PENGUIN SOLUTIONS INC (PENG) Stock Technical Analysis
NASDAQ:PENG - Nasdaq - KYG8232Y1017 - Common Stock - Currency: USD
Taking everything into account, PENG scores 3 out of 10 in our technical rating. In the last year, PENG was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
Although the technical rating is bad, PENG does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 17.76, a Stop Loss order could be placed below this zone.
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15.04
2 important support areas can be observed.
- A support zone ranging from 17.55 to 17.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @15.19 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
- Resistance @17.82 from a trend line in the daily time frame.
- A resistance zone ranging from 19.02 to 19.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 19.52 to 19.75. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for PENG is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PENG is neutral. |
| ChartMill Relative Strength | 0 | NEGATIVE | PENG has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of PENG is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of PENG is above a declining SMA(50). |
| Relative Strength Index/RSI (14) | 47.76 | NEUTRAL | The RSI value for PENG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests PENG has a negative trend. |
| Stochastics (14,3) | 19.39 | OVERSOLD | The low Stochastics value suggests PENG may be oversold. |
| Average True Range in percent/ATR (20) | 3.47 | MEDIUM VOLATILITY | The ATR as a percentage value for PENG suggests some volalility. |
| Average Directional Index/ADX (14) | 10.14 | NEGATIVE | The low ADX value for PENG suggests a weak or negative trend. |
17.76
-0.17 (-0.95%)