POWERFLEET INC (PWFL) Stock Technical Analysis
NASDAQ:PWFL - Nasdaq - US73931J1097 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to PWFL. 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 long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
Looking at the yearly performance, PWFL did better than 86% of all other stocks.
PWFL 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 PWFL is lagging the market slightly.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
PWFL has an average volume of 1057690 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
PWFL is an average performer in the Electronic Equipment, Instruments & Components industry, it outperforms 62% of 124 stocks in the same industry.
In the last month PWFL has a been trading in the 4.11 - 5.49 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although PWFL has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
3.87
5.39
3 important support areas can be observed.
- A support zone ranging from 4.27 to 4.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @4.16 from a horizontal line in the daily time frame.
- Support @3.91 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 4.58 to 4.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @5.34 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 PWFL is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PWFL is neutral. |
| ChartMill Relative Strength | 86.16 | POSITIVE | PWFL has a high relative strength, it outperformed 86.16% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PWFL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of PWFL is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PWFL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.71 | NEUTRAL | The RSI value for PWFL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests PWFL has a positive trend. |
| Stochastics (14,3) | 53.18 | NEUTRAL | The Stochastics value for PWFL is a neutral value. |
| Average True Range in percent/ATR (20) | 5.3 | HIGH VOLATILITY | The high ATR as a percentage value for PWFL suggests high volalility. |
| Average Directional Index/ADX (14) | 32.21 | POSITIVE | The high ADX value value for PWFL suggests a strong 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)
4.57
+0.01 (+0.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg0.22%
1 Week6.78%
2 Weeks0.22%
1 Month-15.84%
3 Month-14.42%
6 Month33.63%
12 Month52.33%
2 Year110.6%
3 Year-36.53%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.22
ATR(20)%5.3%
ATR Inc82.57%
Range Today0.33
ADR(20)0.24
ADR(20)%5.22%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.16
Mansfield2.7
10 Day High4.84
10 Day Low4.11
20 Day High5.49
20 Day Low4.11
52 Week High5.67
52 Week Low1.64
CS1 End4.28
CR1 Start4.58
Volume & EV
DER(3)0.21%
DER(5)1.12%
Volume13.70M
Volume Incr491.06%
Vol(5)3.78M
Vol(50)1.06M