.02 | POSITIVE | The high ADX value value for PPT suggests a strong trend. |
3.54
-0.05 (-1.39%)
PUTNAM PREMIER INCOME TRUST / PPT FAQ
What is the technical rating for PPT stock?
ChartMill assigns a technical rating of 1 / 10 to PPT.
Can you provide the trend direction for PUTNAM PREMIER INCOME TRUST?
The current trend direction for PUTNAM PREMIER INCOME TRUST (PPT) is Bearish.
Can you provide the RSI signal for PUTNAM PREMIER INCOME TRUST?
PUTNAM PREMIER INCOME TRUST (PPT) has an RSI value of 33.6257. This indicates that the stock is currently neutral.
What is the MACD signal for PUTNAM PREMIER INCOME TRUST (PPT) stock?
The MACD indicator for PUTNAM PREMIER INCOME TRUST (PPT) has a value of -0.00553428, indicating a bearish trend.
What are the support and resistance levels for PUTNAM PREMIER INCOME TRUST (PPT) stock?
PUTNAM PREMIER INCOME TRUST (PPT) has a support level at 3.55 and a resistance level at 3.6. Check the full technical report for our detailed analysis of PPT support and resistance levels.