Stock Trend Analysis Report
Prepared for you on Monday, October 18, 2021.
Pingtan Marine Enterprise Ltd. - Ordinary Shares (NASDAQ:PME)
Sidelines Mode (-55) - PME is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid PME?
MarketClub looks at technical strength and momentum to determine if the timing is right for PME.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for PME
The long-term trend has been DOWN since Feb 23rd, 2021 at 1.4200
The intermediate-term trend has been DOWN since Oct 12th, 2021 at 0.6529
The short-term trend has been UP since Oct 14th, 2021 at 0.7001
Smart Scan Analysis for PME
Based on our trend formula, PME is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|Year High||4.2||Year High Date||2018-04-12|
|Year Low||1.71||Year Low Date||2018-10-23|
|52wk High||2.5||52wk High Date||2020-10-26|
|52wk Low||0.5601||52wk Low Date||2021-08-20|
|Average Volume||313,164||Shares Outstanding||85,941|