PERMIAN RESOURCES CORP (PR) Stock Technical Analysis
NYSE:PR - New York Stock Exchange, Inc. - US71424F1057 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to PR. PR has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
PR has an average volume of 11454800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, PR outperforms 50% of them, which is more or less in line with the market.
PR is part of the Oil, Gas & Consumable Fuels industry. There are 210 other stocks in this industry, PR did better than 59% of them.
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.
In the last month PR has a been trading in the 13.39 - 15.05 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
PR has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 14.63. Right above this resistance zone may be a good entry point.
More info and screens
12.47
16.48
When analyzing the support we can see 2 important areas.
- A support zone ranging from 14.03 to 14.09. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 12.60 to 12.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 14.63 to 15.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 16.22 to 16.32. 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 | NEUTRAL | NEUTRAL | The long term trend for PR is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PR is up. |
| ChartMill Relative Strength | 50.12 | 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 | 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) | 54.16 | NEUTRAL | The RSI value for PR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests PR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 49.47 | NEUTRAL | The Stochastics value for PR is a neutral value. |
| Average True Range in percent/ATR (20) | 3.14 | MEDIUM VOLATILITY | The ATR as a percentage value for PR suggests some volalility. |
| Average Directional Index/ADX (14) | 16.92 | 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)
14.16
-0.03 (-0.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg-0.21%
1 Week0.71%
2 Weeks1.72%
1 Month-1.12%
3 Month28.26%
6 Month-6.47%
12 Month-13.24%
2 Year21.13%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.47
ATR(20)%3.14%
ATR Inc-26.89%
Range Today0.32
ADR(20)0.43
ADR(20)%3.07%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS50.12
Mansfield-0.64
10 Day High14.64
10 Day Low13.39
20 Day High15.05
20 Day Low13.39
52 Week High16.95
52 Week Low10.01
CS1 End14.09
CR1 Start14.63
Volume & EV
DER(3)0.77%
DER(5)2.78%
Volume6.99M
Volume Incr-35.14%
Vol(5)8.83M
Vol(50)11.45M