PERASO INC (PRSO) Technical Analysis
NASDAQ:PRSO • US71360T2006
Current stock price
PRSO Technical Rating and Analysis
Overall PRSO gets a technical rating of 9 out of 10. Although PRSO has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- When comparing the yearly performance of all stocks, we notice that PRSO is one of the better performing stocks in the market, outperforming 95% of all stocks. We also observe that the gains produced by PRSO over the past year are nicely spread over this period.
- PRSO is one of the better performing stocks in the Semiconductors & Semiconductor Equipment industry, it outperforms 79% of 115 stocks in the same industry.
- PRSO has an average volume of 8618460 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 trading in the upper part of its 52 week range, so PRSO is lagging the market slightly.
- In the last month PRSO has a been trading in the 0.81 - 2.16 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
PRSO Weekly and Daily overview Charts
PRSO Setup Rating and Analysis
Although PRSO has an excellent technical rating, it does not present a decent entry opportunity 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.
More info and screens
PRSO Support and Resistance Analysis
0.80
2 important support areas can be observed.
- Support @0.83 from a horizontal line in the daily time frame.
- Support @0.81 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @2.03 from a trend line in the daily time frame.
PRSO 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 | NEUTRAL | NEUTRAL | The long term trend for PRSO is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PRSO is up. |
| ChartMill Relative Strength | 95.45 | POSITIVE | PRSO has a high relative strength, it outperformed 95.45% 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) | 61.04 | NEUTRAL | The RSI value for PRSO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests PRSO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 47.64 | NEUTRAL | The Stochastics value for PRSO is a neutral value. |
| Average True Range in percent/ATR (20) | 11.29 | HIGH VOLATILITY | The high ATR as a percentage value for PRSO suggests high volalility. |
| Average Directional Index/ADX (14) | 27.71 | POSITIVE | The high ADX value value for PRSO suggests a strong trend. |
PRSO Chart- and CandleStick Pattern Analysis
PRSO Technicals: Chart, Performance Metrics, Trend & Indicators
1.49
+0.02 (+1.36%)
PERASO INC / PRSO TA FAQ
What is the ChartMill technical rating of PERASO INC (PRSO) stock?
ChartMill assigns a technical rating of 9 / 10 to PRSO.
What is the current trend direction of PERASO INC (PRSO) stock?
The current trend direction for PERASO INC (PRSO) is Bearish.
Can you provide the RSI signal for PERASO INC?
PERASO INC (PRSO) has an RSI value of 61.0434. This indicates that the stock is currently neutral.
What is the MACD signal for PRSO stock?
The MACD indicator for PERASO INC (PRSO) has a value of 0.0614929, indicating a bearish trend.
Can you provide the support and resistance levels for PERASO INC?
PERASO INC (PRSO) has a support level at 0.83 and a resistance level at 2.03. Check the full technical report for our detailed analysis of PRSO support and resistance levels.