We assign a technical rating of 2 out of 10 to PEGA. Although PEGA is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The technical rating of PEGA is bad and it also does not present a quality setup 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
33.50
When analyzing the support we can see 4 important areas.
- Support @53.37 from a horizontal line in the weekly time frame.
- A support zone ranging from 52.13 to 52.37. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @36.23 from a trend line in the weekly time frame.
- Support @33.84 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 58.52 to 60.10. This zone is formed by a combination of multiple trend lines and important moving averages 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 | NEUTRAL | NEUTRAL | The long term trend for PEGA is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PEGA is down. |
| ChartMill Relative Strength | 80.12 | POSITIVE | PEGA has a high relative strength, it outperformed 80.12% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PEGA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PEGA is below a declining 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) | 38.43 | NEUTRAL | The RSI value for PEGA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.9 | NEGATIVE | The MACD value suggests PEGA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 14.32 | OVERSOLD | The low Stochastics value suggests PEGA may be oversold. |
| Average True Range in percent/ATR (20) | 3.9 | MEDIUM VOLATILITY | The ATR as a percentage value for PEGA suggests some volalility. |
| Average Directional Index/ADX (14) | 22.75 | NEUTRAL | The ADX value for PEGA suggests a possible start of a new trend. |
54.42
+2.04 (+3.89%)
PEGASYSTEMS INC / PEGA FAQ
What is the ChartMill technical rating of PEGASYSTEMS INC (PEGA) stock?
ChartMill assigns a technical rating of 2 / 10 to PEGA.
Can you provide the trend direction for PEGASYSTEMS INC?
The current trend direction for PEGASYSTEMS INC (PEGA) is Bearish.
What is the RSI signal for PEGA stock?
PEGASYSTEMS INC (PEGA) has an RSI value of 38.4288. This indicates that the stock is currently neutral.
What is the MACD signal for PEGA stock?
The MACD indicator for PEGASYSTEMS INC (PEGA) has a value of -0.90307, indicating a bearish trend.