We assign a technical rating of 8 out of 10 to PNBK. In the last year, PNBK was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
Considerably lower volume is observed in the last couple of days, which is not what you would like to see during a strong up movement.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
PNBK is one of the better performing stocks in the Banks industry, it outperforms 99% of 398 stocks in the same industry.
PNBK is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so PNBK slightly outperforms the market at the moment.
In the last month PNBK has a been trading in the 1.11 - 4.33 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, PNBK did better than 97% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.