PERMIAN RESOURCES CORP-CL A (PR) Technical Analysis
NYSE:PR • US71424F1057
Current stock price
PR Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to PR. 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.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that PR is one of the better performing stocks in the market, outperforming 90% of all stocks. On top of that, PR also shows a nice and consistent pattern of rising prices.
- PR is one of the better performing stocks in the Oil, Gas & Consumable Fuels industry, it outperforms 76% of 209 stocks in the same industry.
- PR is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so PR is lagging the market slightly.
- PR has an average volume of 13847700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month PR has a been trading in the 19.05 - 21.99 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
PR Weekly and Daily overview Charts
PR Setup Rating and Analysis
PR has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 20.55, a Stop Loss order could be placed below this zone. 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
PR Support and Resistance Analysis
13.51
We found 4 important support areas.
- A support zone ranging from 20.38 to 20.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @16.00 from a trend line in the weekly time frame.
- Support @15.62 from a trend line in the daily time frame.
- Support @13.65 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 21.65 to 21.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
PR Technical Indicator Signal Analysis
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 | 90.86 | POSITIVE | PR has a high relative strength, it outperformed 90.86% 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) | 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) | 55.65 | NEUTRAL | The RSI value for PR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests PR has a negative trend. |
| Stochastics (14,3) | 46.64 | NEUTRAL | The Stochastics value for PR is a neutral value. |
| Average True Range in percent/ATR (20) | 3.38 | MEDIUM VOLATILITY | The ATR as a percentage value for PR suggests some volalility. |
| Average Directional Index/ADX (14) | 35.06 | POSITIVE | The high ADX value value for PR suggests a strong trend. |
PR Chart- and CandleStick Pattern Analysis
PR Example Setup
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 |
|---|---|---|---|
| 21.66 | 20.37 | 1.29 (5.96%) | 16.79% |
| An entry @21.66. This is a Buy Stop order right above the resistance zone. | An exit @20.37. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.29 points, which is 5.96%. | For a 1.00% total portfolio risk, you can invest 16.79% of your capital in this trade. |
- 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.
PR Technicals: Chart, Performance Metrics, Trend & Indicators
20.56
-0.1 (-0.48%)
PERMIAN RESOURCES CORP-CL A / PR TA FAQ
What is the technical rating for PR stock?
ChartMill assigns a technical rating of 10 / 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 PERMIAN RESOURCES CORP-CL A (PR) stock?
PERMIAN RESOURCES CORP-CL A (PR) has an RSI value of 55.6509. This indicates that the stock is currently neutral.
What is the MACD signal for PR stock?
The MACD indicator for PERMIAN RESOURCES CORP-CL A (PR) has a value of -0.183456, indicating a bearish trend.
What is the short term momentum for PERMIAN RESOURCES CORP-CL A (PR) stock?
The short term momentum for PERMIAN RESOURCES CORP-CL A (PR) is positive.