IMPINJ INC (PI) Technical Analysis
NASDAQ:PI • US4532041096
Current stock price
PI Technical Rating and Analysis
Overall PI gets a technical rating of 2 out of 10. PI has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- PI is part of the Semiconductors & Semiconductor Equipment industry. There are 115 other stocks in this industry, of which 77% are performing better than PI.
- PI is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month PI has a been trading in the 94.89 - 109.83 range, which is quite wide. It is currently trading near the high of this range.
- When compared to the yearly performance of all other stocks, PI outperforms 55% of them, which is more or less in line with the market.
- Considerably lower volume is observed in the last couple of days.
PI Weekly and Daily overview Charts
PI Setup Rating and Analysis
Although the technical rating is bad, PI does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 106.35. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 103.20, a Stop Loss order could be placed below this zone.
More info and screens
PI Support and Resistance Analysis
90.43
We found 3 important support areas.
- A support zone ranging from 100.01 to 103.20. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @94.34 from a trend line in the weekly time frame.
- A support zone ranging from 91.34 to 91.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 106.35 to 106.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @166.38 from a trend line in the daily time frame.
- Resistance @175.22 from a trend line in the weekly time frame.
- Resistance @235.65 from a horizontal line in the weekly time frame.
PI Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The long term trend for PI is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PI is neutral. |
| ChartMill Relative Strength | 55.81 | NEUTRAL | PI is not amongst the best or worst performers 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 | NEGATIVE | The current price of PI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.37 | NEUTRAL | The RSI value for PI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.72 | POSITIVE | The MACD value suggests PI has a positive trend. |
| Stochastics (14,3) | 62.29 | NEUTRAL | The Stochastics value for PI is a neutral value. |
| Average True Range in percent/ATR (20) | 5.23 | HIGH VOLATILITY | The high ATR as a percentage value for PI suggests high volalility. |
| Average Directional Index/ADX (14) | 14.94 | NEGATIVE | The low ADX value for PI suggests a weak or negative trend. |
PI Chart- and CandleStick Pattern Analysis
PI Technicals: Chart, Performance Metrics, Trend & Indicators
106.34
+1.63 (+1.56%)
IMPINJ INC / PI TA FAQ
What is the technical rating for PI stock?
ChartMill assigns a technical rating of 2 / 10 to PI.
Can you provide the trend direction for IMPINJ INC?
The current trend direction for IMPINJ INC (PI) is Bearish.
What is the RSI signal for PI stock?
IMPINJ INC (PI) has an RSI value of 51.3674. This indicates that the stock is currently neutral.
What is the MACD signal for PI stock?
The MACD indicator for IMPINJ INC (PI) has a value of 1.72421, indicating a bullish trend.