PERMIAN RESOURCES CORP (PR) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:PR - US71424F1057 - Common Stock
Taking everything into account, PR scores 6 out of 10 in our technical rating. In the last year, PR was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
PR has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 13.88, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
11.96
We found 4 important support areas.
- A support zone ranging from 13.71 to 13.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 12.97 to 13.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @12.58 from a trend line in the weekly time frame.
- A support zone ranging from 12.08 to 12.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 5 important resistance areas.
- Resistance @14.05 from a trend line in the daily time frame.
- Resistance @14.63 from a horizontal line in the daily time frame.
- A resistance zone ranging from 14.93 to 14.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @15.47 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 | 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 | 32.6 | NEUTRAL | PR is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of PR is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 64.66 | NEUTRAL | The RSI value for PR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests PR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 77.46 | NEUTRAL | The Stochastics value for PR is a neutral value. |
| Average True Range in percent/ATR (20) | 3.27 | MEDIUM VOLATILITY | The ATR as a percentage value for PR suggests some volalility. |
| Average Directional Index/ADX (14) | 27.17 | POSITIVE | The high ADX value value for PR suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 14.06 | 13.70 | 0.36 (2.56%) | 25.00% |
| An entry @14.06. This is a Buy Stop order right above the resistance zone. | An exit @13.70. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.36 points, which is 2.56%. | For a 0.64% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of PR. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
13.98
+0.05 (+0.36%)
PERMIAN RESOURCES CORP / PR FAQ
What is the technical rating for PR stock?
ChartMill assigns a technical rating of 6 / 10 to PR.
Can you provide the trend direction for PERMIAN RESOURCES CORP?
The current trend direction for PERMIAN RESOURCES CORP (PR) is Bullish.
What is the RSI signal for PR stock?
PERMIAN RESOURCES CORP (PR) has an RSI value of 64.6554. This indicates that the stock is currently neutral.
What is the MACD signal for PR stock?
The MACD indicator for PERMIAN RESOURCES CORP (PR) has a value of 0.10514, indicating a bearish trend.
Can you provide the buy/sell signal for PERMIAN RESOURCES CORP?
The buy/sell signal for PERMIAN RESOURCES CORP (PR) is buy as both the short term and long term trends are positive.