PAG Technical Analysis - PENSKE AUTOMOTIVE GROUP INC

Technical Rating and Analysis

We assign a technical rating of 2 out of 10 to PAG. PAG has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.

The short term trend is negative, the long term trend is neutral. Not much exciting going on here.

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 45% of all stocks.

PAG is part of the Specialty Retail industry. There are 122 other stocks in this industry, PAG did better than 52% of them.

PAG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PAG is lagging the market.

In the last month PAG has a been trading in the 163.95 - 189.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

PENSKE AUTOMOTIVE GROUP INC / PAG Weekly stock chart

PENSKE AUTOMOTIVE GROUP INC / PAG Daily stock chart

Setup Rating and Analysis

The technical rating of PAG 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

142.30

190.21

When analyzing the support we can see 3 important areas.

A support zone ranging from 170.84 to 171.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @162.16 from a horizontal line in the daily time frame.
Support @143.74 from a horizontal line in the weekly time frame.

We can see 3 important resistance areas.

A resistance zone ranging from 175.43 to 180.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @184.12 from a horizontal line in the daily time frame.
A resistance zone ranging from 187.64 to 188.33. This zone is formed by a combination of multiple trend lines in multiple time frames.

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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	NEUTRAL	NEUTRAL	The long term trend for PAG is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for PAG is down.
ChartMill Relative Strength	45.62	NEUTRAL	PAG is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of PAG is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of PAG is below 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)	34.31	NEUTRAL	The RSI value for PAG is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-1.4	NEGATIVE	The MACD value suggests PAG has a negative trend, although the MACD value is rising.
Stochastics (14,3)	23.28	NEUTRAL	The Stochastics value for PAG is a neutral value.
Average True Range in percent/ATR (20)	2.15	MEDIUM VOLATILITY	The ATR as a percentage value for PAG suggests some volalility.
Average Directional Index/ADX (14)	22.64	NEUTRAL	The ADX value for PAG suggests a possible start of a new trend.