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 medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
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. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 13.10, a Stop Loss order could be placed below this zone.
More info and screens
11.68
4 important support areas can be observed.
- Support @13.10 from a horizontal line in the daily time frame.
- Support @12.79 from a trend line in the weekly time frame.
- A support zone ranging from 12.08 to 12.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @11.80 from a horizontal line in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 13.99 to 14.16. 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 14.82 to 15.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @15.42 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 | NEUTRAL | NEUTRAL | The short term trend for PR is neutral. |
| ChartMill Relative Strength | 43.92 | 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) | 46.22 | NEUTRAL | The RSI value for PR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests PR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 21.05 | NEUTRAL | The Stochastics value for PR is a neutral value. |
| Average True Range in percent/ATR (20) | 2.8 | MEDIUM VOLATILITY | The ATR as a percentage value for PR suggests some volalility. |
| Average Directional Index/ADX (14) | 24.49 | NEUTRAL | The ADX value for PR suggests a possible start of a new 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 |
|---|---|---|---|
| 14.17 | 13.67 | 0.50 (3.53%) | 25.00% |
| An entry @14.17. This is a Buy Stop order right above the resistance zone. | An exit @13.67. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.50 points, which is 3.53%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.88%. |
- 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.
13.88
-0.16 (-1.14%)
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 46.2186. 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 -0.136855, indicating a bearish trend.