PROPETRO HOLDING CORP (PUMP) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:PUMP - US74347M1080 - Common Stock
We assign a technical rating of 9 out of 10 to PUMP. Both in the recent history as in the last year, PUMP 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!
- PUMP is one of the better performing stocks in the Energy Equipment & Services industry, it outperforms 81% of 62 stocks in the same industry.
- PUMP is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so PUMP is lagging the market slightly.
- In the last month PUMP has a been trading in the 8.86 - 10.97 range, which is quite wide. It is currently trading near the high of this range.
- PUMP has an average volume of 2367840 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, PUMP did better than 90% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
PUMP has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 10.90. Right above this resistance zone may be a good entry point. 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
8.94
We found 1 important support area.
- A support zone ranging from 9.03 to 9.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 10.90 to 10.92. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Resistance @11.10 from a horizontal line in the daily time frame.
- Resistance @11.31 from a horizontal 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 PUMP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PUMP is up. |
| ChartMill Relative Strength | 90.34 | POSITIVE | PUMP has a high relative strength, it outperformed 90.34% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PUMP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PUMP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PUMP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.6 | NEUTRAL | The RSI value for PUMP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests PUMP has a positive trend. |
| Stochastics (14,3) | 69.02 | NEUTRAL | The Stochastics value for PUMP is a neutral value. |
| Average True Range in percent/ATR (20) | 4.68 | MEDIUM VOLATILITY | The ATR as a percentage value for PUMP suggests some volalility. |
| Average Directional Index/ADX (14) | 27.17 | POSITIVE | The high ADX value value for PUMP suggests a strong trend. |
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 |
|---|---|---|---|
| 10.93 | 9.12 | 1.81 (16.56%) | 6.04% |
| An entry @10.93. This is a Buy Stop order right above the resistance zone. | An exit @9.12. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.81 points, which is 16.56%. | When investing 6.04% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
10.29
-0.13 (-1.25%)
PROPETRO HOLDING CORP / PUMP FAQ
What is the ChartMill technical rating of PROPETRO HOLDING CORP (PUMP) stock?
ChartMill assigns a technical rating of 9 / 10 to PUMP.
Can you provide the trend direction for PROPETRO HOLDING CORP?
The current trend direction for PROPETRO HOLDING CORP (PUMP) is Bullish.
What is the RSI signal for PROPETRO HOLDING CORP (PUMP) stock?
PROPETRO HOLDING CORP (PUMP) has an RSI value of 59.6047. This indicates that the stock is currently neutral.
Can you provide the short term momentum for PROPETRO HOLDING CORP?
The short term momentum for PROPETRO HOLDING CORP (PUMP) is positive.
What is the buy/sell signal for PROPETRO HOLDING CORP (PUMP) stock?
The buy/sell signal for PROPETRO HOLDING CORP (PUMP) is buy as both the short term and long term trends are positive.