PRSO Technical Analysis - PERASO INC

Technical Rating and Analysis

Taking everything into account, PRSO scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, PRSO is showing a nice and steady performance.

Both the short term and long term trends are positive. This is a very positive sign.

PRSO has an average volume of 4792710 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

When comparing the yearly performance of all stocks, we notice that PRSO is one of the better performing stocks in the market, outperforming 83% of all stocks. However, this relatively good performance is mostly due to a recent big move.

PRSO is part of the Semiconductors & Semiconductor Equipment industry. There are 112 other stocks in this industry, PRSO did better than 66% of them.

PRSO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PRSO is lagging the market.

In the last month PRSO has a been trading in the 1.08 - 2.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although PRSO has an excellent technical rating, it does not offer a high 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.78

1.57

We found 4 important support areas.

Support @0.91 from a trend line in the weekly time frame.
Support @0.88 from a trend line in the daily time frame.
Support @0.83 from a horizontal line in the daily time frame.
Support @0.79 from a horizontal line in the daily time frame.

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Technical Indicator Signal Analysis

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 PRSO is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for PRSO is up.
ChartMill Relative Strength	83.97	POSITIVE	PRSO has a high relative strength, it outperformed 83.97% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of PRSO is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of PRSO is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of PRSO is above the rising SMA(200).
Relative Strength Index/RSI (14)	68.56	NEUTRAL	The RSI value for PRSO is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.03	POSITIVE	The MACD value suggests PRSO has a positive trend.
Stochastics (14,3)	65.06	NEUTRAL	The Stochastics value for PRSO is a neutral value.
Average True Range in percent/ATR (20)	7.66	HIGH VOLATILITY	The high ATR as a percentage value for PRSO suggests high volalility.
Average Directional Index/ADX (14)	37.61	POSITIVE	The high ADX value value for PRSO suggests a strong trend.