PATRIOT NATIONAL BANCORP INC (PNBK) Stock Technical Analysis
USA - NASDAQ:PNBK - US70336F2039 - Common Stock
Taking everything into account, PNBK scores 0 out of 10 in our technical rating. PNBK's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, PNBK does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
1.09
4 important resistance areas can be observed.
- Resistance @1.23 from a horizontal line in the daily time frame.
- A resistance zone ranging from 1.37 to 1.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.49 from a horizontal line in the daily time frame.
- Resistance @1.52 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 | DOWN | NEGATIVE | The long term trend for PNBK is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PNBK is down. |
| ChartMill Relative Strength | 5.89 | NEGATIVE | PNBK has a low relative strength, it was outperformed by 94.11% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PNBK is below a declining 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) | DOWN | NEGATIVE | The current price of PNBK is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 36.72 | NEUTRAL | The RSI value for PNBK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests PNBK has a negative trend. |
| Stochastics (14,3) | 13.54 | OVERSOLD | The low Stochastics value suggests PNBK may be oversold. |
| Average True Range in percent/ATR (20) | 9.7 | HIGH VOLATILITY | The high ATR as a percentage value for PNBK suggests high volalility. |
| Average Directional Index/ADX (14) | 23.96 | NEUTRAL | The ADX value for PNBK suggests a possible start of a new trend. |
1.1
-0.07 (-5.98%)
PATRIOT NATIONAL BANCORP INC / PNBK FAQ
What is the ChartMill technical rating of PATRIOT NATIONAL BANCORP INC (PNBK) stock?
ChartMill assigns a technical rating of 0 / 10 to PNBK.
What is the current trend direction of PATRIOT NATIONAL BANCORP INC (PNBK) stock?
The current trend direction for PATRIOT NATIONAL BANCORP INC (PNBK) is Bearish.
What is the RSI signal for PATRIOT NATIONAL BANCORP INC (PNBK) stock?
PATRIOT NATIONAL BANCORP INC (PNBK) has an RSI value of 36.7237. This indicates that the stock is currently neutral.
What is the MACD signal for PATRIOT NATIONAL BANCORP INC (PNBK) stock?
The MACD indicator for PATRIOT NATIONAL BANCORP INC (PNBK) has a value of -0.0112939, indicating a bearish trend.
What is the support and resistance level for PNBK stock?
PATRIOT NATIONAL BANCORP INC (PNBK) has a resistance level at 1.23. Check the full technical report for our detailed analysis of PNBK support and resistance levels.