Pattern Energy Cl A (PEGI) Technical Analysis
NASDAQ:PEGI
Current stock price
PEGI Technical Rating and Analysis
We assign a technical rating of 5 out of 10 to PEGI. In the last year, PEGI was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
- When comparing the yearly performance of all stocks, we notice that PEGI is one of the better performing stocks in the market, outperforming 94% of all 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.
PEGI Weekly and Daily overview Charts
PEGI Setup Rating and Analysis
Although the technical rating is only medium, PEGI does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. 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
PEGI Support and Resistance Analysis
25.90
We found 2 important support 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.
When analyzing the resistance we notice one important 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.
PEGI 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 | 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. |
PEGI Chart- and CandleStick Pattern Analysis
PEGI Technicals: Chart, Performance Metrics, Trend & Indicators
NASDAQ:PEGI (3/16/2020, 5:52:39 PM)
26.74
0 (0%)
Pattern Energy Cl A / PEGI TA FAQ
What is the technical rating for PEGI stock?
ChartMill assigns a technical rating of 4 / 10 to PEGI.
Can you provide the trend direction for Pattern Energy Cl A?
The current trend direction for Pattern Energy Cl A (PEGI) is Bullish.
What is the RSI signal for Pattern Energy Cl A (PEGI) stock?
Pattern Energy Cl A (PEGI) has an RSI value of 42.7376. This indicates that the stock is currently neutral.
What is the MACD signal for PEGI stock?
The MACD indicator for Pattern Energy Cl A (PEGI) has a value of -0.0888039, indicating a bearish trend.
What is the buy/sell signal for PEGI stock?
The buy/sell signal for Pattern Energy Cl A (PEGI) is hold as the short term and long term trends are mixed.