POWERFLEET INC (PWFL) Stock Technical Analysis
USA - NASDAQ:PWFL - US73931J1097 - Common Stock
Overall PWFL gets a technical rating of 7 out of 10. 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.
Although PWFL has an excellent technical rating, it does not present a decent entry opportunity 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.
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3.87
When analyzing the support we can see 3 important areas.
- 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.
2 important resistance areas can be observed.
- 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. |
4.57
+0.01 (+0.22%)
POWERFLEET INC / PWFL FAQ
What is the technical rating for PWFL stock?
ChartMill assigns a technical rating of 7 / 10 to PWFL.
What is the trend direction for PWFL stock?
The current trend direction for POWERFLEET INC (PWFL) is Bullish.
What is the RSI signal for POWERFLEET INC (PWFL) stock?
POWERFLEET INC (PWFL) has an RSI value of 47.7077. This indicates that the stock is currently neutral.
What is the support and resistance level for PWFL stock?
POWERFLEET INC (PWFL) has a support level at 4.28 and a resistance level at 4.58. Check the full technical report for our detailed analysis of PWFL support and resistance levels.