PEOPLE'S UNITED FINANCIAL (PBCT) Technical Analysis
NASDAQ:PBCT
Overall PBCT gets a technical rating of 4 out of 10. In the last year, PBCT was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
- 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 85% of 381 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 overall good ranking is mostly due to the recent strong 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
3 important support areas can be observed.
- 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.
2 important resistance areas can be observed.
- 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. |
PBCT Technicals: Chart, Performance Metrics, Trend & Indicators
19.41
-0.58 (-2.9%)
PEOPLE'S UNITED FINANCIAL / PBCT FAQ
Can you provide the ChartMill technical rating for PEOPLE'S UNITED FINANCIAL?
ChartMill assigns a technical rating of 3 / 10 to PBCT.
Can you provide the trend direction for PEOPLE'S UNITED FINANCIAL?
The current trend direction for PEOPLE'S UNITED FINANCIAL (PBCT) is Bullish.
Can you provide the RSI signal for PEOPLE'S UNITED FINANCIAL?
PEOPLE'S UNITED FINANCIAL (PBCT) has an RSI value of 38.7325. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for PEOPLE'S UNITED FINANCIAL?
The buy/sell signal for PEOPLE'S UNITED FINANCIAL (PBCT) is hold as the short term and long term trends are mixed.
What are the support and resistance levels for PEOPLE'S UNITED FINANCIAL (PBCT) stock?
PEOPLE'S UNITED FINANCIAL (PBCT) has a support level at 18.37 and a resistance level at 20.47. Check the full technical report for our detailed analysis of PBCT support and resistance levels.