PEOPLES BANCORP INC (PEBO) Stock Technical Analysis
NASDAQ:PEBO • US7097891011
We assign a technical rating of 8 out of 10 to PEBO. Although PEBO is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- PEBO is one of the lesser performing stocks in the Banks industry. 65% of 381 stocks in the same industry do better.
- Both the short term and long term trends are positive. This is a very positive sign.
- PEBO is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so PEBO is lagging the market slightly.
- PEBO is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- When comparing the performance of all stocks over the past year, PEBO turns out to be only a medium performer in the overall market: it outperformed 63% of all stocks.
PEBO has an excellent technical rating, but the quality of the setup is 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
27.88
When analyzing the support we can see 4 important areas.
- A support zone ranging from 31.51 to 31.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 30.16 to 30.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @28.97 from a trend line in the weekly time frame.
- A support zone ranging from 28.16 to 28.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 34.19 to 34.19. 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 PEBO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PEBO is up. |
| ChartMill Relative Strength | 63.51 | NEUTRAL | PEBO is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PEBO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PEBO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PEBO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.61 | NEUTRAL | The RSI value for PEBO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests PEBO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 70.36 | NEUTRAL | The Stochastics value for PEBO is a neutral value. |
| Average True Range in percent/ATR (20) | 2.57 | MEDIUM VOLATILITY | The ATR as a percentage value for PEBO suggests some volalility. |
| Average Directional Index/ADX (14) | 29.47 | POSITIVE | The high ADX value value for PEBO suggests a strong trend. |
33.22
-0.11 (-0.33%)
PEOPLES BANCORP INC / PEBO FAQ
What is the ChartMill technical rating of PEOPLES BANCORP INC (PEBO) stock?
ChartMill assigns a technical rating of 8 / 10 to PEBO.
What is the trend direction for PEBO stock?
The current trend direction for PEOPLES BANCORP INC (PEBO) is Bullish.
What is the RSI signal for PEOPLES BANCORP INC (PEBO) stock?
PEOPLES BANCORP INC (PEBO) has an RSI value of 58.6068. This indicates that the stock is currently neutral.
What is the short term momentum for PEOPLES BANCORP INC (PEBO) stock?
The short term momentum for PEOPLES BANCORP INC (PEBO) is positive.
What is the support and resistance level for PEBO stock?
PEOPLES BANCORP INC (PEBO) has a support level at 31.75 and a resistance level at 34.19. Check the full technical report for our detailed analysis of PEBO support and resistance levels.