We assign a technical rating of 0 out of 10 to PYR. PYR scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, PYR does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. We notice that large players showed an interest for PYR in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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When analyzing the support we notice one important area.
- Support @0.36 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @0.38 from a trend line in the daily time frame.
- A resistance zone ranging from 0.41 to 0.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @0.52 from a trend 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 | DOWN | NEGATIVE | The long term trend for PYR is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PYR is down. |
| ChartMill Relative Strength | 8.22 | NEGATIVE | PYR has a low relative strength, it was outperformed by 91.78% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of PYR is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PYR is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PYR is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.01 | NEUTRAL | The RSI value for PYR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests PYR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 61.23 | NEUTRAL | The Stochastics value for PYR is a neutral value. |
| Average True Range in percent/ATR (20) | 12.07 | HIGH VOLATILITY | The high ATR as a percentage value for PYR suggests high volalility. |
| Average Directional Index/ADX (14) | 25.79 | POSITIVE | The high ADX value value for PYR suggests a strong trend. |
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PYROGENESIS CANADA INC / PYR FAQ
What is the technical rating for PYR stock?
ChartMill assigns a technical rating of 0 / 10 to PYR.
What is the current trend direction of PYROGENESIS CANADA INC (PYR) stock?
The current trend direction for PYROGENESIS CANADA INC (PYR) is Bearish.
What is the RSI signal for PYR stock?
PYROGENESIS CANADA INC (PYR) has an RSI value of 47.0092. This indicates that the stock is currently neutral.
What is the MACD signal for PYROGENESIS CANADA INC (PYR) stock?
The MACD indicator for PYROGENESIS CANADA INC (PYR) has a value of 0.00766871, indicating a bearish trend.
What is the buy/sell signal for PYR stock?
The buy/sell signal for PYROGENESIS CANADA INC (PYR) is sell as both the short term and long term trends are negative.