PEAPACK GLADSTONE FINL CORP (PGC) Stock Technical Analysis
NASDAQ:PGC - Nasdaq - US7046991078 - Common Stock - Currency: USD
Taking everything into account, PGC scores 0 out of 10 in our technical rating. PGC scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
80% of all other stocks performed better in the past year than PGC.
PGC is part of the Banks industry. There are 393 other stocks in this industry, of which 88% are performing better than PGC.
PGC is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so PGC is lagging the market.
In the last month PGC has a been trading in the 24.54 - 30.77 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
The technical rating of PGC is bad and it also does not present a quality setup 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
24.39
31.06
When analyzing the support we notice one important area.
- A support zone ranging from 24.64 to 24.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 26.43 to 26.43. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 27.83 to 28.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 29.61 to 29.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 30.53 to 30.75. 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 | DOWN | NEGATIVE | The short term trend for PGC is down. |
| ChartMill Relative Strength | 20.23 | NEGATIVE | PGC has a low relative strength, it was outperformed by 79.77% 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 | NEGATIVE | The current price of PGC is below 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) | 28.46 | OVERSOLD | The low RSI value suggests PGC may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.45 | NEGATIVE | The MACD value suggests PGC has a negative trend. |
| Stochastics (14,3) | 3.86 | OVERSOLD | The low Stochastics value suggests PGC may be oversold. |
| Average True Range in percent/ATR (20) | 3.72 | MEDIUM VOLATILITY | The ATR as a percentage value for PGC suggests some volalility. |
| Average Directional Index/ADX (14) | 38.75 | POSITIVE | The high ADX value value for PGC suggests a strong 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)
24.75
-0.73 (-2.86%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-2.86%
1 Week-6.25%
2 Weeks-16.92%
1 Month-18.53%
3 Month-13.88%
6 Month-21.8%
12 Month-4.66%
2 Year-9.24%
3 Year-26.49%
5 Year45.59%
10 Year16.64%
15 Year130.23%
Volatility
ATR(14)1.03
ATR(20)%3.72%
ATR Inc-17.12%
Range Today1.27
ADR(20)0.89
ADR(20)%3.6%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.23
Mansfield-2.21
10 Day High30.24
10 Day Low24.54
20 Day High30.77
20 Day Low24.54
52 Week High37.88
52 Week Low23.96
CS1 End24.74
CR1 Start26.43
Volume & EV
DER(3)-4.43%
DER(5)-7.65%
Volume108.50K
Volume Incr-8.03%
Vol(5)108.58K
Vol(50)93.43K