PERFORMANCE FOOD GROUP CO (PFGC) Stock Technical Analysis
NYSE:PFGC - New York Stock Exchange, Inc. - US71377A1034 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to PFGC. PFGC was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
Besides having an excellent technical rating, PFGC also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. 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 87.26, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for PFGC in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
75.58
We found 2 important support areas.
- A support zone ranging from 83.70 to 87.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @76.34 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- Resistance @88.76 from a horizontal line in the daily time frame.
- A resistance zone ranging from 90.19 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 | NEUTRAL | NEUTRAL | The short term trend for PFGC is neutral. |
| ChartMill Relative Strength | 84.69 | POSITIVE | PFGC has a high relative strength, it outperformed 84.69% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of PFGC is above a declining 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) | 54.5 | NEUTRAL | The RSI value for PFGC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.24 | NEGATIVE | The MACD value suggests PFGC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 36.99 | NEUTRAL | The Stochastics value for PFGC is a neutral value. |
| Average True Range in percent/ATR (20) | 1.67 | LOW VOLATILITY | The low ATR as a percentage value for PFGC suggests low volalility. |
| Average Directional Index/ADX (14) | 9.45 | 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 | 84.85 | 3.92 (4.42%) | 22.65% |
| An entry @88.77. This is a Buy Stop order right above the resistance zone. | An exit @84.85. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 3.92 points, which is 4.42%. | For a 1.00% total portfolio risk, you can invest 22.65% of your capital in this trade. |
- 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.
87.47
+1.24 (+1.44%)