PENGUIN SOLUTIONS INC (PENG) Stock Technical Analysis
USA - NASDAQ:PENG - US7069151055 - Common Stock
We assign a technical rating of 3 out of 10 to PENG. Although PENG 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.
PENG has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 22.86. Right above this resistance zone may be a good entry point.
More info and screens
20.95
2 important support areas can be observed.
- Support @21.71 from a trend line in the daily time frame.
- A support zone ranging from 21.16 to 21.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 22.86 to 23.11. This zone is formed by a combination of multiple trend lines and important moving averages 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 PENG is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PENG is down. |
| ChartMill Relative Strength | 78.73 | POSITIVE | PENG has a high relative strength, it outperformed 78.73% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PENG is above the rising 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 | POSITIVE | The current price of PENG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 47.15 | NEUTRAL | The RSI value for PENG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests PENG has a positive trend. |
| Stochastics (14,3) | 45.9 | NEUTRAL | The Stochastics value for PENG is a neutral value. |
| Average True Range in percent/ATR (20) | 3.32 | MEDIUM VOLATILITY | The ATR as a percentage value for PENG suggests some volalility. |
| Average Directional Index/ADX (14) | 23.85 | NEUTRAL | The ADX value for PENG suggests a possible start of a new trend. |
22.48
+0.79 (+3.64%)
PENGUIN SOLUTIONS INC / PENG FAQ
Can you provide the ChartMill technical rating for PENGUIN SOLUTIONS INC?
ChartMill assigns a technical rating of 3 / 10 to PENG.
What is the current trend direction of PENGUIN SOLUTIONS INC (PENG) stock?
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 47.1523. This indicates that the stock is currently neutral.
What is the MACD signal for PENG stock?
The MACD indicator for PENGUIN SOLUTIONS INC (PENG) has a value of 0.102822, indicating a bearish trend.