PENNYMAC FINANCIAL SERVICES (PFSI) Stock Technical Analysis
NYSE:PFSI - New York Stock Exchange, Inc. - US70932M1071 - Common Stock - Currency: USD
Overall PFSI gets a technical rating of 5 out of 10. In the last year, PFSI was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
PFSI has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 101.44. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 100.51, a Stop Loss order could be placed below this zone.
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92.38
When analyzing the support we can see 2 important areas.
- A support zone ranging from 98.16 to 100.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 93.31 to 95.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 101.44 to 101.62. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @103.65 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 | NEUTRAL | NEUTRAL | The long term trend for PFSI is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PFSI is up. |
| ChartMill Relative Strength | 39.07 | NEUTRAL | PFSI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PFSI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PFSI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PFSI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.75 | NEUTRAL | The RSI value for PFSI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests PFSI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 50.6 | NEUTRAL | The Stochastics value for PFSI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.14 | MEDIUM VOLATILITY | The ATR as a percentage value for PFSI suggests some volalility. |
| Average Directional Index/ADX (14) | 12.51 | NEGATIVE | The low ADX value for PFSI suggests a weak or negative trend. |
100.85
-0.09 (-0.09%)