PACS Technical Analysis - PACS GROUP INC

Technical Rating and Analysis

Overall PACS gets a technical rating of 3 out of 10. In the past year, PACS was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.

96% of all other stocks performed better in the past year than PACS.

PACS is part of the Health Care Providers & Services industry. There are 101 other stocks in this industry, of which 82% are performing better than PACS.

PACS is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

In the last month PACS has a been trading in the 7.50 - 12.39 range, which is quite wide. It is currently trading near the high of this range.

Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.

The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

PACS GROUP INC / PACS Weekly stock chart

Setup Rating and Analysis

The technical rating of PACS is bad and it also does not present a quality setup 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

11.85

13.61

When analyzing the resistance we notice 2 important areas.

A resistance zone ranging from 12.30 to 12.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
A resistance zone ranging from 13.19 to 13.48. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

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Technical Indicator Signal Analysis

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	DOWN	NEGATIVE	The long term trend for PACS is down.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for PACS is up.
ChartMill Relative Strength	4.35	NEGATIVE	PACS has a low relative strength, it was outperformed by 95.65% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of PACS is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	MIXED	The current price of PACS is above a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of PACS is above a declining SMA(200).
Relative Strength Index/RSI (14)	57.89	NEUTRAL	The RSI value for PACS is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.21	POSITIVE	The MACD value suggests PACS has a positive trend.
Stochastics (14,3)	91.67	OVERBOUGHT	The high Stochastics value suggests PACS may be overbought.
Average True Range in percent/ATR (20)	6.73	HIGH VOLATILITY	The high ATR as a percentage value for PACS suggests high volalility.
Average Directional Index/ADX (14)	15.55	NEGATIVE	The low ADX value for PACS suggests a weak or negative trend.