PROVIDENT FINANCIAL SERVICES (PFS) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:PFS • US74386T1051
We assign a technical rating of 9 out of 10 to PFS. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, PFS is showing a nice and steady performance.
- The long and short term trends are both positive. This is looking good!
- PFS is part of the Banks industry. There are 383 other stocks in this industry. PFS outperforms 75% of them.
- PFS is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month PFS has a been trading in the 19.46 - 23.71 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the yearly performance of all stocks, we notice that PFS is one of the better performing stocks in the market, outperforming 84% of all stocks. However, this relatively good performance is mostly due to a recent big move.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although PFS has an excellent technical rating, it 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
15.85
We found 4 important support areas.
- A support zone ranging from 20.56 to 20.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @18.68 from a trend line in the daily time frame.
- Support @18.19 from a horizontal line in the daily time frame.
- Support @16.01 from a trend line 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 | UP | POSITIVE | The long term trend for PFS is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PFS is up. |
| ChartMill Relative Strength | 84.93 | POSITIVE | PFS has a high relative strength, it outperformed 84.93% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PFS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PFS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PFS is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 76.4 | OVERBOUGHT | The high RSI value suggests PFS may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.28 | POSITIVE | The MACD value suggests PFS has a positive trend. |
| Stochastics (14,3) | 92.02 | OVERBOUGHT | The high Stochastics value suggests PFS may be overbought. |
| Average True Range in percent/ATR (20) | 2.76 | MEDIUM VOLATILITY | The ATR as a percentage value for PFS suggests some volalility. |
| Average Directional Index/ADX (14) | 28.77 | POSITIVE | The high ADX value value for PFS suggests a strong trend. |
23.56
+0.26 (+1.12%)
PROVIDENT FINANCIAL SERVICES / PFS FAQ
What is the ChartMill technical rating of PROVIDENT FINANCIAL SERVICES (PFS) stock?
ChartMill assigns a technical rating of 9 / 10 to PFS.
What is the current trend direction of PROVIDENT FINANCIAL SERVICES (PFS) stock?
The current trend direction for PROVIDENT FINANCIAL SERVICES (PFS) is Bullish.
What is the RSI signal for PROVIDENT FINANCIAL SERVICES (PFS) stock?
PROVIDENT FINANCIAL SERVICES (PFS) has an RSI value of 76.4032. This indicates that the stock is currently overbought.
What is the MACD signal for PFS stock?
The MACD indicator for PROVIDENT FINANCIAL SERVICES (PFS) has a value of 0.278985, indicating a bearish trend.
What is the short term momentum for PFS stock?
The short term momentum for PROVIDENT FINANCIAL SERVICES (PFS) is positive.