PROGYNY INC (PGNY) Stock Technical Analysis
NASDAQ:PGNY - US74340E1038 - Common Stock
23.53 USD
+0.4 (+1.73%)
23.53 USD
0 (0%)
We assign a technical rating of 7 out of 10 to PGNY. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, PGNY is only an average performer.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
PGNY is one of the better performing stocks in the Health Care Providers & Services industry, it outperforms 70% of 104 stocks in the same industry.
PGNY is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so PGNY is lagging the market slightly.
PGNY has an average volume of 1116310 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, PGNY outperforms 66% of them, which is more or less in line with the market.
In the last month PGNY has a been trading in the 21.26 - 26.38 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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. There is a resistance zone just above the current price starting at 23.54. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 22.98, a Stop Loss order could be placed below this zone.
More info and screens
20.16
24.51
We found 3 important support areas.
- A support zone ranging from 22.18 to 22.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @21.34 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.
2 important resistance areas can be observed.
- A resistance zone ranging from 23.54 to 23.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @24.27 from a horizontal line in the daily time frame.
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 | NEUTRAL | NEUTRAL | The short term trend for PGNY is neutral. |
| ChartMill Relative Strength | 66.65 | NEUTRAL | PGNY is not amongst the best or worst performers 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) | 54.84 | NEUTRAL | The RSI value for PGNY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests PGNY has a positive trend. |
| Stochastics (14,3) | 35.42 | NEUTRAL | The Stochastics value for PGNY is a neutral value. |
| Average True Range in percent/ATR (20) | 4.71 | MEDIUM VOLATILITY | The ATR as a percentage value for PGNY suggests some volalility. |
| Average Directional Index/ADX (14) | 35.17 | POSITIVE | The high ADX value value for PGNY 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)
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 | 22.17 | 1.44 (6.10%) | 16.40% |
| An entry @23.61. This is a Buy Stop order right above the resistance zone. | An exit @22.17. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.44 points, which is 6.10%. | For a 1.00% total portfolio risk, you can invest 16.40% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of PGNY. Please evaluate whether better entry and exit points can be found.
- 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.
23.53
+0.4 (+1.73%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg1.73%
1 Week0.56%
2 Weeks2.98%
1 Month1.82%
3 Month14.67%
6 Month1.42%
12 Month7.94%
2 Year-36.98%
3 Year-41.48%
5 Year-17.58%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.24
ATR(20)%4.71%
ATR Inc-25.13%
Range Today0.9
ADR(20)1.09
ADR(20)%4.64%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS66.65
Mansfield0.61
10 Day High24.23
10 Day Low21.26
20 Day High26.38
20 Day Low21.26
52 Week High26.76
52 Week Low13.39
CS1 End22.98
CR1 Start23.54
Volume & EV
DER(3)0.84%
DER(5)0.4%
Volume778.50K
Volume Incr-17.1%
Vol(5)925.54K
Vol(50)1.12M