PEN Technical Analysis - PENUMBRA INC

Technical Rating and Analysis

Overall PEN gets a technical rating of 5 out of 10. 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 250.75 - 288.91 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

Looking at the yearly performance, PEN did better than 72% of all other stocks.

PEN is one of the better performing stocks in the Health Care Equipment & Supplies industry, it outperforms 77% of 190 stocks in the same industry.

The short term trend is negative, the long term trend is neutral. Not much exciting going on here.

PEN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PEN is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

PEN has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

224.87

306.80

We found 2 important support areas.

Support @241.47 from a trend line in the weekly time frame.
A support zone ranging from 227.14 to 230.37. This zone is formed by a combination of multiple trend lines in multiple time frames.

We can see 3 important resistance areas.

Resistance @281.47 from a horizontal line in the weekly time frame.
A resistance zone ranging from 287.10 to 287.75. This zone is formed by a combination of multiple trend lines in the daily time frame.
Resistance @303.76 from a horizontal line in the daily time frame.

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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	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	72.33	POSITIVE	PEN has a high relative strength, it outperformed 72.33% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of PEN is below the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of PEN is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	MIXED	The current price of PEN is below the rising SMA(200).
Relative Strength Index/RSI (14)	42.6	NEUTRAL	The RSI value for PEN is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-3.37	NEGATIVE	The MACD value suggests PEN has a negative trend.
Stochastics (14,3)	13.4	OVERSOLD	The low Stochastics value suggests PEN may be oversold.
Average True Range in percent/ATR (20)	3.21	MEDIUM VOLATILITY	The ATR as a percentage value for PEN suggests some volalility.
Average Directional Index/ADX (14)	28.46	POSITIVE	The high ADX value value for PEN suggests a strong trend.