PERMIAN RESOURCES CORP (PR) Stock Technical Analysis
NYSE:PR - New York Stock Exchange, Inc. - US71424F1057 - Common Stock - Currency: USD
Overall PR gets a technical rating of 3 out of 10. PR performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
68% of all other stocks performed better in the past year than PR.
In the last month PR has a been trading in the 13.05 - 14.48 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
PR has an average volume of 11209500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
PR is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 44% of 208 stocks in the same industry.
PR is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PR is lagging the market.
Although the technical rating is bad, PR does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. We notice that large players showed an interest for PR in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
12.96
16.48
3 important support areas can be observed.
- A support zone ranging from 13.66 to 13.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @13.44 from a horizontal line in the weekly time frame.
- Support @13.09 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 13.79 to 13.91. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 14.60 to 14.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 14.94 to 15.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | NEUTRAL | NEUTRAL | The long term trend for PR is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PR is down. |
| ChartMill Relative Strength | 32.18 | NEUTRAL | PR is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PR is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of PR is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of PR is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.92 | NEUTRAL | The RSI value for PR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests PR has a negative trend. |
| Stochastics (14,3) | 43.48 | NEUTRAL | The Stochastics value for PR is a neutral value. |
| Average True Range in percent/ATR (20) | 2.79 | MEDIUM VOLATILITY | The ATR as a percentage value for PR suggests some volalility. |
| Average Directional Index/ADX (14) | 13.67 | 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)
13.71
+0.02 (+0.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.15%
1 Week-4.92%
2 Weeks1.63%
1 Month-4.92%
3 Month5.38%
6 Month-4.59%
12 Month-6.16%
2 Year-3.31%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.38
ATR(20)%2.79%
ATR Inc-34.38%
Range Today0.33
ADR(20)0.37
ADR(20)%2.69%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS32.18
Mansfield-0.82
10 Day High14.49
10 Day Low13.41
20 Day High14.49
20 Day Low13.05
52 Week High16.33
52 Week Low10.01
CS1 End13.67
CR1 Start13.79
Volume & EV
DER(3)3%
DER(5)3.62%
Volume8.62M
Volume Incr-1.7%
Vol(5)10.00M
Vol(50)11.21M