PERDOCEO EDUCATION CORP (PRDO) Stock Technical Analysis
USA - NASDAQ:PRDO - US71363P1066 - Common Stock
Taking everything into account, PRDO scores 9 out of 10 in our technical rating. In the last year, PRDO was one of the better performers, but we do observe some doubts in the very recent evolution.
PRDO has an excellent technical rating, but the quality of the setup is only medium 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.
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29.21
3 important support areas can be observed.
- A support zone ranging from 34.45 to 35.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 31.39 to 31.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @29.51 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 37.66 to 37.67. This zone is formed by a combination of multiple trend lines in the daily 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 PRDO is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PRDO is neutral. |
| ChartMill Relative Strength | 89.02 | POSITIVE | PRDO has a high relative strength, it outperformed 89.02% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PRDO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PRDO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PRDO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.61 | NEUTRAL | The RSI value for PRDO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests PRDO has a negative trend. |
| Stochastics (14,3) | 42.86 | NEUTRAL | The Stochastics value for PRDO is a neutral value. |
| Average True Range in percent/ATR (20) | 2.73 | MEDIUM VOLATILITY | The ATR as a percentage value for PRDO suggests some volalility. |
| Average Directional Index/ADX (14) | 27.17 | POSITIVE | The high ADX value value for PRDO suggests a strong trend. |
35.29
+0.65 (+1.88%)
PERDOCEO EDUCATION CORP / PRDO FAQ
Can you provide the ChartMill technical rating for PERDOCEO EDUCATION CORP?
ChartMill assigns a technical rating of 9 / 10 to PRDO.
Can you provide the trend direction for PERDOCEO EDUCATION CORP?
The current trend direction for PERDOCEO EDUCATION CORP (PRDO) is Bullish.
What is the RSI signal for PRDO stock?
PERDOCEO EDUCATION CORP (PRDO) has an RSI value of 47.6102. This indicates that the stock is currently neutral.
Can you provide the MACD signal for PERDOCEO EDUCATION CORP?
The MACD indicator for PERDOCEO EDUCATION CORP (PRDO) has a value of -0.107057, indicating a bearish trend.