Technical analysis from Pioneer Credit (PNC.AX, ASX:PNC.AX) on the Australian Stock Exchange (ASX). Download the latest price data & trading signals

Pioneer Credit
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Pioneer Credit: Uptrend for the long term trend is continued
Long Trend /
Pioneer Credit: Uptrend for the long term trend is continued

[BULLISH]: Pioneer Credit is in an uptrend in the medium term timeframe. The current rally number is 190 & the highest rally count for the LTM is 190. The highest rally for the month is 15

Market conditions are indicating DVI accumulation has been initiated for PNC
Daily Volume Index /
Market conditions are indicating DVI accumulation has been initiated for PNC

[BULLISH CROSSOVER]: Pioneer Credit current price has highlighted the commencement of accumulation and the start of bullish trading conditions. Currently, the DVI is 507.

Aroon Oscillator /
Pioneer Credit: Aroon oscillator (-96) has confirmed a strong downtrend is present

[BEARISH]: Pioneer Credit has a current ARU(25) of 4 and a current ARD(25) of 100

Short Trend /
The daily range for Pioneer Credit has again achieved a lower low [Downtrend]

[BEARISH]: Pioneer Credit is in a downtrend in the short term timeframe. The current rally number is 2 & the highest rally count for the LTM is 5

Open Tod Vs Close Tod /
Pioneer Credit opened in the upper part of daily range at 100% & closed in the upper part of the trading range at 80.8%. This suggests the sellers have lost control.

[BULLISH]: Pioneer Credit opened in the upper part of daily range at 100% & closed in the upper part of the trading range at 80.8%. This suggests the sellers have lost control. Over the last 12 months there has been 21 trading days with the opening price in the upper shadow & the closing the price in the upper shadow giving a confirmation ratio of 8%. Over the last month there has been 3 trading days with the opening price in the upper price range & the closing the price in the upper price range giving a confirmation ratio of 20%.

Accumulation / Distribution /
PNC: Current trading activity signals distribution is active

[BEARISH]: Pioneer Credit current distribution has given weakness to the share price and the continuation of bearish trading conditions. Currently, the ADLINE is -38709.

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Percentage Volume /
Volume is still above the short term EMA for PNC [Bullish]

[BULLISH]: Pioneer Credit currently has positive PVO 48.4%. The recent volume is gaining momentum through a rise on the short term exponential moving average. Currently, the return on PVO is -9.2%.

Price is currently below the displaced moving average for PNC [Bearish]
Detrended Price Oscillator /
Price is currently below the displaced moving average for PNC [Bearish]

[BEARISH]: Pioneer Credit currently has a confirmed downtrend. Price is currently below the displaced moving average for PNC. Currently, the return on DPO20 is -1.3%.

Market conditions are indicating OBV distribution is current for PNC
On Balance Volume /
Market conditions are indicating OBV distribution is current for PNC

PNC: OBV Current Signal ->(1) 22 Jun: BEARISH (2) 21 Jun: BEARISH (3) 20 Jun: BEARISH

Average Directional Movement /
Recent trading indicates ADX strong trend direction likely for PNC

[Trend]: ADX for PNC has confirmed a strong trend is present. Pioneer Credit has an ATR(14) of 0.086, a DX of 66.62 & an ADX(14) of 29.7

Ulcer Index /
[Low Stress]: Low drawdown associated with recent trading of PNC

[BEARISH]: Pioneer Credit UIX index implies that the downside risk of the current trading price is low. Currently, the UIX is 4.342.

MACD Volume /
The volume MACD continues to rise above the signal line for PNC [Bullish]

[BULLISH]: Pioneer Credit currently has positive Volume MACD of 42917. This means the signal line is greater than the Volume MACD line signalling a bullish movement.

Pioneer Credit: Daily opening price is $3.11
Opening Price /
Pioneer Credit: Daily opening price is $3.11

[BULLISH]: Pioneer Credit opening price has gapped up. Currently, the OPEN is $3.11 (-3.7 %).

