We assign a technical rating of 0 out of 10 to PENG. PENG's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, PENG is a bad performer in the overall market: 76% of all stocks are doing better.
- PENG is one of the lesser performing stocks in the Semiconductors & Semiconductor Equipment industry. 77% of 113 stocks in the same industry do better.
- PENG is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- PENG has an average volume of 1217220 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month PENG has a been trading in the 17.13 - 21.25 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, PENG does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 19.11. Right above this resistance zone may be a good entry point.
More info and screens
17.27
2 important support areas can be observed.
- Support @18.44 from a trend line in the weekly time frame.
- A support zone ranging from 17.44 to 17.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 19.11 to 19.40. 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 19.95 to 20.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 21.55 to 21.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @22.86 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 PENG is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PENG is down. |
| ChartMill Relative Strength | 24.73 | NEGATIVE | PENG has a low relative strength, it was outperformed by 75.27% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PENG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PENG is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of PENG is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.51 | NEUTRAL | The RSI value for PENG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests PENG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 44.46 | NEUTRAL | The Stochastics value for PENG is a neutral value. |
| Average True Range in percent/ATR (20) | 4.76 | MEDIUM VOLATILITY | The ATR as a percentage value for PENG suggests some volalility. |
| Average Directional Index/ADX (14) | 16.63 | NEGATIVE | The low ADX value for PENG suggests a weak or negative trend. |
18.93
+0.24 (+1.28%)
PENGUIN SOLUTIONS INC / PENG FAQ
Can you provide the ChartMill technical rating for PENGUIN SOLUTIONS INC?
ChartMill assigns a technical rating of 0 / 10 to PENG.
Can you provide the trend direction for PENGUIN SOLUTIONS INC?
The current trend direction for PENGUIN SOLUTIONS INC (PENG) is Bearish.
Can you provide the RSI signal for PENGUIN SOLUTIONS INC?
PENGUIN SOLUTIONS INC (PENG) has an RSI value of 46.5132. This indicates that the stock is currently neutral.
Can you provide the short term momentum for PENGUIN SOLUTIONS INC?
The short term momentum for PENGUIN SOLUTIONS INC (PENG) is negative.
What is the buy/sell signal for PENG stock?
The buy/sell signal for PENGUIN SOLUTIONS INC (PENG) is sell as both the short term and long term trends are negative.