PENGUIN SOLUTIONS INC (PENG) Technical Analysis
NASDAQ:PENG • US7069151055
Current stock price
PENG Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to PENG. Both in the recent history as in the last year, PENG has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, PENG did better than 93% of all other stocks.
- PENG is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month PENG has a been trading in the 19.65 - 31.30 range, which is quite wide. It is currently trading near the high of this range.
- PENG has an average volume of 1338620 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- PENG is part of the Semiconductors & Semiconductor Equipment industry. There are 115 other stocks in this industry, PENG did better than 46% of them.
PENG Weekly and Daily overview Charts
PENG Setup Rating and Analysis
Although PENG 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
PENG Support and Resistance Analysis
16.67
When analyzing the support we notice one important area.
- Support @16.84 from a trend line in the weekly time frame.
PENG 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 | UP | POSITIVE | The long term trend for PENG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PENG is up. |
| ChartMill Relative Strength | 93.21 | POSITIVE | PENG has a high relative strength, it outperformed 93.21% 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) | UP | POSITIVE | The current price of PENG is above the rising 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) | 74.37 | OVERBOUGHT | The high RSI value suggests PENG may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.24 | POSITIVE | The MACD value suggests PENG has a positive trend. |
| Stochastics (14,3) | 85.34 | OVERBOUGHT | The high Stochastics value suggests PENG may be overbought. |
| Average True Range in percent/ATR (20) | 4.89 | MEDIUM VOLATILITY | The ATR as a percentage value for PENG suggests some volalility. |
| Average Directional Index/ADX (14) | 49.77 | POSITIVE | The high ADX value value for PENG suggests a strong trend. |
PENG Chart- and CandleStick Pattern Analysis
PENG Technicals: Chart, Performance Metrics, Trend & Indicators
31.24
+0.83 (+2.73%)
PENGUIN SOLUTIONS INC / PENG TA FAQ
Can you provide the ChartMill technical rating for PENGUIN SOLUTIONS INC?
ChartMill assigns a technical rating of 10 / 10 to PENG.
Can you provide the trend direction for PENGUIN SOLUTIONS INC?
The current trend direction for PENGUIN SOLUTIONS INC (PENG) is Bullish.
What is the RSI signal for PENG stock?
PENGUIN SOLUTIONS INC (PENG) has an RSI value of 74.3654. This indicates that the stock is currently overbought.
Can you provide the MACD signal for PENGUIN SOLUTIONS INC?
The MACD indicator for PENGUIN SOLUTIONS INC (PENG) has a value of 0.237444, indicating a bearish trend.
What is the short term momentum for PENGUIN SOLUTIONS INC (PENG) stock?
The short term momentum for PENGUIN SOLUTIONS INC (PENG) is positive.