Pivotal Systems Corporation (ASX: PVS)

Pivotal Systems Corp is a manufacturer and supplier of gas flow controllers (GFCs). It supplies the GFCs to both original equipment manufacturers (OEMs) as well as integrated device manufacturers (IDM) with applications in the production of semiconductors.

Technical Analysis: On the weekly chart, PVS stock price witnessed a breakout of the horizontal trendline support and prices are sustaining below the same. Moreover, the prices are trading below the trend-following indicators 21-period SMA and 50-period SMA, which may act as crucial resistance zone However, the momentum oscillator RSI (14-period) is trading in an oversold zone at ~22.40 level.  A breakout above the horizontal trendline resistance level will add the more bullishness in the prices. An important support level for the stock, is placed at AUD 0.395 while the key resistance level is placed at AUD 0.500.

Considering the company’s current price levels, investing in this stock at such uncertain levels should be taken with a calculated approach; hence a ‘Watch’ stance is suggested. The stock was analysed as per the closing price of AUD 0.435 per share on 11^th April 2022, down by ~5.435%.

Investors can evaluate the stock based on the support and resistance levels provided in the report in case of keen interest taking into consideration the risk-reward scenario.

Weekly Technical Chart – PVS

Source: REFINITIV

Magnis Energy Technologies Limited (ASX: MNS)

Magnis Energy Technologies Limited is an Australian company, which produces lithium-ion battery cells. Magnis has three core areas of focus: battery technologies, giga factories and graphite.

Technical Analysis: On the monthly chart, MNS stock prices are sustaining below the falling trend line resistance level and facing the resistance of the trendline. Moreover, the momentum oscillator RSI (14-period) is trading at ~46.09 level, indicating lack of strength in the stock. Moreover, the prices are trading below the trend-following indicator 21-period SMA, which may act as a resistance zone. An important support level for the stock, is placed at AUD 0.40 while the key resistance level is placed at AUD 0.524.

Considering the company’s current price levels with indecisiveness, investing in this stock at such uncertain levels should be taken with a calculated approach; hence a ‘Watch’ stance is suggested. The stock was analysed as per the closing price of AUD 0.465 per share on 11^th April 2022, down by ~1.064%.

Investors can evaluate the stock based on the support and resistance levels provided in the report in case of keen interest taking into consideration the risk-reward scenario.

Daily Technical Chart – MNS

Source: REFINITIV

Note 1: The reference data in this report has been partly sourced from REFINITIV.

Note 2: Investment decisions should be made depending on the investors’ appetite for upside potential, risks, holding duration, and previous holdings. Investors can consider exiting from the stock if the Target Price mentioned as per the Valuation has been achieved and is subject to the factors discussed above.

Technical Indicators Defined: -

Support: A level where-in the stock prices tend to find support if they are falling, and downtrend may take a pause backed by demand or buying interest.

Resistance: A level where the stock prices tend to find resistance when they are rising, and the uptrend may pause due to profit booking or selling interest. 

The Green colour line reflects the 21-period moving average. SMA helps to identify existing price trends. If the prices are trading above the 21-period, prices are currently in a bullish trend (Vice – Versa).

The Blue colour line reflects the 50-period moving average. SMA helps to identify existing price trends. If the prices are trading above the 50-period, prices are currently in a bullish trend (Vice – Versa).

The Yellow colour line represents the Trendline.

The Purple colour line in the chart’s lower segment reflects the Relative Strength Index (14-Period), which indicates price momentum and signals momentum in trend. A reading of 70 or above suggests overbought status, while a reading of 30 or below suggests an oversold status.

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