PGIM TOTAL RETURN BOND ETF (PTRB) Stock Technical Analysis
USA - NYSEARCA:PTRB - US69344A8009 - ETF
We assign a technical rating of 5 out of 10 to PTRB. In the last year, PTRB was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
Although the technical rating is only medium, PTRB does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 42.38. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 42.25, 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
40.09
We found 1 important support area.
- A support zone ranging from 40.49 to 42.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 42.38 to 42.99. 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 | UP | POSITIVE | The long term trend for PTRB is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PTRB is neutral. |
| ChartMill Relative Strength | 50.3 | NEUTRAL | PTRB is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of PTRB is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PTRB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PTRB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.94 | NEUTRAL | The RSI value for PTRB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests PTRB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 43.33 | NEUTRAL | The Stochastics value for PTRB is a neutral value. |
| Average True Range in percent/ATR (20) | 0.27 | LOW VOLATILITY | The low ATR as a percentage value for PTRB suggests low volalility. |
| Average Directional Index/ADX (14) | 17.54 | NEGATIVE | The low ADX value for PTRB suggests a weak or negative trend. |
42.27
+0.13 (+0.31%)