Petrochina Company Ltd (PTR) Technical Analysis
NYSE:PTR • US71646E1001
Current stock price
PTR Technical Rating and Analysis
We assign a technical rating of 4 out of 10 to PTR. PTR 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.
- PTR is part of the Oil, Gas & Consumable Fuels industry. There are 209 other stocks in this industry, of which 60% are performing better than PTR.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- PTR 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.
- When comparing the performance of all stocks over the past year, PTR turns out to be only a medium performer in the overall market: it outperformed 62% of all stocks.
- PTR is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PTR is lagging the market.
PTR Weekly and Daily overview Charts
PTR Setup Rating and Analysis
Although the technical rating is only medium, PTR does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 44.30, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for PTR in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
PTR Support and Resistance Analysis
42.40
2 important support areas can be observed.
- A support zone ranging from 43.79 to 44.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @42.83 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 47.12 to 48.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @52.02 from a trend line in the weekly time frame.
- Resistance @53.30 from a trend line in the daily time frame.
PTR 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 PTR is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PTR is up. |
| ChartMill Relative Strength | 62.71 | NEUTRAL | PTR is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PTR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of PTR is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of PTR is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.06 | NEUTRAL | The RSI value for PTR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.22 | POSITIVE | The MACD value suggests PTR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 74.42 | NEUTRAL | The Stochastics value for PTR is a neutral value. |
| Average True Range in percent/ATR (20) | 3 | MEDIUM VOLATILITY | The ATR as a percentage value for PTR suggests some volalility. |
| Average Directional Index/ADX (14) | 13.87 | NEGATIVE | The low ADX value for PTR suggests a weak or negative trend. |
PTR Chart- and CandleStick Pattern Analysis
PTR Technicals: Chart, Performance Metrics, Trend & Indicators
46.85
-0.24 (-0.51%)
Petrochina Company Ltd / PTR TA FAQ
What is the technical rating for PTR stock?
ChartMill assigns a technical rating of 4 / 10 to PTR.
Can you provide the trend direction for Petrochina Company Ltd?
The current trend direction for Petrochina Company Ltd (PTR) is Bearish.
What is the RSI signal for Petrochina Company Ltd (PTR) stock?
Petrochina Company Ltd (PTR) has an RSI value of 55.0634. This indicates that the stock is currently neutral.
What is the MACD signal for Petrochina Company Ltd (PTR) stock?
The MACD indicator for Petrochina Company Ltd (PTR) has a value of 0.218035, indicating a bearish trend.
What is the short term momentum for PTR stock?
The short term momentum for Petrochina Company Ltd (PTR) is positive.