PERRIGO CO PLC (PRGO) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:PRGO - IE00BGH1M568 - Common Stock
Overall PRGO gets a technical rating of 0 out of 10. PRGO scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
PRGO has a poor technical rating and the quality of the setup is also 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.
More info and screens
12.51
5 important resistance areas can be observed.
- Resistance @20.04 from a trend line in the daily time frame.
- Resistance @20.86 from a trend line in the daily time frame.
- Resistance @22.51 from a horizontal line in the daily time frame.
- A resistance zone ranging from 28.49 to 28.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @29.25 from a horizontal line in the weekly 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 | DOWN | NEGATIVE | The long term trend for PRGO is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PRGO is down. |
| ChartMill Relative Strength | 4.59 | NEGATIVE | PRGO has a low relative strength, it was outperformed by 95.41% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PRGO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PRGO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PRGO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 14.96 | OVERSOLD | The low RSI value suggests PRGO may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.23 | NEGATIVE | The MACD value suggests PRGO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 2.75 | OVERSOLD | The low Stochastics value suggests PRGO may be oversold. |
| Average True Range in percent/ATR (20) | 6.26 | HIGH VOLATILITY | The high ATR as a percentage value for PRGO suggests high volalility. |
| Average Directional Index/ADX (14) | 67.78 | POSITIVE | The high ADX value value for PRGO suggests a strong trend. |
12.64
+0.38 (+3.1%)
PERRIGO CO PLC / PRGO FAQ
What is the ChartMill technical rating of PERRIGO CO PLC (PRGO) stock?
ChartMill assigns a technical rating of 0 / 10 to PRGO.
What is the trend direction for PRGO stock?
The current trend direction for PERRIGO CO PLC (PRGO) is Bearish.
What is the RSI signal for PERRIGO CO PLC (PRGO) stock?
PERRIGO CO PLC (PRGO) has an RSI value of 14.9576. This indicates that the stock is currently oversold.
What is the short term momentum for PERRIGO CO PLC (PRGO) stock?
The short term momentum for PERRIGO CO PLC (PRGO) is negative.
What are the support and resistance levels for PERRIGO CO PLC (PRGO) stock?
PERRIGO CO PLC (PRGO) has a resistance level at 20.04. Check the full technical report for our detailed analysis of PRGO support and resistance levels.