Parkervision (PRKR) Stock Technical Analysis
NASDAQ:PRKR
We assign a technical rating of 0 out of 10 to PRKR. PRKR scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, PRKR is a bad performer in the overall market: 98% of all stocks are doing better.
- PRKR is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month PRKR has a been trading in the 0.25 - 0.82 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
The technical rating of PRKR is bad and it also does not present a quality setup 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
0.56
When analyzing the support we notice one important area.
- A support zone ranging from 0.57 to 0.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 0.63 to 0.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.81 from a trend line in the daily time frame.
- Resistance @0.92 from a trend line in the daily 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 PRKR is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PRKR is down. |
| ChartMill Relative Strength | 2.51 | NEGATIVE | PRKR has a low relative strength, it was outperformed by 97.49% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PRKR is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PRKR is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PRKR is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.6 | NEUTRAL | The RSI value for PRKR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests PRKR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 28.33 | NEUTRAL | The Stochastics value for PRKR is a neutral value. |
| Average True Range in percent/ATR (20) | 16.77 | HIGH VOLATILITY | The high ATR as a percentage value for PRKR suggests high volalility. |
NASDAQ:PRKR (9/10/2018, 6:00:02 PM)
0.5825
+0.32 (+124.04%)
Parkervision / PRKR FAQ
What is the ChartMill technical rating of Parkervision (PRKR) stock?
ChartMill assigns a technical rating of 0 / 10 to PRKR.
What is the trend direction for PRKR stock?
The current trend direction for Parkervision (PRKR) is Bearish.
What is the RSI signal for Parkervision (PRKR) stock?
Parkervision (PRKR) has an RSI value of 47.6022. This indicates that the stock is currently neutral.
What is the MACD signal for Parkervision (PRKR) stock?
The MACD indicator for Parkervision (PRKR) has a value of -0.0282614, indicating a bearish trend.
What are the support and resistance levels for Parkervision (PRKR) stock?
Parkervision (PRKR) has a support level at 0.57 and a resistance level at 0.63. Check the full technical report for our detailed analysis of PRKR support and resistance levels.