PINNACLE FINANCIAL PARTNERS (PNFP)       81.91  -0.1 (-0.12%)

81.91  -0.1 (-0.12%)

US72346Q1040 - Common Stock - After market: 81.91 0 (0%)

Technical Rating

3

We assign a technical rating of 3 out of 10 to PNFP. Recently some decent action could be observed, but in the medium term time frame this is still negative. PNFP was also a bad performer in the overall market in the last year.



The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month PNFP has a been trading in the 68.00 - 82.54 range, which is quite wide. It is currently trading near the high of this range.
PNFP is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
When comparing the yearly performance of all stocks, PNFP is a bad performer in the overall market: 78% of all stocks are doing better.
PNFP is part of the Banks industry. There are 334 other stocks in this industry, of which 79% are performing better than PNFP.

Statistics

1 Month 3 Months 6 Months 12 Months 14.53% -0.97% 1.35% -16.73% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 22.81 67.86 - 103.135
PNFP Weekly chart
PNFP Daily chart

Support/Resistance Analysis


67.87

88.69
When analyzing the support we can see 2 important areas.
  • A support zone ranging from 70.74 to 70.92. This zone is formed by a combination of multiple trend lines in the weekly time frame.
  • Support @68.56 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
  • A resistance zone ranging from 85.42 to 85.76. This zone is formed by a combination of multiple trend lines in the weekly time frame.
  • A resistance zone ranging from 87.66 to 87.81. This zone is formed by a combination of multiple trend lines in the daily time frame.

Setup Analysis

Setup Rating

2

The technical rating of PNFP 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.


PNFP Daily chart

PINNACLE FINANCIAL PARTNERS81.91

NASDAQ:PNFP (2/3/2023, 7:02:21 PM)-0.1 (-0.12%)

After market: 81.91 0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Financials
GICS Industry Banks

Performance
Today -0.12% 1 Week 7.04%
2 Weeks 12.93% 1 Month 14.53%
3 Month -0.97% 6 Month 1.35%

Volatility
ATR(14) 2.65 ATR(20)% 3.04%
ATR Inc 70.9% Range Today 4.34

Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)

Relative Strength & Ranges
CRS 22.81 Mansfield -0.19
10 Day High 82.54 10 Day Low 72.73
20 Day High 82.54 20 Day Low 68
52 Week High 103.14 52 Week Low 67.86
CS1 End 70.92 CR1 Start 85.42

Volume & EV
DER(3) -0.36% DER(5) 1.36%
Volume 530.90K Volume Incr 4.85%
Vol(5) 625.30K Vol(50) 486.62K

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