PARAZERO TECHNOLOGIES LTD (PRZO) Stock Technical Analysis
USA - NASDAQ:PRZO - IL0011857013 - Common Stock
1.57 USD
-0.06 (-3.68%)
1.59 USD
+0.02 (+1.27%)
Overall PRZO gets a technical rating of 9 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
When comparing the yearly performance of all stocks, we notice that PRZO is one of the better performing stocks in the market, outperforming 93% of all stocks. We also observe that the gains produced by PRZO over the past year are nicely spread over this period.
PRZO is one of the better performing stocks in the Electronic Equipment, Instruments & Components industry, it outperforms 78% of 124 stocks in the same industry.
PRZO is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PRZO is lagging the market.
In the last month PRZO has a been trading in the 1.48 - 1.90 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
PRZO has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 1.56, a Stop Loss order could be placed below this zone.
More info and screens
0.57
1.99
5 important support areas can be observed.
- A support zone ranging from 1.52 to 1.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.45 from a trend line in the daily time frame.
- Support @1.35 from a trend line in the daily time frame.
- Support @1.26 from a horizontal line in the daily time frame.
- Support @0.58 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 1.67 to 1.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 1.71 to 1.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.79 from a horizontal line in the daily time frame.
- Resistance @1.86 from a trend line in the daily time frame.
- Resistance @1.97 from a trend line in the daily time frame.
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 PRZO is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PRZO is neutral. |
| ChartMill Relative Strength | 93.02 | POSITIVE | PRZO has a high relative strength, it outperformed 93.02% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PRZO is below a declining 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) | DOWN | MIXED | The current price of PRZO is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.01 | NEUTRAL | The RSI value for PRZO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests PRZO has a negative trend. |
| Stochastics (14,3) | 37.3 | NEUTRAL | The Stochastics value for PRZO is a neutral value. |
| Average True Range in percent/ATR (20) | 8.34 | HIGH VOLATILITY | The high ATR as a percentage value for PRZO suggests high volalility. |
| Average Directional Index/ADX (14) | 19.6 | NEGATIVE | The low ADX value for PRZO suggests a weak or negative 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)
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 |
|---|---|---|---|
| 1.69 | 1.56 | 0.13 (7.69%) | 13.00% |
| An entry @1.69. This is a Buy Stop order right above the resistance zone. | An exit @1.56. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.13 points, which is 7.69%. | For a 1.00% total portfolio risk, you can invest 13.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of PRZO. Please evaluate whether better entry and exit points can be found.
- 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.
1.57
-0.06 (-3.68%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg-3.68%
1 Week-5.99%
2 Weeks-7.65%
1 Month-3.09%
3 Month-18.65%
6 Month153.23%
12 Month138.24%
2 Year-5.99%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.13
ATR(20)%8.34%
ATR Inc38.42%
Range Today0.14
ADR(20)0.12
ADR(20)%7.7%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.02
Mansfield1.18
10 Day High1.9
10 Day Low1.57
20 Day High1.9
20 Day Low1.48
52 Week High3.16
52 Week Low0.53
CS1 End1.56
CR1 Start1.67
Volume & EV
DER(3)-9.73%
DER(5)-6.61%
Volume749.00K
Volume Incr-10.97%
Vol(5)1.05M
Vol(50)899.85K