Taking everything into account, PFMT scores 5 out of 10 in our technical rating. In the past year, PFMT was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- In the last month PFMT has a been trading in the 2.90 - 3.73 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- When comparing the performance of all stocks over the past year, PFMT turns out to be only a medium performer in the overall market: it outperformed 64% of all stocks.
- PFMT is an average performer in the Health Care Providers & Services industry, it outperforms 64% of 103 stocks in the same industry.
- PFMT is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PFMT is lagging the market.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
PFMT has an average technical rating and it also does not offer a high quality setup 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
2.63
3 important support areas can be observed.
- A support zone ranging from 3.50 to 3.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @3.01 from a trend line in the daily time frame.
- Support @2.66 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @3.69 from a horizontal line in the daily time frame.
- A resistance zone ranging from 3.94 to 3.97. This zone is formed by a combination of multiple trend lines in the weekly 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 | NEUTRAL | NEUTRAL | The long term trend for PFMT is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PFMT is up. |
| ChartMill Relative Strength | 64.61 | NEUTRAL | PFMT is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PFMT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PFMT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PFMT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.15 | NEUTRAL | The RSI value for PFMT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests PFMT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 84.31 | OVERBOUGHT | The high Stochastics value suggests PFMT may be overbought. |
| Average True Range in percent/ATR (20) | 4.48 | MEDIUM VOLATILITY | The ATR as a percentage value for PFMT suggests some volalility. |
| Average Directional Index/ADX (14) | 26.94 | POSITIVE | The high ADX value value for PFMT suggests a strong trend. |
3.56
-0.12 (-3.26%)
PERFORMANT HEALTHCARE INC / PFMT FAQ
What is the technical rating for PFMT stock?
ChartMill assigns a technical rating of 5 / 10 to PFMT.
Can you provide the trend direction for PERFORMANT HEALTHCARE INC?
The current trend direction for PERFORMANT HEALTHCARE INC (PFMT) is Bearish.
What is the RSI signal for PFMT stock?
PERFORMANT HEALTHCARE INC (PFMT) has an RSI value of 58.1468. This indicates that the stock is currently neutral.
What is the MACD signal for PERFORMANT HEALTHCARE INC (PFMT) stock?
The MACD indicator for PERFORMANT HEALTHCARE INC (PFMT) has a value of 0.0837502, indicating a bearish trend.
Can you provide the short term momentum for PERFORMANT HEALTHCARE INC?
The short term momentum for PERFORMANT HEALTHCARE INC (PFMT) is positive.