PEGASYSTEMS INC (PEGA) Stock Technical Analysis
NASDAQ:PEGA - Nasdaq - US7055731035 - Common Stock - Currency: USD
Taking everything into account, PEGA scores 9 out of 10 in our technical rating. 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.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
Looking at the yearly performance, PEGA did better than 93% of all other stocks.
PEGA is one of the better performing stocks in the Software industry, it outperforms 84% of 282 stocks in the same industry.
PEGA 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 PEGA is lagging the market slightly.
In the last month PEGA has a been trading in the 48.30 - 55.28 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
PEGA has an average volume of 1340520 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Volume is considerably higher in the last couple of days.
PEGA has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 51.90, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
32.32
54.69
We found 5 important support areas.
- A support zone ranging from 51.28 to 51.90. 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 48.99 to 50.39. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @48.02 from a horizontal line in the daily time frame.
- Support @34.00 from a trend line in the weekly time frame.
- Support @32.65 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @54.15 from a horizontal line in the weekly 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 | NEUTRAL | NEUTRAL | The short term trend for PEGA is neutral. |
| ChartMill Relative Strength | 93.6 | POSITIVE | PEGA 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 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) | 54.81 | NEUTRAL | The RSI value for PEGA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.34 | NEGATIVE | The MACD value suggests PEGA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 32.41 | NEUTRAL | The Stochastics value for PEGA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.35 | MEDIUM VOLATILITY | The ATR as a percentage value for PEGA suggests some volalility. |
| Average Directional Index/ADX (14) | 19.85 | NEGATIVE | The low ADX value for PEGA suggests a weak or negative 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 |
|---|---|---|---|
| 54.16 | 51.27 | 2.89 (5.34%) | 18.74% |
| An entry @54.16. This is a Buy Stop order right above the resistance zone. | An exit @51.27. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.89 points, which is 5.34%. | For a 1.00% total portfolio risk, you can invest 18.74% 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.
52.21
+1.3 (+2.55%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg2.55%
1 Week4.84%
2 Weeks-3.37%
1 Month3.31%
3 Month52.79%
6 Month1.09%
12 Month75%
2 Year97.95%
3 Year160.07%
5 Year-10.67%
10 Year285.46%
15 Year578.93%
Volatility
ATR(14)1.7
ATR(20)%3.35%
ATR Inc-6.94%
Range Today1.63
ADR(20)1.69
ADR(20)%3.24%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.6
Mansfield1.33
10 Day High55.28
10 Day Low49.16
20 Day High55.28
20 Day Low48.3
52 Week High56.84
52 Week Low29.69
CS1 End51.9
CR1 Start54.15
Volume & EV
DER(3)-7.27%
DER(5)-4.63%
Volume2.36M
Volume Incr29.18%
Vol(5)1.86M
Vol(50)1.34M