PERFORMANCE FOOD GROUP CO (PFGC) Stock Technical Analysis
NYSE:PFGC - New York Stock Exchange, Inc. - US71377A1034 - Common Stock - Currency: USD
Taking everything into account, PFGC scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, PFGC is showing a nice and steady performance.
Besides having an excellent technical rating, PFGC also presents a decent setup pattern. 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 a resistance zone just above the current price starting at 88.76. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 87.75, a Stop Loss order could be placed below this zone.
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70.58
We found 4 important support areas.
- A support zone ranging from 87.36 to 88.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 83.70 to 83.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @75.57 from a trend line in the weekly time frame.
- Support @71.29 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @88.76 from a horizontal line in the daily time frame.
- A resistance zone ranging from 90.31 to 90.93. 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 | UP | POSITIVE | The long term trend for PFGC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PFGC is up. |
| ChartMill Relative Strength | 85.42 | POSITIVE | PFGC has a high relative strength, it outperformed 85.42% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PFGC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PFGC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PFGC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.11 | NEUTRAL | The RSI value for PFGC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests PFGC has a negative trend. |
| Stochastics (14,3) | 66.26 | NEUTRAL | The Stochastics value for PFGC is a neutral value. |
| Average True Range in percent/ATR (20) | 1.89 | LOW VOLATILITY | The low ATR as a percentage value for PFGC suggests low volalility. |
| Average Directional Index/ADX (14) | 14.57 | NEGATIVE | The low ADX value for PFGC suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 88.77 | 87.09 | 1.68 (1.89%) | 25.00% |
| An entry @88.77. This is a Buy Stop order right above the resistance zone. | An exit @87.09. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.68 points, which is 1.89%. | For a 0.47% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of PFGC. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
88.29
+0.53 (+0.6%)