Pfenex Inc (PFNX) Stock Technical Analysis
NYSEARCA:PFNX - NYSE Arca -
Taking everything into account, PFNX scores 10 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, PFNX is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that PFNX is one of the better performing stocks in the market, outperforming 93% of all stocks.
PFNX is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so PFNX is lagging the market slightly.
PFNX is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
In the last month PFNX has a been trading in a tight range between 12.53 and 12.95.
Besides having an excellent technical rating, PFNX also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 12.74, a Stop Loss order could be placed below this zone.
More info and screens
5.47
13.02
We found 3 important support areas.
- A support zone ranging from 12.52 to 12.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 8.21 to 8.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @5.53 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- Resistance @12.89 from a horizontal line 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 PFNX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PFNX is up. |
| ChartMill Relative Strength | 93.5 | POSITIVE | PFNX has a high relative strength, it outperformed 93.5% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PFNX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PFNX is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PFNX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.56 | NEUTRAL | The RSI value for PFNX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.11 | NEGATIVE | The MACD value suggests PFNX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 58.04 | NEUTRAL | The Stochastics value for PFNX is a neutral value. |
| Average True Range in percent/ATR (20) | 1.09 | LOW VOLATILITY | The low ATR as a percentage value for PFNX suggests low volalility. |
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)
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 |
|---|---|---|---|
| 12.90 | 12.65 | 0.25 (1.94%) | 25.00% |
| An entry @12.90. This is a Buy Stop order right above the resistance zone. | An exit @12.65. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.25 points, which is 1.94%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.48%. |
- 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.
12.75
-0.01 (-0.08%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.08%
1 Week0.31%
2 Weeks0.47%
1 Month1.03%
3 Month53.25%
6 Month51.97%
12 Month70.91%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.11
ATR(20)%1.09%
ATR Inc48.55%
Range Today0.2
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.5
Mansfield2.07
10 Day High12.94
10 Day Low12.66
20 Day High12.95
20 Day Low12.53
52 Week High14
52 Week Low5.26
CS1 End12.74
CR1 Start12.89
Volume & EV
DER(3)0.21%
DER(5)2.04%
Volume1.63M
Volume Incr342.02%
Vol(5)2.58M
Vol(50)970.21K