PENSKE AUTOMOTIVE GROUP INC (PAG) Stock Technical Analysis
USA - NYSE:PAG - US70959W1036 - Common Stock
Taking everything into account, PAG scores 0 out of 10 in our technical rating. PAG's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
PAG has a poor technical rating and the quality of the setup is also 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
142.30
We found 1 important support area.
- Support @143.74 from a horizontal line in the weekly time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 164.38 to 164.56. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 169.07 to 172.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @176.70 from a horizontal line in the daily time frame.
- Resistance @184.12 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 | 29.62 | NEGATIVE | PAG has a low relative strength, it was outperformed by 70.38% off all stocks 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) | DOWN | NEGATIVE | The current price of PAG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 37.04 | NEUTRAL | The RSI value for PAG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.52 | NEGATIVE | The MACD value suggests PAG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 24.55 | NEUTRAL | The Stochastics value for PAG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.62 | MEDIUM VOLATILITY | The ATR as a percentage value for PAG suggests some volalility. |
| Average Directional Index/ADX (14) | 41.8 | POSITIVE | The high ADX value value for PAG suggests a strong trend. |
158.64
+3.78 (+2.44%)
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.
Can you provide the trend direction for PENSKE AUTOMOTIVE GROUP INC?
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 37.0384. This indicates that the stock is currently neutral.
Can you provide the short term momentum for PENSKE AUTOMOTIVE GROUP INC?
The short term momentum for PENSKE AUTOMOTIVE GROUP INC (PAG) is negative.
What are the support and resistance levels for PENSKE AUTOMOTIVE GROUP INC (PAG) stock?
PENSKE AUTOMOTIVE GROUP INC (PAG) has a support level at 143.74 and a resistance level at 164.38. Check the full technical report for our detailed analysis of PAG support and resistance levels.