PENUMBRA INC (PEN) Stock Technical Analysis
NYSE:PEN - US70975L1070 - Common Stock
272.64 USD
+0.96 (+0.35%)
272.64 USD
0 (0%)
Overall PEN gets a technical rating of 9 out of 10. In the last year, PEN was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
Looking at the yearly performance, PEN did better than 78% of all other 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 80% of 189 stocks in the same industry.
In the last month PEN has a been trading in the 234.34 - 273.43 range, which is quite wide. It is currently trading near the high of this range.
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.
Although PEN has an excellent technical rating, it does not present a decent entry opportunity 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
235.39
306.81
When analyzing the support we can see 2 important areas.
- A support zone ranging from 253.76 to 262.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 237.77 to 240.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- 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 | UP | POSITIVE | The short term trend for PEN is up. |
| ChartMill Relative Strength | 78.96 | POSITIVE | PEN has a high relative strength, it outperformed 78.96% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PEN is above 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 | POSITIVE | The current price of PEN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 69.98 | NEUTRAL | The RSI value for PEN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.27 | POSITIVE | The MACD value suggests PEN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 95.33 | OVERBOUGHT | The high Stochastics value suggests PEN may be overbought. |
| Average True Range in percent/ATR (20) | 2.6 | MEDIUM VOLATILITY | The ATR as a percentage value for PEN suggests some volalility. |
| Average Directional Index/ADX (14) | 33.62 | 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)
272.64
+0.96 (+0.35%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg0.35%
1 Week2.98%
2 Weeks7.75%
1 Month12.19%
3 Month2.12%
6 Month-4.48%
12 Month34.76%
2 Year3.08%
3 Year66.07%
5 Year30.36%
10 YearN/A
15 YearN/A
Volatility
ATR(14)7.56
ATR(20)%2.6%
ATR Inc-9.37%
Range Today3.32
ADR(20)7.01
ADR(20)%2.57%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS78.96
Mansfield-0.07
10 Day High273.43
10 Day Low250.56
20 Day High273.43
20 Day Low234.34
52 Week High310
52 Week Low184.8
CS1 End262.18
CR1 Start299.79
Volume & EV
DER(3)0.54%
DER(5)-1.97%
Volume395.40K
Volume Incr9.49%
Vol(5)543.42K
Vol(50)464.72K