PENSKE AUTOMOTIVE GROUP INC (PAG) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:PAG - US70959W1036 - Common Stock
We assign a technical rating of 0 out of 10 to PAG. PAG scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 69% of all other stocks performed better in the past year than PAG.
- 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 155.50 - 169.43 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
PAG has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 159.84, 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
142.30
We found 3 important support areas.
- A support zone ranging from 158.64 to 159.84. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @155.04 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 162.70 to 163.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 166.45 to 170.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @173.94 from a horizontal line in the daily time frame.
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 PAG is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PAG is down. |
| ChartMill Relative Strength | 31.2 | 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) | DOWN | NEGATIVE | The current price of PAG is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of PAG is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.21 | NEUTRAL | The RSI value for PAG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.41 | NEGATIVE | The MACD value suggests PAG has a negative trend. |
| Stochastics (14,3) | 19.94 | OVERSOLD | The low Stochastics value suggests PAG may be oversold. |
| Average True Range in percent/ATR (20) | 2.53 | MEDIUM VOLATILITY | The ATR as a percentage value for PAG suggests some volalility. |
| Average Directional Index/ADX (14) | 11.31 | NEGATIVE | The low ADX value for PAG suggests a weak or negative trend. |
160.4
+0.09 (+0.06%)
PENSKE AUTOMOTIVE GROUP INC / PAG FAQ
What is the ChartMill technical rating of PENSKE AUTOMOTIVE GROUP INC (PAG) stock?
ChartMill assigns a technical rating of 0 / 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 PAG stock?
PENSKE AUTOMOTIVE GROUP INC (PAG) has an RSI value of 43.2084. This indicates that the stock is currently neutral.
What is the MACD signal for PAG stock?
The MACD indicator for PENSKE AUTOMOTIVE GROUP INC (PAG) has a value of -0.406031, indicating a bearish trend.
What is the buy/sell signal for PAG stock?
The buy/sell signal for PENSKE AUTOMOTIVE GROUP INC (PAG) is sell as both the short term and long term trends are negative.