Taking everything into account, PNFP scores 7 out of 10 in our technical rating. 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.
Although PNFP has an excellent technical rating, it does not offer a high 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.
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83.54
When analyzing the support we notice one important area.
- A support zone ranging from 84.38 to 87.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 99.88 to 101.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @112.81 from a trend line in the weekly time frame.
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 | 31.01 | NEUTRAL | PNFP is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of PNFP is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 69.09 | NEUTRAL | The RSI value for PNFP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.66 | POSITIVE | The MACD value suggests PNFP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 81.08 | OVERBOUGHT | The high Stochastics value suggests PNFP may be overbought. |
| Average True Range in percent/ATR (20) | 2.23 | MEDIUM VOLATILITY | The ATR as a percentage value for PNFP suggests some volalility. |
| Average Directional Index/ADX (14) | 38.27 | POSITIVE | The high ADX value value for PNFP suggests a strong trend. |
99.78
-0.64 (-0.64%)
PINNACLE FINANCIAL PARTNERS / PNFP FAQ
Can you provide the ChartMill technical rating for PINNACLE FINANCIAL PARTNERS?
ChartMill assigns a technical rating of 7 / 10 to PNFP.
What is the trend direction for PNFP stock?
The current trend direction for PINNACLE FINANCIAL PARTNERS (PNFP) is Bullish.
What is the RSI signal for PINNACLE FINANCIAL PARTNERS (PNFP) stock?
PINNACLE FINANCIAL PARTNERS (PNFP) has an RSI value of 69.0918. This indicates that the stock is currently neutral.
What is the short term momentum for PNFP stock?
The short term momentum for PINNACLE FINANCIAL PARTNERS (PNFP) is positive.
What is the buy/sell signal for PNFP stock?
The buy/sell signal for PINNACLE FINANCIAL PARTNERS (PNFP) is buy as both the short term and long term trends are positive.