Prgx Global Inc (PRGX) Technical Analysis
NASDAQ:PRGX
Current stock price
PRGX Technical Rating and Analysis
Overall PRGX gets a technical rating of 10 out of 10. Both in the recent history as in the last year, PRGX has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that PRGX is one of the better performing stocks in the market, outperforming 80% of all stocks. We also observe that the gains produced by PRGX over the past year are nicely spread over this period.
- PRGX is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so PRGX is leading the market.
- In the last month PRGX has a been trading in a tight range between 7.39 and 7.75.
- Considerably lower volume is observed in the last couple of days.
PRGX Weekly and Daily overview Charts
PRGX Setup Rating and Analysis
Besides having an excellent technical rating, PRGX also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. 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
PRGX Support and Resistance Analysis
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.
When analyzing the resistance we notice one important 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.
PRGX 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 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. |
PRGX Chart- and CandleStick Pattern Analysis
PRGX Example Setup
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.
PRGX Technicals: Chart, Performance Metrics, Trend & Indicators
7.71
+0.01 (+0.13%)
Prgx Global Inc / PRGX TA 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 trend direction for 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.
What is the MACD signal for PRGX stock?
The MACD indicator for Prgx Global Inc (PRGX) has a value of 0.00403457, indicating a bearish trend.
Can you provide the short term momentum for Prgx Global Inc?
The short term momentum for Prgx Global Inc (PRGX) is positive.