PERMIAN RESOURCES CORP (PR) Stock Technical Analysis
NYSE:PR - New York Stock Exchange, Inc. - US71424F1057 - Common Stock - Currency: USD
Taking everything into account, PR scores 1 out of 10 in our technical rating. PR's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
76% of all other stocks performed better in the past year than PR.
PR has an average volume of 10112600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
PR is part of the Oil, Gas & Consumable Fuels industry. There are 213 other stocks in this industry, PR did better than 49% of them.
PR is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so PR is lagging the market slightly.
In the last month PR has a been trading in the 11.58 - 14.09 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
The technical rating of PR 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
12.55
16.48
We found 1 important support area.
- A support zone ranging from 12.68 to 12.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 6 important resistance areas.
- A resistance zone ranging from 13.36 to 13.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @13.74 from a trend line in the daily time frame.
- A resistance zone ranging from 13.96 to 14.09. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @14.63 from a horizontal line in the daily time frame.
- Resistance @15.15 from a trend line in the weekly time frame.
- Resistance @16.32 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 | DOWN | NEGATIVE | The long term trend for PR is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PR is neutral. |
| ChartMill Relative Strength | 24.46 | NEGATIVE | PR has a low relative strength, it was outperformed by 75.54% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of PR is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of PR is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PR is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.84 | NEUTRAL | The RSI value for PR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests PR has a negative trend. |
| Stochastics (14,3) | 49.35 | NEUTRAL | The Stochastics value for PR is a neutral value. |
| Average True Range in percent/ATR (20) | 3.52 | MEDIUM VOLATILITY | The ATR as a percentage value for PR suggests some volalility. |
| Average Directional Index/ADX (14) | 15.84 | NEGATIVE | The low ADX value for PR suggests a weak or negative trend. |
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)
12.72
-0.13 (-1.01%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-1.01%
1 Week-5.85%
2 Weeks-2.23%
1 Month3.75%
3 Month-9.34%
6 Month-21.53%
12 Month-19.65%
2 Year36.33%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.46
ATR(20)%3.52%
ATR Inc-32.52%
Range Today0.25
ADR(20)0.36
ADR(20)%2.86%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS24.46
Mansfield-1.23
10 Day High14.09
10 Day Low12.59
20 Day High14.09
20 Day Low11.58
52 Week High16.95
52 Week Low10.01
CS1 End12.71
CR1 Start13.36
Volume & EV
DER(3)2.79%
DER(5)3.03%
Volume6.31M
Volume Incr-26.48%
Vol(5)7.69M
Vol(50)10.11M