Ping Identity Holding Corp (PING) Stock Technical Analysis
NYSE:PING - US72341T1034 - Common Stock
28.5 USD
+0.03 (+0.11%)
28.51 USD
+0.01 (+0.04%)
Overall PING gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, PING is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
PING is one of the better performing stocks in the Software industry, it outperforms 91% of 281 stocks in the same industry.
PING 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 PING is lagging the market slightly.
PING has an average volume of 2615140 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that PING is one of the better performing stocks in the market, outperforming 95% of all stocks. However, this relatively good performance is mostly due to a recent big move.
In the last month PING has a been trading in a tight range between 28.07 and 28.52.
Volume is considerably higher in the last couple of days.
Although PING has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
27.76
29.87
We found 1 important support area.
- A support zone ranging from 28.04 to 28.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @29.57 from a horizontal line 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 PING is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PING is up. |
| ChartMill Relative Strength | 95.53 | POSITIVE | PING has a high relative strength, it outperformed 95.53% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PING is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PING is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PING is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 71.36 | OVERBOUGHT | The high RSI value suggests PING may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests PING has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 89.23 | OVERBOUGHT | The high Stochastics value suggests PING may be overbought. |
| Average True Range in percent/ATR (20) | 0.37 | LOW VOLATILITY | The low ATR as a percentage value for PING suggests low volalility. |
| Average Directional Index/ADX (14) | 46.99 | POSITIVE | The high ADX value value for PING 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 |
|---|---|---|---|
| 28.53 | 28.19 | 0.34 (1.17%) | 25.00% |
| An entry @28.53. This is a Buy Stop order right above the 10 day high. | An exit @28.19. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.34 points, which is 1.17%. | For a 0.29% total portfolio risk, you can invest 25.00% 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.
28.5
+0.03 (+0.11%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg0.11%
1 Week0.85%
2 Weeks1.06%
1 Month0.92%
3 Month47.29%
6 Month3.49%
12 Month1.86%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.1
ATR(20)%0.37%
ATR Inc-5.86%
Range Today0.02
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.53
Mansfield3.89
10 Day High28.52
10 Day Low28.2
20 Day High28.52
20 Day Low28.07
52 Week High30.4
52 Week Low15.85
CS1 End28.34
CR1 Start29.57
Volume & EV
DER(3)3.65%
DER(5)2.49%
Volume3.47M
Volume Incr40.43%
Vol(5)4.54M
Vol(50)2.62M