PROVIDENT FINANCIAL SERVICES (PFS) Stock Technical Analysis
NYSE:PFS - New York Stock Exchange, Inc. - US74386T1051 - Common Stock - Currency: USD
Taking everything into account, PFS scores 7 out of 10 in our technical rating. In the last year, PFS was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Besides having an excellent technical rating, PFS also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 18.77. Right above this resistance zone may be a good entry point.
More info and screens
14.94
3 important support areas can be observed.
- A support zone ranging from 17.20 to 17.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 15.98 to 16.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @15.09 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 18.77 to 19.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 78.55 | POSITIVE | PFS has a high relative strength, it outperformed 78.55% 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) | DOWN | MIXED | The current price of PFS is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 62.98 | NEUTRAL | The RSI value for PFS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.13 | POSITIVE | The MACD value suggests PFS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.72 | OVERBOUGHT | The high Stochastics value suggests PFS may be overbought. |
| Average True Range in percent/ATR (20) | 2.52 | MEDIUM VOLATILITY | The ATR as a percentage value for PFS suggests some volalility. |
| Average Directional Index/ADX (14) | 31.57 | POSITIVE | The high ADX value value for PFS suggests a strong trend. |
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 |
|---|---|---|---|
| 19.17 | 17.39 | 1.78 (9.29%) | 10.77% |
| An entry @19.17. This is a Buy Stop order right above the resistance zone. | An exit @17.39. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 1.78 points, which is 9.29%. | For a 1.00% total portfolio risk, you can invest 10.77% of your capital in this trade. |
- 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.
18.54
-0.25 (-1.33%)