PEGASYSTEMS INC (PEGA) Stock Technical Analysis
USA - NASDAQ:PEGA - US7055731035 - Common Stock
58.66 USD
+0.37 (+0.63%)
58.66 USD
0 (0%)
We assign a technical rating of 10 out of 10 to PEGA. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, PEGA 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 PEGA is one of the better performing stocks in the market, outperforming 88% of all stocks.
PEGA is one of the better performing stocks in the Software industry, it outperforms 78% of 281 stocks in the same industry.
PEGA is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
PEGA has an average volume of 1605740 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month PEGA has a been trading in the 52.26 - 61.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
PEGA has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 58.28, a Stop Loss order could be placed below this zone.
More info and screens
32.98
61.00
We found 5 important support areas.
- A support zone ranging from 56.95 to 58.28. 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 50.83 to 51.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @49.42 from a horizontal line in the daily time frame.
- Support @35.12 from a trend line in the weekly time frame.
- Support @33.31 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 59.26 to 60.40. This zone is formed by a combination of multiple trend lines and important moving averages 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 PEGA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PEGA is up. |
| ChartMill Relative Strength | 88.43 | POSITIVE | PEGA has a high relative strength, it outperformed 88.43% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PEGA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PEGA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PEGA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.41 | NEUTRAL | The RSI value for PEGA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests PEGA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 63.72 | NEUTRAL | The Stochastics value for PEGA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.63 | MEDIUM VOLATILITY | The ATR as a percentage value for PEGA suggests some volalility. |
| Average Directional Index/ADX (14) | 20.95 | NEUTRAL | The ADX value for PEGA suggests a possible start of a new 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 60.41 | 57.67 | 2.74 (4.54%) | 22.05% |
| An entry @60.41. This is a Buy Stop order right above the resistance zone. | An exit @57.67. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.74 points, which is 4.54%. | For a 1.00% total portfolio risk, you can invest 22.05% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
58.66
+0.37 (+0.63%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg0.63%
1 Week-1.71%
2 Weeks1.02%
1 Month9.42%
3 Month10.02%
6 Month68.76%
12 Month62.47%
2 Year170.26%
3 Year265.03%
5 Year-3.07%
10 Year376.72%
15 Year655.68%
Volatility
ATR(14)1.53
ATR(20)%2.63%
ATR Inc15.47%
Range Today1.09
ADR(20)1.45
ADR(20)%2.47%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.43
Mansfield1.34
10 Day High61
10 Day Low57.68
20 Day High61
20 Day Low52.26
52 Week High61
52 Week Low29.84
CS1 End58.28
CR1 Start59.26
Volume & EV
DER(3)-2.74%
DER(5)0.56%
Volume933.20K
Volume Incr-30%
Vol(5)961.38K
Vol(50)1.61M