PENSKE AUTOMOTIVE GROUP INC (PAG) Stock Technical Analysis
NYSE:PAG - New York Stock Exchange, Inc. - US70959W1036 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to PAG. Although PAG is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
PAG is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month PAG has a been trading in the 164.92 - 186.55 range, which is quite wide. It is currently trading near the high of this range.
When comparing the performance of all stocks over the past year, PAG turns out to be only a medium performer in the overall market: it outperformed 64% of all stocks.
PAG is part of the Specialty Retail industry. There are 124 other stocks in this industry, PAG did better than 64% of them.
PAG has an excellent technical rating, but the quality of the setup is only medium 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
143.31
187.69
We found 3 important support areas.
- A support zone ranging from 170.96 to 173.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 162.16 to 165.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @144.76 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 183.08 to 185.83. 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 | UP | POSITIVE | The long term trend for PAG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PAG is up. |
| ChartMill Relative Strength | 64.02 | NEUTRAL | PAG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PAG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PAG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PAG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.11 | NEUTRAL | The RSI value for PAG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.2 | POSITIVE | The MACD value suggests PAG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.94 | OVERBOUGHT | The high Stochastics value suggests PAG may be overbought. |
| Average True Range in percent/ATR (20) | 2.43 | MEDIUM VOLATILITY | The ATR as a percentage value for PAG suggests some volalility. |
| Average Directional Index/ADX (14) | 24.06 | NEUTRAL | The ADX value for PAG suggests a possible start of a new 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)
180.35
-2.71 (-1.48%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg-1.48%
1 Week3.16%
2 Weeks7.19%
1 Month9.28%
3 Month8.29%
6 Month3.39%
12 Month9.01%
2 Year9.77%
3 Year52.96%
5 Year282.34%
10 Year256.42%
15 Year1401.67%
Volatility
ATR(14)4.41
ATR(20)%2.43%
ATR Inc-20.58%
Range Today3.12
ADR(20)4.22
ADR(20)%2.34%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS64.02
Mansfield0.15
10 Day High186.55
10 Day Low167.65
20 Day High186.55
20 Day Low164.92
52 Week High186.55
52 Week Low134.05
CS1 End173.85
CR1 Start183.08
Volume & EV
DER(3)-0.7%
DER(5)-0.88%
Volume200.20K
Volume Incr-28.68%
Vol(5)186.82K
Vol(50)255.36K