Prgx Global Inc (PRGX) Stock Technical Analysis
USA - NASDAQ:PRGX -
We assign a technical rating of 10 out of 10 to PRGX. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, PRGX is showing a nice and steady performance.
PRGX 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 7.72. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 7.63, a Stop Loss order could be placed below this zone.
More info and screens
6.15
When analyzing the support we can see 4 important areas.
- A support zone ranging from 7.48 to 7.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @6.82 from a trend line in the weekly time frame.
- Support @6.56 from a trend line in the weekly time frame.
- Support @6.21 from a trend line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 7.72 to 7.75. 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 PRGX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PRGX is up. |
| ChartMill Relative Strength | 80.42 | POSITIVE | PRGX has a high relative strength, it outperformed 80.42% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PRGX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PRGX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PRGX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.58 | NEUTRAL | The RSI value for PRGX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests PRGX has a positive trend. |
| Stochastics (14,3) | 81.38 | OVERBOUGHT | The high Stochastics value suggests PRGX may be overbought. |
| Average True Range in percent/ATR (20) | 1.14 | LOW VOLATILITY | The low ATR as a percentage value for PRGX suggests low volalility. |
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 |
|---|---|---|---|
| 7.76 | 7.54 | 0.22 (2.84%) | 25.00% |
| An entry @7.76. This is a Buy Stop order right above the resistance zone. | An exit @7.54. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.22 points, which is 2.84%. | For a 0.71% total portfolio risk, you can invest 25.00% 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.
7.71
+0.01 (+0.13%)
Prgx Global Inc / PRGX FAQ
What is the ChartMill technical rating of Prgx Global Inc (PRGX) stock?
ChartMill assigns a technical rating of 10 / 10 to PRGX.
What is the current trend direction of Prgx Global Inc (PRGX) stock?
The current trend direction for Prgx Global Inc (PRGX) is Bullish.
Can you provide the RSI signal for Prgx Global Inc?
Prgx Global Inc (PRGX) has an RSI value of 65.5774. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for Prgx Global Inc?
The buy/sell signal for Prgx Global Inc (PRGX) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for Prgx Global Inc (PRGX) stock?
Prgx Global Inc (PRGX) has a support level at 7.63 and a resistance level at 7.72. Check the full technical report for our detailed analysis of PRGX support and resistance levels.