PEAPACK GLADSTONE FINL CORP (PGC) Technical Analysis
NASDAQ:PGC • US7046991078
We assign a technical rating of 8 out of 10 to PGC. Although PGC is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Both the short term and long term trends are positive. This is a very positive sign.
- PGC is one of the better performing stocks in the Banks industry, it outperforms 74% of 379 stocks in the same industry.
- PGC is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so PGC is lagging the market slightly.
- Looking at the yearly performance, PGC did better than 77% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
- In the last month PGC has a been trading in the 32.36 - 35.68 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, PGC also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 34.23, a Stop Loss order could be placed below this zone.
More info and screens
24.50
We found 4 important support areas.
- A support zone ranging from 32.96 to 34.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 31.27 to 31.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @26.64 from a trend line in the weekly time frame.
- A support zone ranging from 24.75 to 24.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- Resistance @34.55 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 35.24 to 35.51. 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 PGC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PGC is up. |
| ChartMill Relative Strength | 77.45 | POSITIVE | PGC has a high relative strength, it outperformed 77.45% 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 | POSITIVE | The current price of PGC is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.76 | NEUTRAL | The RSI value for PGC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests PGC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 62.49 | NEUTRAL | The Stochastics value for PGC is a neutral value. |
| Average True Range in percent/ATR (20) | 3.41 | MEDIUM VOLATILITY | The ATR as a percentage value for PGC suggests some volalility. |
| Average Directional Index/ADX (14) | 26.84 | POSITIVE | The high ADX value value for PGC 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 |
|---|---|---|---|
| 34.56 | 32.95 | 1.61 (4.66%) | 21.47% |
| An entry @34.56. This is a Buy Stop order right above the resistance zone. | An exit @32.95. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.61 points, which is 4.66%. | For a 1.00% total portfolio risk, you can invest 21.47% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of PGC. Please evaluate whether better entry and exit points can be found.
- 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.
PGC Technicals: Chart, Performance Metrics, Trend & Indicators
34.48
+0.47 (+1.38%)
PEAPACK GLADSTONE FINL CORP / PGC FAQ
Can you provide the ChartMill technical rating for PEAPACK GLADSTONE FINL CORP?
ChartMill assigns a technical rating of 8 / 10 to PGC.
What is the trend direction for PGC stock?
The current trend direction for PEAPACK GLADSTONE FINL CORP (PGC) is Bullish.
What is the RSI signal for PEAPACK GLADSTONE FINL CORP (PGC) stock?
PEAPACK GLADSTONE FINL CORP (PGC) has an RSI value of 59.7573. This indicates that the stock is currently neutral.
Can you provide the short term momentum for PEAPACK GLADSTONE FINL CORP?
The short term momentum for PEAPACK GLADSTONE FINL CORP (PGC) is positive.
Can you provide the support and resistance levels for PEAPACK GLADSTONE FINL CORP?
PEAPACK GLADSTONE FINL CORP (PGC) has a support level at 34.23 and a resistance level at 34.55. Check the full technical report for our detailed analysis of PGC support and resistance levels.