PROGYNY INC (PGNY) Stock Technical Analysis
NASDAQ:PGNY - Nasdaq - US74340E1038 - Common Stock - Currency: USD
Overall PGNY gets a technical rating of 7 out of 10. Although PGNY is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
When comparing the yearly performance of all stocks, PGNY is a bad performer in the overall market: 85% of all stocks are doing better.
Both the short term and long term trends are positive. This is a very positive sign.
PGNY has an average volume of 1063210 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
PGNY is part of the Health Care Providers & Services industry. There are 103 other stocks in this industry, PGNY did better than 50% of them.
PGNY is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PGNY is lagging the market.
In the last month PGNY has a been trading in the 21.09 - 24.66 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
PGNY has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 23.20. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 22.01, a Stop Loss order could be placed below this zone.
More info and screens
20.16
23.84
3 important support areas can be observed.
- A support zone ranging from 21.97 to 22.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @21.07 from a trend line in the daily time frame.
- A support zone ranging from 20.36 to 20.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 23.20 to 23.60. 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 PGNY is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PGNY is up. |
| ChartMill Relative Strength | 15.98 | NEGATIVE | PGNY has a low relative strength, it was outperformed by 84.02% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PGNY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PGNY is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PGNY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.79 | NEUTRAL | The RSI value for PGNY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests PGNY has a negative trend. |
| Stochastics (14,3) | 56.58 | NEUTRAL | The Stochastics value for PGNY is a neutral value. |
| Average True Range in percent/ATR (20) | 3.69 | MEDIUM VOLATILITY | The ATR as a percentage value for PGNY suggests some volalility. |
| Average Directional Index/ADX (14) | 24.91 | NEUTRAL | The ADX value for PGNY suggests a possible start of a new 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)
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 |
|---|---|---|---|
| 23.61 | 21.96 | 1.65 (6.99%) | 14.31% |
| An entry @23.61. This is a Buy Stop order right above the resistance zone. | An exit @21.96. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.65 points, which is 6.99%. | For a 1.00% total portfolio risk, you can invest 14.31% of your capital in this trade. |
- 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.
23.11
+0.11 (+0.48%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg0.48%
1 Week5.05%
2 Weeks-0.43%
1 Month7.69%
3 Month1.54%
6 Month4.62%
12 Month-20.69%
2 Year-44.66%
3 Year-24.3%
5 Year-13.2%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.91
ATR(20)%3.69%
ATR Inc-28.05%
Range Today0.53
ADR(20)0.85
ADR(20)%3.68%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.98
Mansfield0.42
10 Day High23.67
10 Day Low21.83
20 Day High24.66
20 Day Low21.09
52 Week High29.65
52 Week Low13.39
CS1 End22.01
CR1 Start23.2
Volume & EV
DER(3)0.62%
DER(5)0.51%
Volume891.70K
Volume Incr-29.6%
Vol(5)866.56K
Vol(50)1.06M