PINNACLE FINANCIAL PARTNERS (PNFP) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:PNFP - US72346Q1040 - Common Stock
Overall PNFP gets a technical rating of 4 out of 10. In the last year, PNFP was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
- 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. 86% of 383 stocks in the same industry do better.
- PNFP has an average volume of 1296730 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- 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.
- In the last month PNFP has a been trading in the 92.16 - 102.11 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, PNFP does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 98.62. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 98.10, a Stop Loss order could be placed below this zone.
More info and screens
83.54
When analyzing the support we can see 2 important areas.
- A support zone ranging from 94.58 to 98.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 98.62 to 101.53. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @111.77 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 | NEUTRAL | NEUTRAL | The long term trend for PNFP is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PNFP is neutral. |
| ChartMill Relative Strength | 29.33 | NEGATIVE | PNFP has a low relative strength, it was outperformed by 70.67% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of PNFP is above a declining 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) | 55.16 | NEUTRAL | The RSI value for PNFP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.29 | NEGATIVE | The MACD value suggests PNFP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 56.17 | NEUTRAL | The Stochastics value for PNFP is a neutral value. |
| Average True Range in percent/ATR (20) | 2.81 | MEDIUM VOLATILITY | The ATR as a percentage value for PNFP suggests some volalility. |
| Average Directional Index/ADX (14) | 26.28 | POSITIVE | The high ADX value value for PNFP suggests a strong trend. |
98.44
+0.79 (+0.81%)
PINNACLE FINANCIAL PARTNERS / PNFP FAQ
Can you provide the ChartMill technical rating for PINNACLE FINANCIAL PARTNERS?
ChartMill assigns a technical rating of 4 / 10 to PNFP.
Can you provide the trend direction for PINNACLE FINANCIAL PARTNERS?
The current trend direction for PINNACLE FINANCIAL PARTNERS (PNFP) is Bearish.
What is the RSI signal for PINNACLE FINANCIAL PARTNERS (PNFP) stock?
PINNACLE FINANCIAL PARTNERS (PNFP) has an RSI value of 55.1601. This indicates that the stock is currently neutral.
Can you provide the short term momentum for PINNACLE FINANCIAL PARTNERS?
The short term momentum for PINNACLE FINANCIAL PARTNERS (PNFP) is neutral.