PEAPACK GLADSTONE FINL CORP (PGC) Stock Technical Analysis
NASDAQ:PGC - Nasdaq - US7046991078 - Common Stock - Currency: USD
We assign a technical rating of 1 out of 10 to PGC. PGC has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
Looking at the yearly performance, PGC did better than 77% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
PGC is an average performer in the Banks industry, it outperforms 57% of 396 stocks in the same industry.
PGC 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 PGC is lagging the market slightly.
In the last month PGC has a been trading in the 26.25 - 29.86 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, PGC does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 28.07. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 27.84, a Stop Loss order could be placed below this zone.
More info and screens
24.39
32.49
3 important support areas can be observed.
- A support zone ranging from 27.50 to 27.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @25.65 from a trend line in the weekly time frame.
- A support zone ranging from 24.64 to 24.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 28.07 to 28.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 29.40 to 29.58. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 31.87 to 32.17. 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 | DOWN | NEGATIVE | The long term trend for PGC is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PGC is neutral. |
| ChartMill Relative Strength | 77.61 | POSITIVE | PGC has a high relative strength, it outperformed 77.61% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PGC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of PGC is above a declining 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) | 50.41 | NEUTRAL | The RSI value for PGC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests PGC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 42.87 | NEUTRAL | The Stochastics value for PGC is a neutral value. |
| Average True Range in percent/ATR (20) | 2.72 | MEDIUM VOLATILITY | The ATR as a percentage value for PGC suggests some volalility. |
| Average Directional Index/ADX (14) | 15.17 | 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)
27.87
+0.56 (+2.05%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg2.05%
1 Week1.64%
2 Weeks2.92%
1 Month-2.28%
3 Month-8.29%
6 Month-23.46%
12 Month32.15%
2 Year2.92%
3 Year-6.16%
5 Year48.8%
10 Year25.43%
15 Year138.21%
Volatility
ATR(14)0.77
ATR(20)%2.72%
ATR Inc-18.7%
Range Today0.5
ADR(20)0.72
ADR(20)%2.57%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.61
Mansfield-0.87
10 Day High28.14
10 Day Low26.26
20 Day High29.86
20 Day Low26.26
52 Week High37.88
52 Week Low20.55
CS1 End27.84
CR1 Start28.07
Volume & EV
DER(3)-3.26%
DER(5)-3.08%
Volume75.90K
Volume Incr-23.57%
Vol(5)64.86K
Vol(50)97.31K