PARAZERO TECHNOLOGIES LTD (PRZO) Stock Technical Analysis
NASDAQ:PRZO - Nasdaq - IL0011857013 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to PRZO. PRZO has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
PRZO is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so PRZO is lagging the market.
PRZO is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
When compared to the yearly performance of all other stocks, PRZO outperforms 64% of them, which is more or less in line with the market.
PRZO is part of the Electronic Equipment, Instruments & Components industry. There are 125 other stocks in this industry, PRZO did better than 60% of them.
Although the technical rating is only medium, PRZO does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 0.95. Right above this resistance zone may be a good entry point.
More info and screens
0.53
0.97
We found 4 important support areas.
- Support @0.60 from a trend line in the weekly time frame.
- Support @0.58 from a horizontal line in the weekly time frame.
- A support zone ranging from 0.56 to 0.56. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @0.54 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 0.95 to 0.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | DOWN | NEGATIVE | The long term trend for PRZO is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PRZO is up. |
| ChartMill Relative Strength | 64.28 | NEUTRAL | PRZO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PRZO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PRZO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of PRZO is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.14 | NEUTRAL | The RSI value for PRZO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests PRZO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 48.64 | NEUTRAL | The Stochastics value for PRZO is a neutral value. |
| Average True Range in percent/ATR (20) | 11.07 | HIGH VOLATILITY | The high ATR as a percentage value for PRZO suggests high volalility. |
| Average Directional Index/ADX (14) | 24.49 | NEUTRAL | The ADX value for PRZO suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
0.8868
-0.01 (-1.46%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg-1.46%
1 Week0.12%
2 Weeks-2.74%
1 Month44.36%
3 Month-24.21%
6 Month52.61%
12 Month28.97%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.08
ATR(20)%11.07%
ATR Inc-49.64%
Range Today0.05
ADR(20)0.09
ADR(20)%9.97%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS64.28
Mansfield-0.75
10 Day High0.98
10 Day Low0.8
20 Day High1.04
20 Day Low0.65
52 Week High3.16
52 Week Low0.49
CS1 End0.78
CR1 Start0.95
Volume & EV
DER(3)-19.01%
DER(5)-10.57%
Volume389.82K
Volume Incr-65.77%
Vol(5)409.82K
Vol(50)651.74K