PROTO LABS INC (PRLB) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:PRLB - US7437131094 - Common Stock
Overall PRLB gets a technical rating of 7 out of 10. Although PRLB is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Besides having an excellent technical rating, PRLB also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 51.13, a Stop Loss order could be placed below this zone.
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38.97
4 important support areas can be observed.
- A support zone ranging from 49.79 to 51.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 47.70 to 48.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @46.80 from a horizontal line in the daily time frame.
- Support @39.36 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 54.65 to 55.28. 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 PRLB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PRLB is up. |
| ChartMill Relative Strength | 77.59 | POSITIVE | PRLB has a high relative strength, it outperformed 77.59% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PRLB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PRLB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PRLB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.06 | NEUTRAL | The RSI value for PRLB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.35 | POSITIVE | The MACD value suggests PRLB has a positive trend. |
| Stochastics (14,3) | 82.54 | OVERBOUGHT | The high Stochastics value suggests PRLB may be overbought. |
| Average True Range in percent/ATR (20) | 2.67 | MEDIUM VOLATILITY | The ATR as a percentage value for PRLB suggests some volalility. |
| Average Directional Index/ADX (14) | 16.69 | NEGATIVE | The low ADX value for PRLB suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 55.29 | 49.78 | 5.51 (9.97%) | 10.03% |
| An entry @55.29. This is a Buy Stop order right above the resistance zone. | An exit @49.78. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 5.51 points, which is 9.97%. | For a 1.00% total portfolio risk, you can invest 10.03% 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.
52.45
+1.22 (+2.38%)
PROTO LABS INC / PRLB FAQ
Can you provide the ChartMill technical rating for PROTO LABS INC?
ChartMill assigns a technical rating of 7 / 10 to PRLB.
What is the trend direction for PRLB stock?
The current trend direction for PROTO LABS INC (PRLB) is Bullish.
What is the RSI signal for PROTO LABS INC (PRLB) stock?
PROTO LABS INC (PRLB) has an RSI value of 59.06. This indicates that the stock is currently neutral.
What is the MACD signal for PRLB stock?
The MACD indicator for PROTO LABS INC (PRLB) has a value of 0.349206, indicating a bearish trend.
Can you provide the support and resistance levels for PROTO LABS INC?
PROTO LABS INC (PRLB) has a support level at 51.13 and a resistance level at 54.65. Check the full technical report for our detailed analysis of PRLB support and resistance levels.