PACS GROUP INC (PACS) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:PACS • US69380Q1076
Overall PACS gets a technical rating of 7 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- PACS is part of the Health Care Providers & Services industry. There are 102 other stocks in this industry. PACS outperforms 99% of them.
- PACS is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so PACS is lagging the market slightly.
- PACS has an average volume of 1259250 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, PACS did better than 99% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
- In the last month PACS has a been trading in the 33.11 - 43.08 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although PACS has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
33.41
2 important support areas can be observed.
- A support zone ranging from 35.16 to 35.85. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 33.75 to 34.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @41.28 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 PACS is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PACS is neutral. |
| ChartMill Relative Strength | 99.11 | POSITIVE | PACS has a high relative strength, it outperformed 99.11% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PACS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PACS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PACS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.43 | NEUTRAL | The RSI value for PACS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.27 | NEGATIVE | The MACD value suggests PACS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 44.83 | NEUTRAL | The Stochastics value for PACS is a neutral value. |
| Average True Range in percent/ATR (20) | 4.96 | MEDIUM VOLATILITY | The ATR as a percentage value for PACS suggests some volalility. |
| Average Directional Index/ADX (14) | 27.4 | POSITIVE | The high ADX value value for PACS suggests a strong trend. |
36.87
+1.02 (+2.85%)
PACS GROUP INC / PACS FAQ
What is the technical rating for PACS stock?
ChartMill assigns a technical rating of 7 / 10 to PACS.
What is the current trend direction of PACS GROUP INC (PACS) stock?
The current trend direction for PACS GROUP INC (PACS) is Bullish.
What is the RSI signal for PACS stock?
PACS GROUP INC (PACS) has an RSI value of 54.4281. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for PACS GROUP INC?
PACS GROUP INC (PACS) has a support level at 35.85 and a resistance level at 41.28. Check the full technical report for our detailed analysis of PACS support and resistance levels.