INVESCO DORSEY WRIGHT INDUS (PRN) Stock Technical Analysis
NASDAQ:PRN - Nasdaq - US46137V8458 - ETF - Currency: USD
Taking everything into account, PRN scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, PRN is only an average performer.
Besides having an excellent technical rating, PRN also presents a decent setup pattern. 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 very little resistance above the current price. There is a support zone below the current price at 163.15, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for PRN in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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130.33
When analyzing the support we can see 3 important areas.
- A support zone ranging from 155.64 to 163.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @150.22 from a horizontal line in the daily time frame.
- Support @131.65 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @165.01 from a trend line in the daily time frame.
- Resistance @169.56 from a horizontal 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 | UP | POSITIVE | The long term trend for PRN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PRN is up. |
| ChartMill Relative Strength | 77.46 | POSITIVE | PRN has a high relative strength, it outperformed 77.46% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PRN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PRN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PRN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.79 | NEUTRAL | The RSI value for PRN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.26 | NEGATIVE | The MACD value suggests PRN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 58.52 | NEUTRAL | The Stochastics value for PRN is a neutral value. |
| Average True Range in percent/ATR (20) | 1.49 | LOW VOLATILITY | The low ATR as a percentage value for PRN suggests low volalility. |
| Average Directional Index/ADX (14) | 19.22 | NEGATIVE | The low ADX value for PRN 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 |
|---|---|---|---|
| 165.02 | 157.29 | 7.73 (4.68%) | 21.35% |
| An entry @165.02. This is a Buy Stop order right above the resistance zone. | An exit @157.29. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 7.73 points, which is 4.68%. | When investing 21.35% 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.
NASDAQ:PRN (8/5/2025, 8:00:00 PM)
163.599
+1.55 (+0.95%)