PERRIGO CO PLC (PRGO) Stock Technical Analysis
NYSE:PRGO - New York Stock Exchange, Inc. - IE00BGH1M568 - Common Stock - Currency: USD
Overall PRGO gets a technical rating of 3 out of 10. PRGO performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
65% of all other stocks performed better in the past year than PRGO.
In the last month PRGO has a been trading in the 24.60 - 27.90 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
PRGO has an average volume of 1436740 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
PRGO is an average performer in the Pharmaceuticals industry, it outperforms 60% of 195 stocks in the same industry.
PRGO 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 PRGO is lagging the market slightly.
Although the technical rating is bad, PRGO does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. We notice that large players showed an interest for PRGO in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
23.27
29.76
When analyzing the support we can see 2 important areas.
- A support zone ranging from 24.88 to 25.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 23.50 to 24.18. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 26.68 to 27.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @28.06 from a horizontal line in the daily time frame.
- Resistance @28.54 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 29.00 to 29.47. 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 | NEUTRAL | NEUTRAL | The long term trend for PRGO is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PRGO is neutral. |
| ChartMill Relative Strength | 35.68 | NEUTRAL | PRGO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of PRGO is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of PRGO is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of PRGO is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.12 | NEUTRAL | The RSI value for PRGO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests PRGO has a negative trend. |
| Stochastics (14,3) | 47.26 | NEUTRAL | The Stochastics value for PRGO is a neutral value. |
| Average True Range in percent/ATR (20) | 2.58 | MEDIUM VOLATILITY | The ATR as a percentage value for PRGO suggests some volalility. |
| Average Directional Index/ADX (14) | 16.59 | NEGATIVE | The low ADX value for PRGO suggests a weak or negative 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)
26.52
-0.19 (-0.71%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-0.71%
1 Week-2.96%
2 Weeks-2.5%
1 Month5.07%
3 Month-4.47%
6 Month-5.52%
12 Month-1.56%
2 Year-21.89%
3 Year-34.63%
5 Year-52.02%
10 Year-85.65%
15 Year-55.1%
Volatility
ATR(14)0.54
ATR(20)%2.58%
ATR Inc-5.25%
Range Today0.46
ADR(20)0.63
ADR(20)%2.37%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS35.68
Mansfield-0.42
10 Day High27.49
10 Day Low26.19
20 Day High27.9
20 Day Low24.6
52 Week High30.93
52 Week Low23.14
CS1 End25.35
CR1 Start26.68
Volume & EV
DER(3)5.17%
DER(5)4.19%
Volume1.29M
Volume Incr-30.73%
Vol(5)1.04M
Vol(50)1.44M