POSCO HOLDINGS INC -SPON ADR (PKX) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:PKX - US6934831099 - ADR
Taking everything into account, PKX scores 6 out of 10 in our technical rating. PKX has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
PKX has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 53.51, a Stop Loss order could be placed below this zone. 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
43.39
3 important support areas can be observed.
- A support zone ranging from 51.77 to 53.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 46.34 to 46.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @43.83 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- Resistance @53.95 from a trend line in the weekly time frame.
- A resistance zone ranging from 55.11 to 56.39. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @60.08 from a horizontal line in the weekly 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 PKX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PKX is up. |
| ChartMill Relative Strength | 74.67 | POSITIVE | PKX has a high relative strength, it outperformed 74.67% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of PKX is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PKX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PKX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.3 | NEUTRAL | The RSI value for PKX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests PKX has a positive trend. |
| Stochastics (14,3) | 63.14 | NEUTRAL | The Stochastics value for PKX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.5 | MEDIUM VOLATILITY | The ATR as a percentage value for PKX suggests some volalility. |
| Average Directional Index/ADX (14) | 9.45 | NEGATIVE | The low ADX value for PKX suggests a weak or negative 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 |
|---|---|---|---|
| 53.96 | 51.99 | 1.97 (3.65%) | 25.00% |
| An entry @53.96. This is a Buy Stop order right above the resistance zone. | An exit @51.99. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.97 points, which is 3.65%. | For a 0.91% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of PKX. Please evaluate whether better entry and exit points can be found.
- 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.
53.85
+0.52 (+0.98%)
POSCO HOLDINGS INC -SPON ADR / PKX FAQ
Can you provide the ChartMill technical rating for POSCO HOLDINGS INC -SPON ADR?
ChartMill assigns a technical rating of 6 / 10 to PKX.
What is the current trend direction of POSCO HOLDINGS INC -SPON ADR (PKX) stock?
The current trend direction for POSCO HOLDINGS INC -SPON ADR (PKX) is Bullish.
What is the RSI signal for POSCO HOLDINGS INC -SPON ADR (PKX) stock?
POSCO HOLDINGS INC -SPON ADR (PKX) has an RSI value of 52.3. This indicates that the stock is currently neutral.
What is the buy/sell signal for POSCO HOLDINGS INC -SPON ADR (PKX) stock?
The buy/sell signal for POSCO HOLDINGS INC -SPON ADR (PKX) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for POSCO HOLDINGS INC -SPON ADR (PKX) stock?
POSCO HOLDINGS INC -SPON ADR (PKX) has a support level at 53.51 and a resistance level at 53.95. Check the full technical report for our detailed analysis of PKX support and resistance levels.