PROVIDENT FINANCIAL SERVICES (PFS) Technical Analysis
NYSE:PFS • US74386T1051
Current stock price
PFS Technical Rating and Analysis
Taking everything into account, PFS scores 6 out of 10 in our technical rating. In the last year, PFS was one of the better performers, but we do observe some doubts in the very recent evolution.
- PFS is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- Looking at the yearly performance, PFS did better than 78% of all other stocks. We also observe that the gains produced by PFS over the past year are nicely spread over this period.
- PFS is one of the better performing stocks in the Banks industry, it outperforms 71% of 380 stocks in the same industry.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- PFS is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so PFS is lagging the market slightly.
PFS Weekly and Daily overview Charts
PFS Setup Rating and Analysis
Although the technical rating is only medium, PFS does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 20.71, a Stop Loss order could be placed below this zone.
More info and screens
PFS Support and Resistance Analysis
16.10
4 important support areas can be observed.
- A support zone ranging from 20.12 to 20.71. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @19.75 from a horizontal line in the daily time frame.
- A support zone ranging from 18.19 to 18.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @16.26 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 23.79 to 23.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
PFS Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The short term trend for PFS is down. |
| ChartMill Relative Strength | 78.8 | POSITIVE | PFS has a high relative strength, it outperformed 78.8% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of PFS is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of PFS is below 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) | 46.39 | NEUTRAL | The RSI value for PFS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests PFS has a positive trend. |
| Stochastics (14,3) | 61.42 | NEUTRAL | The Stochastics value for PFS is a neutral value. |
| Average True Range in percent/ATR (20) | 2.79 | MEDIUM VOLATILITY | The ATR as a percentage value for PFS suggests some volalility. |
| Average Directional Index/ADX (14) | 30.22 | POSITIVE | The high ADX value value for PFS suggests a strong trend. |
PFS Chart- and CandleStick Pattern Analysis
PFS Example Setup
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 |
|---|---|---|---|
| 21.20 | 20.11 | 1.09 (5.14%) | 19.45% |
| An entry @21.20. This is a Buy Stop order right above the 10 day high. | An exit @20.11. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.09 points, which is 5.14%. | When investing 19.45% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
PFS Technicals: Chart, Performance Metrics, Trend & Indicators
20.8
+0.21 (+1.02%)
PROVIDENT FINANCIAL SERVICES / PFS TA FAQ
What is the ChartMill technical rating of PROVIDENT FINANCIAL SERVICES (PFS) stock?
ChartMill assigns a technical rating of 6 / 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 46.3909. This indicates that the stock is currently neutral.
What is the MACD signal for PFS stock?
The MACD indicator for PROVIDENT FINANCIAL SERVICES (PFS) has a value of 0.0739002, indicating a bearish trend.
What is the short term momentum for PFS stock?
The short term momentum for PROVIDENT FINANCIAL SERVICES (PFS) is negative.