PEAPACK GLADSTONE FINL CORP (PGC) Stock Technical Analysis
NASDAQ:PGC - Nasdaq - US7046991078 - Common Stock - Currency: USD
Overall PGC gets a technical rating of 7 out of 10. Although PGC has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
When comparing the yearly performance of all stocks, we notice that PGC is one of the better performing stocks in the market, outperforming 80% of all stocks.
In the last month PGC has a been trading in the 26.30 - 29.56 range, which is quite wide. It is currently trading near the high of this range.
PGC is part of the Banks industry. There are 395 other stocks in this industry, PGC did better than 61% of them.
PGC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PGC is lagging the market.
Volume is considerably higher in the last couple of days.
PGC has an excellent technical rating, but the quality of the setup is only medium 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
24.70
31.89
We found 5 important support areas.
- Support @28.74 from a horizontal line in the daily time frame.
- A support zone ranging from 27.55 to 28.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 26.52 to 26.89. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @26.00 from a trend line in the weekly time frame.
- Support @24.95 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 29.00 to 29.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 31.20 to 31.57. 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 | NEUTRAL | NEUTRAL | The long term trend for PGC is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PGC is up. |
| ChartMill Relative Strength | 80.16 | POSITIVE | PGC has a high relative strength, it outperformed 80.16% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PGC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PGC is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of PGC is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.36 | NEUTRAL | The RSI value for PGC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.19 | POSITIVE | The MACD value suggests PGC has a positive trend. |
| Stochastics (14,3) | 85.55 | OVERBOUGHT | The high Stochastics value suggests PGC may be overbought. |
| Average True Range in percent/ATR (20) | 2.66 | MEDIUM VOLATILITY | The ATR as a percentage value for PGC suggests some volalility. |
| Average Directional Index/ADX (14) | 17.35 | NEGATIVE | The low ADX value for PGC suggests a weak or negative trend. |
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)
28.99
+0.74 (+2.62%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg2.62%
1 Week4.73%
2 Weeks7.41%
1 Month6.23%
3 Month14.18%
6 Month-8.29%
12 Month35.15%
2 Year-0.82%
3 Year-11.24%
5 Year78.07%
10 Year30.59%
15 Year129.17%
Volatility
ATR(14)0.83
ATR(20)%2.66%
ATR Inc29.86%
Range Today1.58
ADR(20)0.75
ADR(20)%2.6%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.16
Mansfield-0.87
10 Day High29.56
10 Day Low26.3
20 Day High29.56
20 Day Low26.3
52 Week High37.88
52 Week Low20.98
CS1 End27.91
CR1 Start28.74
Volume & EV
DER(3)0.6%
DER(5)0.96%
Volume92.40K
Volume Incr77.74%
Vol(5)118.56K
Vol(50)80.78K