PRDO Technical Analysis - PERDOCEO EDUCATION CORP

Technical Rating and Analysis

We assign a technical rating of 10 out of 10 to PRDO. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, PRDO is showing a nice and steady performance.

The long and short term trends are both positive. This is looking good!

When comparing the yearly performance of all stocks, we notice that PRDO is one of the better performing stocks in the market, outperforming 86% of all stocks. On top of that, PRDO also shows a nice and consistent pattern of rising prices.

PRDO is one of the better performing stocks in the Diversified Consumer Services industry, it outperforms 78% of 74 stocks in the same industry.

PRDO is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month PRDO has a been trading in the 32.05 - 35.63 range, which is quite wide. It is currently trading near the high of this range.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

PERDOCEO EDUCATION CORP / PRDO Weekly stock chart

PERDOCEO EDUCATION CORP / PRDO Daily stock chart

Setup Rating and Analysis

Although PRDO 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

28.30

35.82

We found 3 important support areas.

A support zone ranging from 32.39 to 32.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 29.73 to 30.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @28.59 from a trend line in the weekly time frame.

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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 PRDO is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for PRDO is up.
ChartMill Relative Strength	86.77	POSITIVE	PRDO has a high relative strength, it outperformed 86.77% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of PRDO is above the rising 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)	78.7	OVERBOUGHT	The high RSI value suggests PRDO may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.16	POSITIVE	The MACD value suggests PRDO has a positive trend.
Stochastics (14,3)	91.57	OVERBOUGHT	The high Stochastics value suggests PRDO may be overbought.
Average True Range in percent/ATR (20)	2.1	MEDIUM VOLATILITY	The ATR as a percentage value for PRDO suggests some volalility.
Average Directional Index/ADX (14)	36.33	POSITIVE	The high ADX value value for PRDO suggests a strong trend.