PEGASYSTEMS INC (PEGA) Stock Technical Analysis
NASDAQ:PEGA - Nasdaq - US7055731035 - Common Stock - Currency: USD
Taking everything into account, PEGA scores 8 out of 10 in our technical rating. PEGA has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, PEGA did better than 94% of all other stocks.
PEGA is one of the better performing stocks in the Software industry, it outperforms 88% of 284 stocks in the same industry.
PEGA is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so PEGA is performing more or less in line with the market.
PEGA has an average volume of 1066880 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 95.07 - 103.30 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.
Besides having an excellent technical rating, PEGA also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 100.98, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
64.11
104.32
When analyzing the support we can see 4 important areas.
- A support zone ranging from 98.84 to 100.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @96.04 from a horizontal line in the daily time frame.
- Support @66.74 from a trend line in the weekly time frame.
- Support @64.76 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 101.12 to 101.40. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @103.29 from a horizontal 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 PEGA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PEGA is up. |
| ChartMill Relative Strength | 94.98 | POSITIVE | PEGA has a high relative strength, it outperformed 94.98% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of PEGA is above a declining 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) | 60.57 | NEUTRAL | The RSI value for PEGA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.6 | NEGATIVE | The MACD value suggests PEGA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 67.08 | NEUTRAL | The Stochastics value for PEGA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.35 | MEDIUM VOLATILITY | The ATR as a percentage value for PEGA suggests some volalility. |
| Average Directional Index/ADX (14) | 31.28 | POSITIVE | The high ADX value value for PEGA 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)
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 |
|---|---|---|---|
| 101.41 | 98.83 | 2.58 (2.54%) | 25.00% |
| An entry @101.41. This is a Buy Stop order right above the resistance zone. | An exit @98.83. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.58 points, which is 2.54%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.64%. |
- The distance between exit and entry is rather small compared to the average daily movement of PEGA. Please evaluate whether better entry and exit points can be found.
- 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.
101.07
+0.4 (+0.4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg0.4%
1 Week-0.55%
2 Weeks-0.34%
1 Month-2.15%
3 Month38.66%
6 Month6.12%
12 Month71.83%
2 Year105.01%
3 Year111.27%
5 Year-0.1%
10 Year341.55%
15 Year529.52%
Volatility
ATR(14)2.27
ATR(20)%2.35%
ATR Inc-11.71%
Range Today1.44
ADR(20)2.23
ADR(20)%2.21%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.98
Mansfield1.89
10 Day High103.3
10 Day Low97.91
20 Day High103.3
20 Day Low95.07
52 Week High113.67
52 Week Low56.61
CS1 End100.98
CR1 Start101.12
Volume & EV
DER(3)-0.64%
DER(5)0.4%
Volume559.40K
Volume Incr-44.63%
Vol(5)690.20K
Vol(50)1.07M