We assign a technical rating of 9 out of 10 to PI. Both in the recent history as in the last year, PI has proven to be a steady performer, scoring decent points in every aspect analyzed.
Although PI has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
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141.08
3 important support areas can be observed.
- A support zone ranging from 183.41 to 185.14. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @153.99 from a trend line in the daily time frame.
- Support @142.50 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @209.17 from a horizontal line in the daily time frame.
- A resistance zone ranging from 235.65 to 235.84. This zone is formed by a combination of multiple trend lines in the weekly 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 PI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PI is up. |
| ChartMill Relative Strength | 85.73 | POSITIVE | PI has a high relative strength, it outperformed 85.73% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of PI is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 72.2 | OVERBOUGHT | The high RSI value suggests PI may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 4.43 | POSITIVE | The MACD value suggests PI has a positive trend. |
| Stochastics (14,3) | 90.65 | OVERBOUGHT | The high Stochastics value suggests PI may be overbought. |
| Average True Range in percent/ATR (20) | 4.64 | MEDIUM VOLATILITY | The ATR as a percentage value for PI suggests some volalility. |
| Average Directional Index/ADX (14) | 25.98 | POSITIVE | The high ADX value value for PI suggests a strong trend. |
209.16
+0.69 (+0.33%)
IMPINJ INC / PI FAQ
What is the technical rating for PI stock?
ChartMill assigns a technical rating of 9 / 10 to PI.
Can you provide the trend direction for IMPINJ INC?
The current trend direction for IMPINJ INC (PI) is Bullish.
Can you provide the RSI signal for IMPINJ INC?
IMPINJ INC (PI) has an RSI value of 72.1996. This indicates that the stock is currently overbought.
What is the short term momentum for IMPINJ INC (PI) stock?
The short term momentum for IMPINJ INC (PI) is positive.
What are the support and resistance levels for IMPINJ INC (PI) stock?
IMPINJ INC (PI) has a support level at 185.14 and a resistance level at 209.17. Check the full technical report for our detailed analysis of PI support and resistance levels.