PENUMBRA INC (PEN) Technical Analysis
NYSE:PEN • US70975L1070
Current stock price
PEN Technical Rating and Analysis
Taking everything into account, PEN scores 3 out of 10 in our technical rating. PEN has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
- PEN is part of the Health Care Equipment & Supplies industry. There are 188 other stocks in this industry. PEN outperforms 73% of them.
- PEN 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 PEN is lagging the market slightly.
- 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.
- When compared to the yearly performance of all other stocks, PEN outperforms 50% of them, which is more or less in line with the market.
- In the last month PEN has a been trading in a tight range between 326.58 and 338.99.
- Considerably lower volume is observed in the last couple of days.
PEN Weekly and Daily overview Charts
PEN Setup Rating and Analysis
PEN has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 332.83. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 331.69, a Stop Loss order could be placed below this zone.
More info and screens
PEN Support and Resistance Analysis
226.57
We found 3 important support areas.
- A support zone ranging from 328.19 to 331.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @248.87 from a trend line in the weekly time frame.
- A support zone ranging from 228.86 to 230.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 332.83 to 341.32. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 359.27 to 359.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
PEN 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 PEN is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PEN is down. |
| ChartMill Relative Strength | 50.43 | NEUTRAL | PEN is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of PEN is below a declining 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) | 46.27 | NEUTRAL | The RSI value for PEN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.18 | POSITIVE | The MACD value suggests PEN has a positive trend. |
| Stochastics (14,3) | 40.74 | NEUTRAL | The Stochastics value for PEN is a neutral value. |
| Average True Range in percent/ATR (20) | 0.77 | LOW VOLATILITY | The low ATR as a percentage value for PEN suggests low volalility. |
| Average Directional Index/ADX (14) | 23.5 | NEUTRAL | The ADX value for PEN suggests a possible start of a new trend. |
PEN Chart- and CandleStick Pattern Analysis
PEN Technicals: Chart, Performance Metrics, Trend & Indicators
332.17
+0.69 (+0.21%)
PENUMBRA INC / PEN TA FAQ
What is the ChartMill technical rating of PENUMBRA INC (PEN) stock?
ChartMill assigns a technical rating of 3 / 10 to PEN.
What is the trend direction for PEN stock?
The current trend direction for PENUMBRA INC (PEN) is Bullish.
What is the RSI signal for PENUMBRA INC (PEN) stock?
PENUMBRA INC (PEN) has an RSI value of 46.2717. This indicates that the stock is currently neutral.
Can you provide the short term momentum for PENUMBRA INC?
The short term momentum for PENUMBRA INC (PEN) is negative.
What is the support and resistance level for PEN stock?
PENUMBRA INC (PEN) has a support level at 331.69 and a resistance level at 332.83. Check the full technical report for our detailed analysis of PEN support and resistance levels.