PATRIOT NATIONAL BANCORP INC (PNBK) Stock Technical Analysis
NASDAQ:PNBK - Nasdaq - US70336F2039 - Common Stock - Currency: USD
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 short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, PNBK is a bad performer in the overall market: 77% of all stocks are doing better.
PNBK is one of the lesser performing stocks in the Banks industry. 94% of 395 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 0.90 - 1.55 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
The technical rating of PNBK is bad and it also does not present a quality setup 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
1.49
1.55
We found 1 important resistance area.
- A resistance zone ranging from 1.51 to 1.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 23.62 | NEGATIVE | PNBK has a low relative strength, it was outperformed by 76.38% 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) | DOWN | NEGATIVE | The current price of PNBK is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 43.35 | NEUTRAL | The RSI value for PNBK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests PNBK has a positive trend. |
| Stochastics (14,3) | 86.67 | OVERBOUGHT | The high Stochastics value suggests PNBK may be overbought. |
| Average True Range in percent/ATR (20) | 9.84 | HIGH VOLATILITY | The high ATR as a percentage value for PNBK suggests high volalility. |
| Average Directional Index/ADX (14) | 33.5 | POSITIVE | The high ADX value value for PNBK 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)
1.5
-0.02 (-1.32%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-1.32%
1 Week23.97%
2 Weeks50%
1 Month4.9%
3 Month9.49%
6 Month-21.05%
12 Month-14.29%
2 Year-84.03%
3 Year-86.98%
5 Year-75%
10 Year-91.07%
15 Year-91.43%
Volatility
ATR(14)0.14
ATR(20)%9.84%
ATR Inc5.03%
Range Today0.09
ADR(20)0.14
ADR(20)%9.64%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS23.62
Mansfield-2.9
10 Day High1.55
10 Day Low0.9
20 Day High1.55
20 Day Low0.9
52 Week High7.47
52 Week Low0.9
CS1 EndN/A
CR1 Start1.38
Volume & EV
DER(3)-0.76%
DER(5)5.83%
Volume631.20K
Volume Incr64.32%
Vol(5)2.34M
Vol(50)938.47K