PENSKE AUTOMOTIVE GROUP INC (PAG) Stock Technical Analysis
NYSE:PAG - US70959W1036 - Common Stock
187.63 USD
+1.05 (+0.56%)
187.63 USD
0 (0%)
Taking everything into account, PAG scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, PAG has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that PAG is one of the better performing stocks in the market, outperforming 74% of all stocks.
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.
PAG is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
PAG is an average performer in the Specialty Retail industry, it outperforms 61% of 123 stocks in the same industry.
Besides having an excellent technical rating, PAG also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 187.64. Right above this resistance zone may be a good entry point.
More info and screens
143.31
190.21
When analyzing the support we can see 4 important areas.
- A support zone ranging from 175.41 to 178.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @170.74 from a trend line in the daily time frame.
- 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 187.64 to 188.33. 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 | 74.62 | POSITIVE | PAG has a high relative strength, it outperformed 74.62% off all stocks 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) | 61.08 | NEUTRAL | The RSI value for PAG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests PAG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 63.19 | NEUTRAL | The Stochastics value for PAG is a neutral value. |
| Average True Range in percent/ATR (20) | 1.87 | LOW VOLATILITY | The low ATR as a percentage value for PAG suggests low volalility. |
| Average Directional Index/ADX (14) | 30.27 | POSITIVE | The high ADX value value for PAG suggests a strong 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)
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 |
|---|---|---|---|
| 188.34 | 180.89 | 7.45 (3.96%) | 25.00% |
| An entry @188.34. This is a Buy Stop order right above the resistance zone. | An exit @180.89. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 7.45 points, which is 3.96%. | For a 0.99% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
187.63
+1.05 (+0.56%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg0.56%
1 Week0.34%
2 Weeks3.67%
1 Month7.16%
3 Month13.87%
6 Month10.89%
12 Month19.3%
2 Year12.31%
3 Year90.62%
5 Year293.68%
10 Year287.35%
15 Year1321.44%
Volatility
ATR(14)3.32
ATR(20)%1.87%
ATR Inc-4.68%
Range Today3.53
ADR(20)3.34
ADR(20)%1.78%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.62
Mansfield0.52
10 Day High189.51
10 Day Low180.9
20 Day High189.51
20 Day Low174.29
52 Week High189.51
52 Week Low134.05
CS1 End178.07
CR1 Start187.64
Volume & EV
DER(3)-2.51%
DER(5)-1.65%
Volume160.20K
Volume Incr-20.46%
Vol(5)169.70K
Vol(50)223.77K