Pattern Energy Cl A (PEGI) Stock Technical Analysis
USA - NASDAQ:PEGI -
26.74
0 (0%)
Taking everything into account, PEGI scores 5 out of 10 in our technical rating. PEGI was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
Looking at the yearly performance, PEGI did better than 94% of all other stocks.
PEGI 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 PEGI is lagging the market slightly.
PEGI has an average volume of 2220890 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
In the last month PEGI has a been trading in the 25.97 - 28.43 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
Although the technical rating is only medium, PEGI does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 26.74, a Stop Loss order could be placed below this zone.
More info and screens
25.90
28.58
When analyzing the support we can see 2 important areas.
- A support zone ranging from 26.73 to 26.74. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A support zone ranging from 26.16 to 26.29. This zone is formed by a combination of multiple trend lines in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 26.84 to 28.30. 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 PEGI is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PEGI is down. |
| ChartMill Relative Strength | 94.51 | POSITIVE | PEGI has a high relative strength, it outperformed 94.51% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PEGI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of PEGI is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PEGI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.74 | NEUTRAL | The RSI value for PEGI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests PEGI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 31.07 | NEUTRAL | The Stochastics value for PEGI is a neutral value. |
| Average True Range in percent/ATR (20) | 1.82 | LOW VOLATILITY | The low ATR as a percentage value for PEGI suggests low volalility. |
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)
NASDAQ:PEGI (3/16/2020, 5:52:39 PM)
26.74
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0%
1 Week2.22%
2 Weeks-1.55%
1 Month-3.05%
3 Month-1.51%
6 Month-2.37%
12 Month22.55%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.49
ATR(20)%1.82%
ATR Inc-96.46%
Range Today0
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.51
Mansfield3.19
10 Day High27.58
10 Day Low25.97
20 Day High28.43
20 Day Low25.97
52 Week High28.5
52 Week Low20.7
CS1 End26.74
CR1 Start26.84
Volume & EV
DER(3)-158871%
DER(5)-95323%
Volume7
Volume Incr26.77%
Vol(5)3.67M
Vol(50)2.22M