Overall PNBK gets a technical rating of 7 out of 10. PNBK has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
PNBK has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. 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.
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1.13
When analyzing the support we can see 3 important areas.
- A support zone ranging from 1.66 to 1.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 1.52 to 1.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 1.14 to 1.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 1.92 to 1.92. 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 | UP | POSITIVE | The long term trend for PNBK is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PNBK is up. |
| ChartMill Relative Strength | 65.35 | NEUTRAL | PNBK is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of PNBK is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PNBK is above the rising 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) | 52.81 | 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) | 51.77 | NEUTRAL | The Stochastics value for PNBK is a neutral value. |
| Average True Range in percent/ATR (20) | 8.79 | HIGH VOLATILITY | The high ATR as a percentage value for PNBK suggests high volalility. |
| Average Directional Index/ADX (14) | 39.7 | POSITIVE | The high ADX value value for PNBK suggests a strong trend. |
1.67
-0.15 (-8.24%)
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 7 / 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 Bullish.
What is the RSI signal for PNBK stock?
PATRIOT NATIONAL BANCORP INC (PNBK) has an RSI value of 52.8095. This indicates that the stock is currently neutral.
Can you provide the MACD signal for PATRIOT NATIONAL BANCORP INC?
The MACD indicator for PATRIOT NATIONAL BANCORP INC (PNBK) has a value of -0.0135504, indicating a bearish trend.
What are the support and resistance levels for PATRIOT NATIONAL BANCORP INC (PNBK) stock?
PATRIOT NATIONAL BANCORP INC (PNBK) has a support level at 1.66 and a resistance level at 1.92. Check the full technical report for our detailed analysis of PNBK support and resistance levels.