PACS GROUP INC (PACS) Stock Technical Analysis
NYSE:PACS - US69380Q1076 - Common Stock
11.66 USD
-0.13 (-1.1%)
11.66 USD
0 (0%)
Overall PACS gets a technical rating of 3 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. PACS was also a bad performer in the overall market in the last year.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, PACS is a bad performer in the overall market: 93% of all stocks are doing better.
PACS is one of the lesser performing stocks in the Health Care Providers & Services industry. 74% of 101 stocks in the same industry do better.
PACS is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month PACS has a been trading in the 10.38 - 12.39 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, PACS does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 12.51. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 11.11, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
10.50
13.61
We found 2 important support areas.
- A support zone ranging from 10.98 to 11.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 10.61 to 10.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 12.51 to 12.65. 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.
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 | NEUTRAL | NEUTRAL | The short term trend for PACS is neutral. |
| ChartMill Relative Strength | 7.9 | NEGATIVE | PACS has a low relative strength, it was outperformed by 92.1% 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 | MIXED | The current price of PACS is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PACS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.56 | NEUTRAL | The RSI value for PACS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests PACS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 61.01 | NEUTRAL | The Stochastics value for PACS is a neutral value. |
| Average True Range in percent/ATR (20) | 4.04 | MEDIUM VOLATILITY | The ATR as a percentage value for PACS suggests some volalility. |
| Average Directional Index/ADX (14) | 14.41 | NEGATIVE | The low ADX value for PACS suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
11.66
-0.13 (-1.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg-1.1%
1 Week-1.52%
2 Weeks4.2%
1 Month1.13%
3 Month17.54%
6 Month-10.51%
12 Month-70.61%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.44
ATR(20)%4.04%
ATR Inc-10.42%
Range Today0.49
ADR(20)0.45
ADR(20)%3.9%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS7.9
Mansfield-3.91
10 Day High12.39
10 Day Low11.02
20 Day High12.39
20 Day Low10.38
52 Week High43.92
52 Week Low8.28
CS1 End11.11
CR1 Start12.51
Volume & EV
DER(3)0.56%
DER(5)1.3%
Volume590.15K
Volume Incr1.02%
Vol(5)452.18K
Vol(50)616.05K