PROTO LABS INC (PRLB) Stock Technical Analysis
NYSE:PRLB - New York Stock Exchange, Inc. - US7437131094 - Common Stock - Currency: USD
Overall PRLB gets a technical rating of 6 out of 10. PRLB was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
PRLB is part of the Machinery industry. There are 128 other stocks in this industry. PRLB outperforms 74% of them.
When comparing the yearly performance of all stocks, we notice that PRLB is one of the better performing stocks in the market, outperforming 82% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
PRLB is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so PRLB is lagging the market slightly.
In the last month PRLB has a been trading in the 36.15 - 40.42 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, PRLB does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 37.68, a Stop Loss order could be placed below this zone.
More info and screens
28.66
42.07
4 important support areas can be observed.
- A support zone ranging from 36.52 to 37.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @34.00 from a trend line in the weekly time frame.
- Support @33.07 from a trend line in the daily time frame.
- Support @28.95 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 38.05 to 38.77. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 39.89 to 40.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 41.09 to 41.65. 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 | NEUTRAL | NEUTRAL | The short term trend for PRLB is neutral. |
| ChartMill Relative Strength | 82.24 | POSITIVE | PRLB has a high relative strength, it outperformed 82.24% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PRLB is below a declining 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) | 48.89 | NEUTRAL | The RSI value for PRLB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests PRLB has a negative trend. |
| Stochastics (14,3) | 57.92 | NEUTRAL | The Stochastics value for PRLB is a neutral value. |
| Average True Range in percent/ATR (20) | 2.61 | MEDIUM VOLATILITY | The ATR as a percentage value for PRLB suggests some volalility. |
| Average Directional Index/ADX (14) | 12.17 | NEGATIVE | The low ADX value for PRLB suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 38.78 | 37.15 | 1.63 (4.20%) | 23.83% |
| An entry @38.78. This is a Buy Stop order right above the resistance zone. | An exit @37.15. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.63 points, which is 4.20%. | When investing 23.83% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
38.02
-0.13 (-0.34%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg-0.34%
1 Week-3.31%
2 Weeks0.45%
1 Month-6.97%
3 Month4.8%
6 Month-6.63%
12 Month26.44%
2 Year8.75%
3 Year-20.53%
5 Year-66.2%
10 Year-43.66%
15 YearN/A
Volatility
ATR(14)0.89
ATR(20)%2.61%
ATR Inc-16.08%
Range Today0.73
ADR(20)0.85
ADR(20)%2.25%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.24
Mansfield0.26
10 Day High39.81
10 Day Low37.16
20 Day High40.42
20 Day Low36.15
52 Week High46.73
52 Week Low25.76
CS1 End37.68
CR1 Start38.05
Volume & EV
DER(3)0.49%
DER(5)-0.35%
Volume144.80K
Volume Incr-21.54%
Vol(5)172.54K
Vol(50)219.78K