PEGASYSTEMS INC (PEGA) Technical Analysis
NASDAQ:PEGA • US7055731035
Current stock price
PEGA Technical Rating and Analysis
We assign a technical rating of 4 out of 10 to PEGA. PEGA has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
- PEGA is one of the better performing stocks in the Software industry, it outperforms 72% of 271 stocks in the same industry.
- In the last month PEGA has a been trading in the 38.38 - 44.92 range, which is quite wide. It is currently trading near the high of this range.
- PEGA has an average volume of 2431510 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
- When compared to the yearly performance of all other stocks, PEGA outperforms 45% of them, which is more or less in line with the market.
- PEGA is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PEGA is lagging the market.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
PEGA Weekly and Daily overview Charts
PEGA Setup Rating and Analysis
PEGA has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. 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
PEGA Support and Resistance Analysis
34.88
We found 2 important support areas.
- Support @39.36 from a horizontal line in the weekly time frame.
- Support @35.23 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- Resistance @47.31 from a horizontal line in the daily time frame.
- Resistance @55.60 from a trend line in the weekly time frame.
PEGA Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The long term trend for PEGA is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PEGA is up. |
| ChartMill Relative Strength | 45.58 | NEUTRAL | PEGA is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of PEGA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.5 | NEUTRAL | The RSI value for PEGA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.34 | POSITIVE | The MACD value suggests PEGA has a positive trend. |
| Stochastics (14,3) | 77.11 | NEUTRAL | The Stochastics value for PEGA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.67 | MEDIUM VOLATILITY | The ATR as a percentage value for PEGA suggests some volalility. |
| Average Directional Index/ADX (14) | 16.21 | NEGATIVE | The low ADX value for PEGA suggests a weak or negative trend. |
PEGA Chart- and CandleStick Pattern Analysis
PEGA Technicals: Chart, Performance Metrics, Trend & Indicators
43.61
+0.33 (+0.76%)
PEGASYSTEMS INC / PEGA TA FAQ
What is the ChartMill technical rating of PEGASYSTEMS INC (PEGA) stock?
ChartMill assigns a technical rating of 4 / 10 to PEGA.
What is the trend direction for PEGA stock?
The current trend direction for PEGASYSTEMS INC (PEGA) is Bearish.
What is the RSI signal for PEGASYSTEMS INC (PEGA) stock?
PEGASYSTEMS INC (PEGA) has an RSI value of 54.4965. This indicates that the stock is currently neutral.
What is the buy/sell signal for PEGASYSTEMS INC (PEGA) stock?
The buy/sell signal for PEGASYSTEMS INC (PEGA) is hold as the short term and long term trends are mixed.
What is the support and resistance level for PEGA stock?
PEGASYSTEMS INC (PEGA) has a support level at 39.36 and a resistance level at 47.31. Check the full technical report for our detailed analysis of PEGA support and resistance levels.