PROVIDENT FINANCIAL HLDGS (PROV) Stock Technical Analysis
USA - NASDAQ:PROV - US7438681014 - Common Stock
15.75 USD
+0.04 (+0.25%)
15.65 USD
-0.1 (-0.63%)
Overall PROV gets a technical rating of 6 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, PROV is only an average performer.
PROV is part of the Banks industry. There are 392 other stocks in this industry, of which 62% are performing better than PROV.
Warning: PROV has an average volume of 6198 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
PROV is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so PROV is lagging the market slightly.
When compared to the yearly performance of all other stocks, PROV outperforms 52% of them, which is more or less in line with the market.
In the last month PROV has a been trading in a tight range between 15.10 and 15.95.
Volume is considerably higher in the last couple of days.
Although the technical rating is only medium, PROV does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 15.75. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 15.68, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
13.71
16.31
We found 3 important support areas.
- A support zone ranging from 15.42 to 15.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 14.94 to 14.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @13.85 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Strong resistance @15.75 from a horizontal line in the daily time frame.
- A resistance zone ranging from 16.04 to 16.15. 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 PROV is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PROV is up. |
| ChartMill Relative Strength | 52.39 | NEUTRAL | PROV is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PROV is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of PROV is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of PROV is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 63.25 | NEUTRAL | The RSI value for PROV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests PROV has a positive trend. |
| Stochastics (14,3) | 56.72 | NEUTRAL | The Stochastics value for PROV is a neutral value. |
| Average True Range in percent/ATR (20) | 1.46 | LOW VOLATILITY | The low ATR as a percentage value for PROV suggests low volalility. |
| Average Directional Index/ADX (14) | 19.64 | NEGATIVE | The low ADX value for PROV 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 |
|---|---|---|---|
| 15.76 | 15.41 | 0.35 (2.22%) | 25.00% |
| An entry @15.76. This is a Buy Stop order right above the resistance zone. | An exit @15.41. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.35 points, which is 2.22%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.56%. |
- 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.
15.75
+0.04 (+0.25%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.25%
1 Week1.03%
2 Weeks1.61%
1 Month4.3%
3 Month2.14%
6 Month13.64%
12 Month10.45%
2 Year20.32%
3 Year10.92%
5 Year32.35%
10 Year-6.14%
15 Year170.62%
Volatility
ATR(14)0.22
ATR(20)%1.46%
ATR Inc-19.25%
Range Today0.19
ADR(20)0.22
ADR(20)%1.39%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS52.39
Mansfield-0.79
10 Day High15.95
10 Day Low15.35
20 Day High15.95
20 Day Low15.1
52 Week High16.7
52 Week Low12.98
CS1 End15.68
CR1 Start15.75
Volume & EV
DER(3)0.49%
DER(5)0.29%
Volume13.40K
Volume Incr75.44%
Vol(5)11.00K
Vol(50)6.20K