We assign a technical rating of 10 out of 10 to PGNY. Both in the recent history as in the last year, PGNY has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, PGNY also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 24.20, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
19.31
2 important support areas can be observed.
- A support zone ranging from 24.02 to 24.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @19.50 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 26.71 to 26.96. 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 | 90.88 | POSITIVE | PGNY has a high relative strength, it outperformed 90.88% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of PGNY is above a declining 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) | 54.7 | NEUTRAL | The RSI value for PGNY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests PGNY has a negative trend. |
| Stochastics (14,3) | 46.54 | NEUTRAL | The Stochastics value for PGNY is a neutral value. |
| Average True Range in percent/ATR (20) | 3.42 | MEDIUM VOLATILITY | The ATR as a percentage value for PGNY suggests some volalility. |
| Average Directional Index/ADX (14) | 26.35 | POSITIVE | The high ADX value value for PGNY 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 |
|---|---|---|---|
| 26.97 | 25.13 | 1.84 (6.83%) | 14.65% |
| An entry @26.97. This is a Buy Stop order right above the resistance zone. | An exit @25.13. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.84 points, which is 6.83%. | For a 1.00% total portfolio risk, you can invest 14.65% 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.
25.8
+0.29 (+1.14%)
PROGYNY INC / PGNY FAQ
What is the technical rating for PGNY stock?
ChartMill assigns a technical rating of 10 / 10 to PGNY.
What is the trend direction for PGNY stock?
The current trend direction for PROGYNY INC (PGNY) is Bullish.
What is the RSI signal for PROGYNY INC (PGNY) stock?
PROGYNY INC (PGNY) has an RSI value of 54.7012. This indicates that the stock is currently neutral.
What is the MACD signal for PROGYNY INC (PGNY) stock?
The MACD indicator for PROGYNY INC (PGNY) has a value of -0.154791, indicating a bearish trend.
What is the support and resistance level for PGNY stock?
PROGYNY INC (PGNY) has a support level at 24.2 and a resistance level at 26.71. Check the full technical report for our detailed analysis of PGNY support and resistance levels.