PERMIAN RESOURCES CORP-CL A (PR) Stock Technical Analysis
NYSE:PR • US71424F1057
Taking everything into account, PR scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, PR has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- PR is part of the Oil, Gas & Consumable Fuels industry. There are 206 other stocks in this industry. PR outperforms 72% of them.
- PR is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month PR has a been trading in the 14.56 - 18.14 range, which is quite wide. It is currently trading near the high of this range.
- PR has an average volume of 10638100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, PR did better than 83% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although PR has an excellent technical rating, it does not offer a high 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
12.97
When analyzing the support we can see 5 important areas.
- Support @16.86 from a horizontal line in the daily time frame.
- Support @14.88 from a trend line in the weekly time frame.
- Support @14.48 from a trend line in the daily time frame.
- Support @13.62 from a horizontal line in the daily time frame.
- A support zone ranging from 13.10 to 13.22. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for PR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PR is up. |
| ChartMill Relative Strength | 83.59 | POSITIVE | PR has a high relative strength, it outperformed 83.59% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 71.98 | OVERBOUGHT | The high RSI value suggests PR may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests PR has a positive trend. |
| Stochastics (14,3) | 93.6 | OVERBOUGHT | The high Stochastics value suggests PR may be overbought. |
| Average True Range in percent/ATR (20) | 3.09 | MEDIUM VOLATILITY | The ATR as a percentage value for PR suggests some volalility. |
| Average Directional Index/ADX (14) | 40.16 | POSITIVE | The high ADX value value for PR suggests a strong trend. |
17.96
+0.08 (+0.45%)
PERMIAN RESOURCES CORP-CL A / PR FAQ
What is the technical rating for PR stock?
ChartMill assigns a technical rating of 9 / 10 to PR.
What is the trend direction for PR stock?
The current trend direction for PERMIAN RESOURCES CORP-CL A (PR) is Bullish.
What is the RSI signal for PR stock?
PERMIAN RESOURCES CORP-CL A (PR) has an RSI value of 71.9833. This indicates that the stock is currently overbought.
Can you provide the short term momentum for PERMIAN RESOURCES CORP-CL A?
The short term momentum for PERMIAN RESOURCES CORP-CL A (PR) is positive.
What is the buy/sell signal for PR stock?
The buy/sell signal for PERMIAN RESOURCES CORP-CL A (PR) is buy as both the short term and long term trends are positive.