Perspecta Inc (PRSP) Technical Analysis
NYSE:PRSP
Current stock price
PRSP Technical Rating and Analysis
We assign a technical rating of 6 out of 10 to PRSP. Although PRSP is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- 61% of all other stocks performed better in the past year than PRSP.
- Both the short term and long term trends are positive. This is a very positive sign.
- PRSP is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so PRSP is leading the market.
- PRSP has an average volume of 2024630 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month PRSP has a been trading in a tight range between 29.15 and 29.35.
- Volume is considerably higher in the last couple of days.
PRSP Weekly and Daily overview Charts
PRSP Setup Rating and Analysis
Although the technical rating is only medium, PRSP 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 29.35. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 29.29, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
PRSP Support and Resistance Analysis
19.52
When analyzing the support we can see 2 important areas.
- A support zone ranging from 28.66 to 29.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @19.72 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 29.35 to 29.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
PRSP 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 PRSP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PRSP is up. |
| ChartMill Relative Strength | 39.38 | NEUTRAL | PRSP is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PRSP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PRSP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PRSP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.7 | NEUTRAL | The RSI value for PRSP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests PRSP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 90.07 | OVERBOUGHT | The high Stochastics value suggests PRSP may be overbought. |
| Average True Range in percent/ATR (20) | 0.2 | LOW VOLATILITY | The low ATR as a percentage value for PRSP suggests low volalility. |
PRSP Chart- and CandleStick Pattern Analysis
PRSP Example Setup
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 |
|---|---|---|---|
| 29.36 | 29.21 | 0.15 (0.51%) | 25.00% |
| An entry @29.36. This is a Buy Stop order right above the resistance zone. | An exit @29.21. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.15 points, which is 0.51%. | For a 0.13% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
PRSP Technicals: Chart, Performance Metrics, Trend & Indicators
29.34
0 (0%)
Perspecta Inc / PRSP TA FAQ
Can you provide the ChartMill technical rating for Perspecta Inc?
ChartMill assigns a technical rating of 6 / 10 to PRSP.
What is the trend direction for PRSP stock?
The current trend direction for Perspecta Inc (PRSP) is Bullish.
What is the RSI signal for PRSP stock?
Perspecta Inc (PRSP) has an RSI value of 63.7024. This indicates that the stock is currently neutral.
What is the buy/sell signal for PRSP stock?
The buy/sell signal for Perspecta Inc (PRSP) is buy as both the short term and long term trends are positive.
What is the support and resistance level for PRSP stock?
Perspecta Inc (PRSP) has a support level at 29.29 and a resistance level at 29.35. Check the full technical report for our detailed analysis of PRSP support and resistance levels.