PERMIAN RESOURCES CORP (PR) Stock Technical Analysis
NYSE:PR - New York Stock Exchange, Inc. - US71424F1057 - Common Stock - Currency: USD
Overall PR gets a technical rating of 7 out of 10. In the last year, PR was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month PR has a been trading in the 12.48 - 15.05 range, which is quite wide. It is currently trading near the high of this range.
PR has an average volume of 10915000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, PR turns out to be only a medium performer in the overall market: it outperformed 47% of all stocks.
PR is part of the Oil, Gas & Consumable Fuels industry. There are 213 other stocks in this industry, PR did better than 58% of them.
PR is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so PR is lagging the market slightly.
Although PR has an excellent technical rating, it does not present a decent entry opportunity 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
12.47
16.48
We found 2 important support areas.
- A support zone ranging from 13.36 to 13.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 12.60 to 12.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 14.94 to 14.96. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A resistance zone ranging from 16.21 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 | 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 | 47.8 | 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) | UP | POSITIVE | The current price of PR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 68.31 | NEUTRAL | The RSI value for PR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests PR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.56 | OVERBOUGHT | The high Stochastics value suggests PR may be overbought. |
| Average True Range in percent/ATR (20) | 2.82 | MEDIUM VOLATILITY | The ATR as a percentage value for PR suggests some volalility. |
| Average Directional Index/ADX (14) | 26.15 | POSITIVE | The high ADX value value for PR suggests a strong 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)
14.68
+0.02 (+0.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.14%
1 Week4.63%
2 Weeks10.38%
1 Month10.13%
3 Month6.53%
6 Month7.94%
12 Month-4.74%
2 Year33.94%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.46
ATR(20)%2.82%
ATR Inc-9.13%
Range Today0.37
ADR(20)0.38
ADR(20)%2.56%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS47.8
Mansfield-0.03
10 Day High15.05
10 Day Low13.02
20 Day High15.05
20 Day Low12.49
52 Week High16.95
52 Week Low10.01
CS1 End13.48
CR1 Start14.94
Volume & EV
DER(3)0.46%
DER(5)3.71%
Volume11.32M
Volume Incr33.22%
Vol(5)12.68M
Vol(50)10.91M