PERMIANVILLE ROYALTY TRUST (PVL) Technical Analysis
NYSE:PVL • US71425H1005
We assign a technical rating of 1 out of 10 to PVL. PVL's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- 62% of all other stocks performed better in the past year than PVL.
- PVL is part of the Oil, Gas & Consumable Fuels industry. There are 207 other stocks in this industry, of which 79% are performing better than PVL.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- PVL is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PVL is lagging the market.
- In the last month PVL has a been trading in the 1.61 - 1.81 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
Although the technical rating is bad, PVL does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 1.75. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.62, a Stop Loss order could be placed below this zone.
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1.58
When analyzing the support we notice one important area.
- A support zone ranging from 1.60 to 1.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 1.75 to 1.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 1.86 to 1.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.00 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 | NEUTRAL | NEUTRAL | The long term trend for PVL is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PVL is neutral. |
| ChartMill Relative Strength | 38.4 | NEUTRAL | PVL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PVL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PVL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of PVL is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.1 | NEUTRAL | The RSI value for PVL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests PVL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 50 | NEUTRAL | The Stochastics value for PVL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.2 | MEDIUM VOLATILITY | The ATR as a percentage value for PVL suggests some volalility. |
| Average Directional Index/ADX (14) | 21.62 | NEUTRAL | The ADX value for PVL suggests a possible start of a new trend. |
PVL Technicals: Chart, Performance Metrics, Trend & Indicators
1.7
+0.04 (+2.41%)
PERMIANVILLE ROYALTY TRUST / PVL FAQ
What is the ChartMill technical rating of PERMIANVILLE ROYALTY TRUST (PVL) stock?
ChartMill assigns a technical rating of 1 / 10 to PVL.
What is the current trend direction of PERMIANVILLE ROYALTY TRUST (PVL) stock?
The current trend direction for PERMIANVILLE ROYALTY TRUST (PVL) is Bearish.
What is the RSI signal for PERMIANVILLE ROYALTY TRUST (PVL) stock?
PERMIANVILLE ROYALTY TRUST (PVL) has an RSI value of 46.0985. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for PERMIANVILLE ROYALTY TRUST?
PERMIANVILLE ROYALTY TRUST (PVL) has a support level at 1.62 and a resistance level at 1.75. Check the full technical report for our detailed analysis of PVL support and resistance levels.