PENUMBRA INC (PEN) Stock Technical Analysis
NYSE:PEN - New York Stock Exchange, Inc. - US70975L1070 - Common Stock - Currency: USD
Taking everything into account, PEN scores 5 out of 10 in our technical rating. Although PEN 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.
PEN is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
When comparing the yearly performance of all stocks, we notice that PEN is one of the better performing stocks in the market, outperforming 84% of all stocks. On top of that, PEN also shows a nice and consistent pattern of rising prices.
PEN is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 82% of 187 stocks in the same industry.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
PEN is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so PEN is lagging the market slightly.
PEN 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 a support zone below the current price at 256.51, a Stop Loss order could be placed below this zone.
More info and screens
250.77
306.80
When analyzing the support we notice one important area.
- A support zone ranging from 253.30 to 256.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 256.88 to 260.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @303.76 from a horizontal line 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 PEN is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PEN is down. |
| ChartMill Relative Strength | 84.26 | POSITIVE | PEN has a high relative strength, it outperformed 84.26% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PEN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of PEN is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PEN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 40.73 | NEUTRAL | The RSI value for PEN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.63 | POSITIVE | The MACD value suggests PEN has a positive trend. |
| Stochastics (14,3) | 39.04 | NEUTRAL | The Stochastics value for PEN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.71 | MEDIUM VOLATILITY | The ATR as a percentage value for PEN suggests some volalility. |
| Average Directional Index/ADX (14) | 26.33 | POSITIVE | The high ADX value value for PEN suggests a strong 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)
256.87
-0.14 (-0.05%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-0.05%
1 Week1.37%
2 Weeks-0.58%
1 Month-5%
3 Month-8.39%
6 Month5.91%
12 Month43.86%
2 Year-25.34%
3 Year106.29%
5 Year43.65%
10 YearN/A
15 YearN/A
Volatility
ATR(14)6.97
ATR(20)%2.71%
ATR Inc-27.58%
Range Today3.98
ADR(20)6.62
ADR(20)%2.58%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.26
Mansfield0.4
10 Day High265.48
10 Day Low249.09
20 Day High275.41
20 Day Low249.09
52 Week High310
52 Week Low148
CS1 End256.51
CR1 Start256.88
Volume & EV
DER(3)-2.89%
DER(5)-2.23%
Volume859.10K
Volume Incr12.34%
Vol(5)560.14K
Vol(50)550.87K