PACS GROUP INC (PACS) Stock Technical Analysis
NYSE:PACS • US69380Q1076
Taking everything into account, PACS scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, PACS is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, PACS did better than 97% of all other stocks.
- PACS is one of the better performing stocks in the Health Care Providers & Services industry, it outperforms 99% of 101 stocks in the same industry.
- 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 1098280 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month PACS has a been trading in the 33.11 - 42.09 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, PACS also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. We notice that large players showed an interest for PACS in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
33.41
When analyzing the support we can see 2 important areas.
- Support @34.93 from a trend line in the daily time frame.
- A support zone ranging from 33.75 to 34.19. This zone is formed by a combination of multiple trend lines and important moving averages 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 | UP | POSITIVE | The short term trend for PACS is up. |
| ChartMill Relative Strength | 97.56 | POSITIVE | PACS has a high relative strength, it outperformed 97.56% 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) | 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) | 54.71 | NEUTRAL | The RSI value for PACS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests PACS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 62.22 | NEUTRAL | The Stochastics value for PACS is a neutral value. |
| Average True Range in percent/ATR (20) | 4.99 | MEDIUM VOLATILITY | The ATR as a percentage value for PACS suggests some volalility. |
| Average Directional Index/ADX (14) | 24.99 | NEUTRAL | The ADX value for PACS suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 41.29 | 36.86 | 4.43 (10.72%) | 9.32% |
| An entry @41.29. This is a Buy Stop order right above the resistance zone. | An exit @36.86. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 4.43 points, which is 10.72%. | When investing 9.32% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
38.68
+0.05 (+0.13%)
PACS GROUP INC / PACS FAQ
What is the technical rating for PACS stock?
ChartMill assigns a technical rating of 10 / 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 54.7094. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for PACS GROUP INC?
The buy/sell signal for PACS GROUP INC (PACS) is buy as both the short term and long term trends are positive.
What is the support and resistance level for PACS stock?
PACS GROUP INC (PACS) has a support level at 34.93 and a resistance level at 41.28. Check the full technical report for our detailed analysis of PACS support and resistance levels.