PRDO Technical Analysis - PERDOCEO EDUCATION CORP

Technical Rating and Analysis

Overall PRDO gets a technical rating of 10 out of 10. 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.

In the last month PRDO has a been trading in the 34.20 - 38.02 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

The short term is neutral, but the long term trend is still positive. Not much to worry about for now.

When comparing the yearly performance of all stocks, we notice that PRDO is one of the better performing stocks in the market, outperforming 89% of all stocks. On top of that, PRDO also shows a nice and consistent pattern of rising prices.

PRDO is part of the Diversified Consumer Services industry. There are 75 other stocks in this industry. PRDO outperforms 82% of them.

PRDO 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 PRDO is lagging the market slightly.

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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, the quality of the presented setup is not ideal 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

28.76

35.15

We found 3 important support areas.

A support zone ranging from 34.62 to 34.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
A support zone ranging from 30.59 to 30.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @29.05 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	NEUTRAL	NEUTRAL	The short term trend for PRDO is neutral.
ChartMill Relative Strength	89.13	POSITIVE	PRDO has a high relative strength, it outperformed 89.13% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of PRDO is below 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)	46.89	NEUTRAL	The RSI value for PRDO is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.36	NEGATIVE	The MACD value suggests PRDO has a negative trend.
Stochastics (14,3)	14.82	OVERSOLD	The low Stochastics value suggests PRDO may be oversold.
Average True Range in percent/ATR (20)	2.49	MEDIUM VOLATILITY	The ATR as a percentage value for PRDO suggests some volalility.
Average Directional Index/ADX (14)	37.36	POSITIVE	The high ADX value value for PRDO suggests a strong trend.