PATRIOT NATIONAL BANCORP INC (PNBK) Technical Analysis
NASDAQ:PNBK • US70336F2039
Current stock price
PNBK Technical Rating and Analysis
We assign a technical rating of 1 out of 10 to PNBK. PNBK scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- 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.
- 92% of all other stocks performed better in the past year than PNBK.
- PNBK is one of the lesser performing stocks in the Banks industry. 94% of 377 stocks in the same industry do better.
- PNBK is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month PNBK has a been trading in the 1.17 - 1.50 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
PNBK Weekly and Daily overview Charts
PNBK Setup Rating and Analysis
PNBK has a bad technical rating, but it does show 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 1.34. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.30, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for PNBK in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
PNBK Support and Resistance Analysis
1.20
3 important support areas can be observed.
- A support zone ranging from 1.27 to 1.30. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.23 to 1.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.21 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 1.34 to 1.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.42 from a horizontal line in the weekly time frame.
- Resistance @1.45 from a horizontal line in the daily time frame.
PNBK 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 PNBK is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PNBK is neutral. |
| ChartMill Relative Strength | 8.1 | NEGATIVE | PNBK has a low relative strength, it was outperformed by 91.9% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PNBK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PNBK is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of PNBK is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.78 | NEUTRAL | The RSI value for PNBK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests PNBK has a positive trend. |
| Stochastics (14,3) | 52.13 | NEUTRAL | The Stochastics value for PNBK is a neutral value. |
| Average True Range in percent/ATR (20) | 5.97 | HIGH VOLATILITY | The high ATR as a percentage value for PNBK suggests high volalility. |
| Average Directional Index/ADX (14) | 14.26 | NEGATIVE | The low ADX value for PNBK suggests a weak or negative trend. |
PNBK Chart- and CandleStick Pattern Analysis
PNBK Technicals: Chart, Performance Metrics, Trend & Indicators
1.34
+0.01 (+0.75%)
PATRIOT NATIONAL BANCORP INC / PNBK TA FAQ
What is the ChartMill technical rating of PATRIOT NATIONAL BANCORP INC (PNBK) stock?
ChartMill assigns a technical rating of 1 / 10 to PNBK.
Can you provide the trend direction for PATRIOT NATIONAL BANCORP INC?
The current trend direction for PATRIOT NATIONAL BANCORP INC (PNBK) is Bearish.
Can you provide the RSI signal for PATRIOT NATIONAL BANCORP INC?
PATRIOT NATIONAL BANCORP INC (PNBK) has an RSI value of 50.7821. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for PATRIOT NATIONAL BANCORP INC?
PATRIOT NATIONAL BANCORP INC (PNBK) has a support level at 1.3 and a resistance level at 1.34. Check the full technical report for our detailed analysis of PNBK support and resistance levels.