PENUMBRA INC (PEN) Stock Technical Analysis
NYSE:PEN - New York Stock Exchange, Inc. - US70975L1070 - Common Stock - Currency: USD
Taking everything into account, PEN scores 1 out of 10 in our technical rating. PEN has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
In the last month PEN has a been trading in the 236.22 - 265.48 range, which is quite wide. It is currently trading near the lows of this range.
When comparing the performance of all stocks over the past year, PEN turns out to be only a medium performer in the overall market: it outperformed 48% of all stocks.
PEN is part of the Health Care Equipment & Supplies industry. There are 187 other stocks in this industry, PEN did better than 68% of them.
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.
The technical rating of PEN is bad and it also does not present a 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.
More info and screens
235.55
306.80
We found 1 important support area.
- A support zone ranging from 237.93 to 237.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 245.47 to 246.98. 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 258.13 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 | DOWN | NEGATIVE | The long term trend for PEN is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PEN is down. |
| ChartMill Relative Strength | 48.55 | 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 | MIXED | The current price of PEN is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 28.67 | OVERSOLD | The low RSI value suggests PEN may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.78 | NEGATIVE | The MACD value suggests PEN has a negative trend. |
| Stochastics (14,3) | 13.55 | OVERSOLD | The low Stochastics value suggests PEN may be oversold. |
| Average True Range in percent/ATR (20) | 2.67 | MEDIUM VOLATILITY | The ATR as a percentage value for PEN suggests some volalility. |
| Average Directional Index/ADX (14) | 35.73 | 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)
239.32
+1.38 (+0.58%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg0.58%
1 Week-3.64%
2 Weeks-6.67%
1 Month-5.56%
3 Month-13.71%
6 Month-9.24%
12 Month26.04%
2 Year-21.11%
3 Year71.7%
5 Year7.85%
10 YearN/A
15 YearN/A
Volatility
ATR(14)5.6
ATR(20)%2.67%
ATR Inc4.09%
Range Today4.23
ADR(20)6.05
ADR(20)%2.53%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS48.55
Mansfield-0.88
10 Day High258.2
10 Day Low236.23
20 Day High265.48
20 Day Low236.23
52 Week High310
52 Week Low148
CS1 End237.93
CR1 Start245.47
Volume & EV
DER(3)4.81%
DER(5)4.34%
Volume398.10K
Volume Incr-8.98%
Vol(5)380.56K
Vol(50)484.49K