PERFORMANT HEALTHCARE INC (PFMT) Stock Technical Analysis
NASDAQ:PFMT - Nasdaq - US71377E1055 - Common Stock - Currency: USD
Overall PFMT gets a technical rating of 5 out of 10. PFMT has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
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 compared to the yearly performance of all other stocks, PFMT outperforms 64% of them, which is more or less in line with the market.
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
4.01
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.
2 important resistance areas can be observed.
- 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. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
3.56
-0.12 (-3.26%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg-3.26%
1 Week9.54%
2 Weeks13.38%
1 Month19.66%
3 Month-9.64%
6 Month28.52%
12 Month21.92%
2 Year-1.39%
3 Year47.72%
5 Year249.02%
10 Year-46.47%
15 YearN/A
Volatility
ATR(14)0.17
ATR(20)%4.48%
ATR Inc42.01%
Range Today0.17
ADR(20)0.16
ADR(20)%4.38%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS64.61
Mansfield0.01
10 Day High3.73
10 Day Low2.94
20 Day High3.73
20 Day Low2.9
52 Week High4.35
52 Week Low2.37
CS1 End3.55
CR1 Start3.69
Volume & EV
DER(3)-3.29%
DER(5)-3.06%
Volume166.10K
Volume Incr41.24%
Vol(5)198.00K
Vol(50)141.60K