PINNACLE FINANCIAL PARTNERS (PNFP) Technical Analysis
NYSE:PNFP • US72348N1090
Current stock price
PNFP Technical Rating and Analysis
We assign a technical rating of 6 out of 10 to PNFP. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, PNFP is a bad performer.
- 71% of all other stocks performed better in the past year than PNFP.
- PNFP is one of the lesser performing stocks in the Banks industry. 84% of 376 stocks in the same industry do better.
- Both the short term and long term trends are positive. This is a very positive sign.
- PNFP is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- PNFP has an average volume of 1535370 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- PNFP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PNFP is lagging the market.
PNFP Weekly and Daily overview Charts
PNFP Setup Rating and Analysis
PNFP has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 99.35. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 95.84, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
PNFP Support and Resistance Analysis
82.67
We found 2 important support areas.
- A support zone ranging from 95.17 to 95.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 83.50 to 84.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- Strong resistance @99.35 from a horizontal line in the daily time frame.
- A resistance zone ranging from 101.53 to 102.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @107.87 from a trend line in the weekly time frame.
PNFP Technical Indicator Signal Analysis
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 PNFP is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PNFP is up. |
| ChartMill Relative Strength | 29.12 | NEGATIVE | PNFP has a low relative strength, it was outperformed by 70.88% 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) | DOWN | MIXED | The current price of PNFP is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of PNFP is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 61.8 | NEUTRAL | The RSI value for PNFP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.24 | POSITIVE | The MACD value suggests PNFP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.98 | OVERBOUGHT | The high Stochastics value suggests PNFP may be overbought. |
| Average True Range in percent/ATR (20) | 2.77 | MEDIUM VOLATILITY | The ATR as a percentage value for PNFP suggests some volalility. |
| Average Directional Index/ADX (14) | 28.55 | POSITIVE | The high ADX value value for PNFP suggests a strong trend. |
PNFP Chart- and CandleStick Pattern Analysis
PNFP Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 99.36 | 95.16 | 4.20 (4.23%) | 23.66% |
| An entry @99.36. This is a Buy Stop order right above the resistance zone. | An exit @95.16. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 4.20 points, which is 4.23%. | For a 1.00% total portfolio risk, you can invest 23.66% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of PNFP. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
PNFP Technicals: Chart, Performance Metrics, Trend & Indicators
98.64
-0.3 (-0.3%)
PINNACLE FINANCIAL PARTNERS / PNFP TA FAQ
Can you provide the ChartMill technical rating for PINNACLE FINANCIAL PARTNERS?
ChartMill assigns a technical rating of 6 / 10 to PNFP.
What is the current trend direction of PINNACLE FINANCIAL PARTNERS (PNFP) stock?
The current trend direction for PINNACLE FINANCIAL PARTNERS (PNFP) is Bullish.
Can you provide the RSI signal for PINNACLE FINANCIAL PARTNERS?
PINNACLE FINANCIAL PARTNERS (PNFP) has an RSI value of 61.7978. This indicates that the stock is currently neutral.
What is the MACD signal for PINNACLE FINANCIAL PARTNERS (PNFP) stock?
The MACD indicator for PINNACLE FINANCIAL PARTNERS (PNFP) has a value of 0.244426, indicating a bearish trend.
Can you provide the short term momentum for PINNACLE FINANCIAL PARTNERS?
The short term momentum for PINNACLE FINANCIAL PARTNERS (PNFP) is positive.