PENUMBRA INC (PEN) Stock Technical Analysis
NYSE:PEN - New York Stock Exchange, Inc. - US70975L1070 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to PEN. 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.
In the last month PEN has a been trading in the 260.38 - 308.99 range, which is quite wide. It is currently trading near the lows of this range.
When comparing the yearly performance of all stocks, we notice that PEN is one of the better performing stocks in the market, outperforming 86% of all stocks. We also observe that the gains produced by PEN over the past year are nicely spread over this period.
PEN is part of the Health Care Equipment & Supplies industry. There are 188 other stocks in this industry. PEN outperforms 84% of them.
PEN is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so PEN is performing more or less in line with the market.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
Although the technical rating is only medium, PEN does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. We notice that large players showed an interest for PEN in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
253.25
306.81
When analyzing the support we can see 3 important areas.
- Support @265.52 from a horizontal line in the weekly time frame.
- Support @260.67 from a horizontal line in the daily time frame.
- Support @255.81 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @266.12 from a trend line in the daily time frame.
- A resistance zone ranging from 272.68 to 282.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 299.79 to 303.77. This zone is formed by a combination of multiple trend lines 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 | 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 | 86.12 | POSITIVE | PEN has a high relative strength, it outperformed 86.12% 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) | 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) | 38.3 | NEUTRAL | The RSI value for PEN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.87 | NEGATIVE | The MACD value suggests PEN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 11.87 | OVERSOLD | The low Stochastics value suggests PEN may be oversold. |
| Average True Range in percent/ATR (20) | 3.67 | MEDIUM VOLATILITY | The ATR as a percentage value for PEN suggests some volalility. |
| Average Directional Index/ADX (14) | 22.44 | NEUTRAL | The ADX value for PEN suggests a possible start of a new 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)
265.53
+1.24 (+0.47%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg0.47%
1 Week-1.8%
2 Weeks-8.11%
1 Month-9.33%
3 Month-6.98%
6 Month8.77%
12 Month40.14%
2 Year-13.6%
3 Year80.73%
5 Year54%
10 YearN/A
15 YearN/A
Volatility
ATR(14)10.43
ATR(20)%3.67%
ATR Inc-15.22%
Range Today5.25
ADR(20)9.5
ADR(20)%3.58%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.12
Mansfield0.96
10 Day High288.62
10 Day Low260.38
20 Day High308.99
20 Day Low260.38
52 Week High310
52 Week Low148
CS1 End265.52
CR1 Start266.12
Volume & EV
DER(3)4.04%
DER(5)1.37%
Volume426.10K
Volume Incr-39.02%
Vol(5)397.48K
Vol(50)540.11K