PRSO Technical Analysis - PERASO INC

Technical Rating and Analysis

We assign a technical rating of 6 out of 10 to PRSO. Although PRSO is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.

When comparing the yearly performance of all stocks, PRSO is a bad performer in the overall market: 84% of all stocks are doing better.

PRSO is part of the Semiconductors & Semiconductor Equipment industry. There are 112 other stocks in this industry, of which 81% are performing better than PRSO.

The long and short term trends are both positive. This is looking good!

PRSO has an average volume of 4200920 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

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 0.77 - 1.63 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Considerably lower volume is observed in the last couple of days.

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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

PRSO has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

0.78

1.38

5 important support areas can be observed.

Support @1.11 from a horizontal line in the daily time frame.
Support @0.87 from a trend line in the weekly time frame.
Support @0.85 from a trend line in the daily time frame.
Support @0.81 from a horizontal line in the daily time frame.
Support @0.79 from a horizontal line in the daily time frame.

We found 1 important resistance area.

Resistance @1.37 from a trend line in the daily time frame.

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What is Support and Resistance

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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	16.17	NEGATIVE	PRSO has a low relative strength, it was outperformed by 83.83% 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)	DOWN	MIXED	The current price of PRSO is above a declining 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)	54.48	NEUTRAL	The RSI value for PRSO is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0	POSITIVE	The MACD value suggests PRSO has a positive trend, although the MACD value is declining.
Stochastics (14,3)	39.03	NEUTRAL	The Stochastics value for PRSO is a neutral value.
Average True Range in percent/ATR (20)	12.45	HIGH VOLATILITY	The high ATR as a percentage value for PRSO suggests high volalility.
Average Directional Index/ADX (14)	28.79	POSITIVE	The high ADX value value for PRSO suggests a strong trend.