We assign a technical rating of 2 out of 10 to PGC. In the past year, PGC was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
PGC has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 26.82, a Stop Loss order could be placed below this zone.
24.39
3 important support areas can be observed.
When analyzing the resistance we notice 3 important areas.
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 | UP | POSITIVE | The short term trend for PGC is up. |
| ChartMill Relative Strength | 18.48 | NEGATIVE | PGC has a low relative strength, it was outperformed by 81.52% 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) | DOWN | MIXED | The current price of PGC is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PGC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.34 | NEUTRAL | The RSI value for PGC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.26 | POSITIVE | The MACD value suggests PGC has a positive trend. |
| Stochastics (14,3) | 87.15 | OVERBOUGHT | The high Stochastics value suggests PGC may be overbought. |
| Average True Range in percent/ATR (20) | 3.1 | MEDIUM VOLATILITY | The ATR as a percentage value for PGC suggests some volalility. |
| Average Directional Index/ADX (14) | 18.77 | NEGATIVE | The low ADX value for PGC suggests a weak or negative trend. |
27
+0.05 (+0.19%)
ChartMill assigns a technical rating of 2 / 10 to PGC.
The current trend direction for PEAPACK GLADSTONE FINL CORP (PGC) is Bearish.
PEAPACK GLADSTONE FINL CORP (PGC) has an RSI value of 56.3415. This indicates that the stock is currently neutral.
The MACD indicator for PEAPACK GLADSTONE FINL CORP (PGC) has a value of 0.260673, indicating a bearish trend.
The buy/sell signal for PEAPACK GLADSTONE FINL CORP (PGC) is hold as the short term and long term trends are mixed.