PRY Technical Analysis - PRYSMIAN SPA

Technical Rating and Analysis

Taking everything into account, PRY scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, PRY has proven to be a steady performer, scoring decent points in every aspect analyzed.

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

PRY is one of the better performing stocks in the Electrical Equipment industry, it outperforms 83% of 60 stocks in the same industry.

PRY is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month PRY has a been trading in the 72.74 - 81.12 range, which is quite wide. It is currently trading near the high of this range.

PRY has an average volume of 1040490 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Looking at the yearly performance, PRY did better than 87% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.

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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 PRY has an excellent technical rating, the quality of the presented setup is not ideal 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

72.33

81.43

When analyzing the support we can see 2 important areas.

A support zone ranging from 76.36 to 77.79. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A support zone ranging from 73.06 to 73.15. This zone is formed by a combination of multiple trend lines 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 PRY.MI is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for PRY.MI is up.
ChartMill Relative Strength	87.53	POSITIVE	PRY.MI has a high relative strength, it outperformed 87.53% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of PRY.MI is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of PRY.MI is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of PRY.MI is above the rising SMA(200).
Relative Strength Index/RSI (14)	69.59	NEUTRAL	The RSI value for PRY.MI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.17	POSITIVE	The MACD value suggests PRY.MI has a positive trend.
Stochastics (14,3)	90.6	OVERBOUGHT	The high Stochastics value suggests PRY.MI may be overbought.
Average True Range in percent/ATR (20)	2.39	MEDIUM VOLATILITY	The ATR as a percentage value for PRY.MI suggests some volalility.
Average Directional Index/ADX (14)	40.18	POSITIVE	The high ADX value value for PRY.MI suggests a strong trend.