PINNACLE FINANCIAL PARTNERS (PNFP) Stock Technical Analysis
NASDAQ:PNFP - Nasdaq - US72346Q1040 - Common Stock - Currency: USD
Taking everything into account, PNFP scores 8 out of 10 in our technical rating. Although PNFP has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
Looking at the yearly performance, PNFP did better than 89% of all other stocks.
PNFP is one of the better performing stocks in the Banks industry, it outperforms 91% of 396 stocks in the same industry.
PNFP is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so PNFP is lagging the market slightly.
In the last month PNFP has a been trading in the 101.74 - 119.55 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.
Although PNFP has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
90.85
128.38
3 important support areas can be observed.
- A support zone ranging from 106.09 to 108.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 102.06 to 102.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @91.77 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 126.78 to 127.11. 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 | NEUTRAL | NEUTRAL | The long term trend for PNFP is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PNFP is up. |
| ChartMill Relative Strength | 89.42 | POSITIVE | PNFP has a high relative strength, it outperformed 89.42% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PNFP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PNFP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PNFP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 72.48 | OVERBOUGHT | The high RSI value suggests PNFP may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.26 | POSITIVE | The MACD value suggests PNFP has a positive trend. |
| Stochastics (14,3) | 94.28 | OVERBOUGHT | The high Stochastics value suggests PNFP may be overbought. |
| Average True Range in percent/ATR (20) | 2.22 | MEDIUM VOLATILITY | The ATR as a percentage value for PNFP suggests some volalility. |
| Average Directional Index/ADX (14) | 21.37 | NEUTRAL | The ADX value for PNFP suggests a possible start of a new 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)
117.83
+0.83 (+0.71%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.71%
1 Week7.87%
2 Weeks13.75%
1 Month11.37%
3 Month35.14%
6 Month2.09%
12 Month53.09%
2 Year55.24%
3 Year48.96%
5 Year197.4%
10 Year121.94%
15 Year1067.79%
Volatility
ATR(14)2.8
ATR(20)%2.22%
ATR Inc-1.71%
Range Today2.31
ADR(20)2.37
ADR(20)%2.01%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.42
Mansfield0.22
10 Day High119.55
10 Day Low103.59
20 Day High119.55
20 Day Low101.74
52 Week High131.91
52 Week Low76.75
CS1 End108
CR1 Start126.78
Volume & EV
DER(3)2.18%
DER(5)2.39%
Volume381.90K
Volume Incr55.78%
Vol(5)647.18K
Vol(50)418.32K