PERDOCEO EDUCATION CORP (PRDO) Stock Technical Analysis
NASDAQ:PRDO - US71363P1066 - Common Stock
32.6 USD
-0.46 (-1.39%)
32.6 USD
0 (0%)
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.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that PRDO is one of the better performing stocks in the market, outperforming 80% of all stocks.
PRDO is one of the better performing stocks in the Diversified Consumer Services industry, it outperforms 71% of 71 stocks in the same industry.
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.
In the last month PRDO has a been trading in the 27.87 - 33.87 range, which is quite wide. It is currently trading near the high of this range.
PRDO has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 34.05. Right above this resistance zone may be a good entry point.
More info and screens
27.68
34.45
We found 4 important support areas.
- A support zone ranging from 30.85 to 31.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @29.52 from a trend line in the weekly time frame.
- Support @28.93 from a trend line in the daily time frame.
- A support zone ranging from 27.96 to 28.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 34.05 to 34.11. 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 PRDO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PRDO is up. |
| ChartMill Relative Strength | 80.89 | POSITIVE | PRDO has a high relative strength, it outperformed 80.89% 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) | 60.6 | NEUTRAL | The RSI value for PRDO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.2 | POSITIVE | The MACD value suggests PRDO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.61 | NEUTRAL | The Stochastics value for PRDO is a neutral value. |
| Average True Range in percent/ATR (20) | 3.16 | MEDIUM VOLATILITY | The ATR as a percentage value for PRDO suggests some volalility. |
| Average Directional Index/ADX (14) | 30.04 | POSITIVE | The high ADX value value for PRDO 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)
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 |
|---|---|---|---|
| 34.12 | 31.47 | 2.65 (7.78%) | 12.85% |
| An entry @34.12. This is a Buy Stop order right above the resistance zone. | An exit @31.46. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.65 points, which is 7.78%. | For a 1.00% total portfolio risk, you can invest 12.85% of your capital in this trade. |
- 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.
32.6
-0.46 (-1.39%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryDiversified Consumer Services
Performance
% Chg-1.39%
1 Week0.37%
2 Weeks1.97%
1 Month14.15%
3 Month-4.23%
6 Month27.34%
12 Month45.28%
2 Year96.74%
3 Year181.52%
5 Year126.86%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.84
ATR(20)%3.16%
ATR Inc-29.55%
Range Today0.51
ADR(20)0.99
ADR(20)%3.04%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.89
Mansfield0.92
10 Day High33.87
10 Day Low31.48
20 Day High33.87
20 Day Low27.87
52 Week High34.6
52 Week Low20.55
CS1 End31.26
CR1 Start34.05
Volume & EV
DER(3)-1.14%
DER(5)1.24%
Volume479.00K
Volume Incr-25.53%
Vol(5)601.34K
Vol(50)717.36K