PENSKE AUTOMOTIVE GROUP INC (PAG) Technical Analysis
NYSE:PAG • US70959W1036
Current stock price
PAG Technical Rating and Analysis
Overall PAG gets a technical rating of 7 out of 10. In the last year, PAG was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- When compared to the yearly performance of all other stocks, PAG outperforms 56% of them, which is more or less in line with the market.
- PAG is part of the Specialty Retail industry. There are 123 other stocks in this industry, PAG did better than 63% 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 146.17 - 181.56 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
PAG Weekly and Daily overview Charts
PAG Setup Rating and Analysis
Although PAG has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
PAG Support and Resistance Analysis
142.30
When analyzing the support we can see 4 important areas.
- Support @166.81 from a horizontal line in the daily time frame.
- A support zone ranging from 158.28 to 162.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 154.75 to 155.12. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @143.74 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 174.56 to 176.69. This zone is formed by a combination of multiple trend lines in the daily time frame.
PAG 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 | UP | POSITIVE | The short term trend for PAG is up. |
| ChartMill Relative Strength | 56.8 | 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) | DOWN | MIXED | The current price of PAG is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 75.81 | OVERBOUGHT | The high RSI value suggests PAG may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.42 | POSITIVE | The MACD value suggests PAG has a positive trend. |
| Stochastics (14,3) | 69.71 | NEUTRAL | The Stochastics value for PAG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.82 | MEDIUM VOLATILITY | The ATR as a percentage value for PAG suggests some volalility. |
| Average Directional Index/ADX (14) | 22.08 | NEUTRAL | The ADX value for PAG suggests a possible start of a new trend. |
PAG Chart- and CandleStick Pattern Analysis
PAG Technicals: Chart, Performance Metrics, Trend & Indicators
171.52
-0.14 (-0.08%)
PENSKE AUTOMOTIVE GROUP INC / PAG TA FAQ
What is the ChartMill technical rating of PENSKE AUTOMOTIVE GROUP INC (PAG) stock?
ChartMill assigns a technical rating of 7 / 10 to PAG.
What is the trend direction for PAG stock?
The current trend direction for PENSKE AUTOMOTIVE GROUP INC (PAG) is Bearish.
What is the RSI signal for PENSKE AUTOMOTIVE GROUP INC (PAG) stock?
PENSKE AUTOMOTIVE GROUP INC (PAG) has an RSI value of 75.8075. This indicates that the stock is currently overbought.
Can you provide the short term momentum for PENSKE AUTOMOTIVE GROUP INC?
The short term momentum for PENSKE AUTOMOTIVE GROUP INC (PAG) is positive.
What are the support and resistance levels for PENSKE AUTOMOTIVE GROUP INC (PAG) stock?
PENSKE AUTOMOTIVE GROUP INC (PAG) has a support level at 166.81 and a resistance level at 174.56. Check the full technical report for our detailed analysis of PAG support and resistance levels.