PITNEY BOWES INC (PBI) Stock Technical Analysis
NYSE:PBI - New York Stock Exchange, Inc. - US7244791007 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to PBI. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, PBI is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that PBI is one of the better performing stocks in the market, outperforming 93% of all stocks. We also observe that the gains produced by PBI over the past year are nicely spread over this period.
PBI is one of the better performing stocks in the Commercial Services & Supplies industry, it outperforms 89% of 83 stocks in the same industry.
PBI is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month PBI has a been trading in the 9.98 - 11.26 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
PBI has an average volume of 2186020 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although PBI has an excellent technical rating, the quality of the presented setup is not ideal 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
8.30
11.33
We found 3 important support areas.
- A support zone ranging from 10.51 to 10.68. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 10.23 to 10.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @8.38 from a trend 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 | UP | POSITIVE | The long term trend for PBI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PBI is up. |
| ChartMill Relative Strength | 93.6 | POSITIVE | PBI has a high relative strength, it outperformed 93.6% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PBI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PBI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PBI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 71.59 | OVERBOUGHT | The high RSI value suggests PBI may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests PBI has a positive trend. |
| Stochastics (14,3) | 80.7 | OVERBOUGHT | The high Stochastics value suggests PBI may be overbought. |
| Average True Range in percent/ATR (20) | 2.76 | MEDIUM VOLATILITY | The ATR as a percentage value for PBI suggests some volalility. |
| Average Directional Index/ADX (14) | 34.74 | POSITIVE | The high ADX value value for PBI suggests a strong trend. |
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)
11.22
+0.31 (+2.84%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryCommercial Services & Supplies
Performance
% Chg2.84%
1 Week6.96%
2 Weeks6.55%
1 Month9.25%
3 Month40.95%
6 Month53.07%
12 Month76.42%
2 Year184.77%
3 Year243.12%
5 Year235.93%
10 Year-46.37%
15 Year-54.04%
Volatility
ATR(14)0.33
ATR(20)%2.76%
ATR Inc43.38%
Range Today0.51
ADR(20)0.3
ADR(20)%2.69%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.6
Mansfield2.72
10 Day High11.26
10 Day Low9.98
20 Day High11.26
20 Day Low9.98
52 Week High11.26
52 Week Low5.58
CS1 End10.57
CR1 Start10.89
Volume & EV
DER(3)-0.58%
DER(5)0.62%
Volume4.06M
Volume Incr59.28%
Vol(5)3.27M
Vol(50)2.19M