CMF Crossover from increased buying pressure for Pioneer Credit
Chaikin Money Flow /
CMF Crossover from increased buying pressure for Pioneer Credit

PNC: Chaikin Oscillator Current Signal -> (1) 22 Jun: BULLISH CROSSOVER (2) 21 Jun: BEARISH CROSSOVER (3) 20 Jun: NEUTRAL

Relative Strength Index /
Relative Strength Oversold signal is still current for Pioneer Credit [Bullish]

[BULLISH]: Pioneer Credit is currently Oversold highlighting the potential for a short term trend reversal in the upward direction. RSI is currently oversold @23.3

Volume /
Strong volume performance from PNC has seen a higher volume of 154.2 [Uptrend]

[BULLISH]: Pioneer Credit current volume uptrend in the first timeframe. Volume for PNC is 571151 (154.2).

Williams %R /
Pioneer Credit is no longer oversold [Neutral]

PNC: William %R Current Signal -> (1) 22 Jun: BEARISH CROSSUNDER (2) 21 Jun: BULLISH (3) 20 Jun: BULLISH CROSSOVER

The EMA trend following signal is still current for Pioneer Credit [Bearish]
Exponential Moving Average /
The EMA trend following signal is still current for Pioneer Credit [Bearish]

[BEARISH]: Pioneer Credit currently has a confirmed downtrend. Recent trading has caused the EMA 5 day average to move below the closing price confirming the short term trend following indicator. Currently, the return on EMA5 is -1.3%.

PPO has negative momentum signalling a continuation of downward price fall for PNC
Percentage Price /
PPO has negative momentum signalling a continuation of downward price fall for PNC

[BEARISH]: Pioneer Credit currently has negative PPO -1.816%. This means the current price is losing momentum through a fall on the short term exponential moving average.

Short positions for Pioneer Credit should be set between $3.007 & $2.904
Pivot Points /
Short positions for Pioneer Credit should be set between $3.007 & $2.904

Pioneer Credit current pivot point is: 3.007. The current resistance levels are: (R1) $3.164: (R2) $3.267: (R3) $3.424: The current support levels are: (S1) $2.904: (S2) $2.747: (S3) $2.644

Volume Rate of Change /
VROC continues to rise for Pioneer Credit signalling an uptrend will persist

PNC: VROC Recent Trading -> (1) 22 Jun: 1404.0000 (2) 21 Jun: 377.0000 (3) 20 Jun: 303.0000

Bull Harami /
Pioneer Credit: Bull Harami

[BULLISH]: Pioneer Credit has formed a new Bull Harami reversal pattern.

Triangular Moving Average /
Triangular Moving Average(5) signal continues for Pioneer Credit indicating downward price movement is likely

PNC: TMA Current Signal -> (1) 22 Jun: BEARISH (2) 21 Jun: BEARISH (3) 20 Jun: BEARISH

Average True Range /
Daily bar has confirmed has confirmed an ATR uptrend is intact for PNC

[Bullish]: Average True Range has confirmed an uptrend is present. Pioneer Credit has a TR of 0.26, and an ATR(14) of 0.086.

[Downtrend]: Recent trading for PNC indicates ST trend is likely to continue
Sine Weighted Moving Average /
[Downtrend]: Recent trading for PNC indicates ST trend is likely to continue

PNC: SWMA Current Signal -> (1) 22 Jun: BEARISH (2) 21 Jun: BEARISH (3) 20 Jun: BEARISH

Daily trading has increased the bear power to drive prices for Pioneer Credit
Elder Ray Index /
Daily trading has increased the bear power to drive prices for Pioneer Credit

PNC: Elder Ray Index Current Signal -> (1) 22 Jun: BEARISH (2) 21 Jun: BEARISH (3) 20 Jun: BULLISH

Fibonacci Extensions /
Pioneer Credit: 1.618 Fibonacci Extension ($3.72)

Pioneer Credit: The current Fibonacci Extension levels are: (23.61%) $2.98: (38.2%) $3.06: (50%) $3.12: (61.8%) $3.18The current support levels are: (78.6%) $3.27: (100%) $3.39: (138.2%) $3.6: (161.8%) $3.72: (261.8%) $4.26: (423.61%) $5.14

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