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Technical Analysis – MAC, PGOLD, PRMX – November 15, 2017

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Macroasia Corporation (MAC) rose sharply today and has made yet another new all-time high today. Moving averages are bullishly aligned with the 15 EMA and 20 SMA acting as support. Volume, however, seems to be weakening. MACD is still bullish. A bearish divergence has been found in the RSI which is at overbought levels still. Support is estimated at 23.96 while we cannot mark resistance since the stock is making new all-time highs.

MAC - Intraday Chart - November 14, 2017

Price-Volume Distribution

Majority of the volume was recorded at price 24.50. Majority of the trades were recorded at the same level. Current price is at 24.45.  This means that 24.50 is a significant level and may act as resistance intraday.

MAC - Price Volume Distribution Intraday - November 15, 2017

Puregold Price Club Inc (PGOLD) continues its downtrend. The 15 EMA and 20 SMA have made a bearish crossover with the 50 SMA. Volume is also huge on the red candles confirming the downtrend. MACD is bearish. RSI is bearish as well and has hit oversold levels. Support is estimated at 48.12 while resistance is expected at 49.35.

PGOLD - Intraday Chart - November 15, 2017

Price-Volume Distribution

Majority of the volume was recorded at price 48.50. Majority of the trades were recorded at the same level. Current price is at 48.50.  This means that this is a significant level and may act as support or resistance intraday.

PGOLD - Price Volume Distribution Intraday - November 15, 2017

Primex Corporation (PRMX) tested support today and support did not hold at 7.01. The moving averages, however, are bullishly aligned with the 15 EMA acting as support. Volume on the red candle is huge today suggesting a possible shift to a bearish bias. MACD is poised for a bearish crossover. RSI is bearish but is currently at neutral levels. Support is estimated at 6.75 while resistance is expected at 7.01.

PRMX - Intraday Chart - November 15, 2017

Price-Volume Distribution

Majority of the volume was recorded at price 6.90. Majority of the trades were recorded at the same level. Current price is at 6.92.  This means that 6.90 is a significant level and may act as support intraday.

PRMX - Price Volume Distribution Intraday - November 15, 2017

This intraday analysis is the free version of our premium Daily Stock Analysis service.  Our premium analysis has these components:

  1. Technical Analysis
  2. Fundamental Analysis
  3. Volume Analysis
  4. Foreign Fund Flow Analysis
  5. Online Foreign Brokers Transaction Analysis
  6. Top 10 Players Analysis
  7. Price-Volume Distribution Analysis
  8. Risk Level Analysis
  9. Analyst’s Overall Sentiment

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