PEOPLE'S UNITED FINANCIAL (PBCT) Stock Technical Analysis
NASDAQ:PBCT - Nasdaq - Common Stock
We assign a technical rating of 4 out of 10 to PBCT. PBCT was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
In the last month PBCT has a been trading in the 19.34 - 21.98 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
PBCT is one of the better performing stocks in the Banks industry, it outperforms 70% of 396 stocks in the same industry.
PBCT has an average volume of 7894400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
Looking at the yearly performance, PBCT did better than 83% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
PBCT is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so PBCT is lagging the market slightly.
PBCT has an average technical rating and it also does not offer a high 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.
More info and screens
16.40
21.93
We found 3 important support areas.
- Support @18.37 from a trend line in the weekly time frame.
- Support @17.69 from a trend line in the daily time frame.
- A support zone ranging from 16.57 to 16.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 20.47 to 20.92. 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 21.42 to 21.71. 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 PBCT is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PBCT is down. |
| ChartMill Relative Strength | 83.03 | POSITIVE | PBCT has a high relative strength, it outperformed 83.03% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PBCT is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of PBCT is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PBCT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 38.73 | NEUTRAL | The RSI value for PBCT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests PBCT has a negative trend. |
| Stochastics (14,3) | 8.75 | OVERSOLD | The low Stochastics value suggests PBCT may be oversold. |
| Average True Range in percent/ATR (20) | 3.93 | MEDIUM VOLATILITY | The ATR as a percentage value for PBCT suggests some volalility. |
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)
19.41
-0.58 (-2.9%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-2.9%
1 Week-10.26%
2 Weeks-7.92%
1 Month-4.05%
3 Month8.92%
6 Month8.86%
12 Month7.24%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.73
ATR(20)%3.93%
ATR Inc21.15%
Range Today1.05
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.03
Mansfield0.39
10 Day High21.98
10 Day Low19.34
20 Day High21.98
20 Day Low19.34
52 Week High21.98
52 Week Low15.18
CS1 End18.37
CR1 Start20.47
Volume & EV
DER(3)2.12%
DER(5)1.87%
Volume127.45M
Volume Incr507.75%
Vol(5)32.96M
Vol(50)7.89M