Pinnacle Entertainment, Inc. (PNK) Technical Analysis
NYSE:PNK • US72348Y1055
Current stock price
PNK Technical Rating and Analysis
Taking everything into account, PNK scores 3 out of 10 in our technical rating. Although PNK is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- PNK is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- PNK is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so PNK is performing more or less in line with the market.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- Looking at the yearly performance, PNK did better than 87% of all other stocks. We also observe that the gains produced by PNK over the past year are nicely spread over this period. However, this overall performance is mostly based on the strong move around 10 months ago.
PNK Weekly and Daily overview Charts
PNK Setup Rating and Analysis
PNK has a poor technical rating and the quality of the setup is also only medium 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.
More info and screens
PNK Support and Resistance Analysis
26.66
3 important support areas can be observed.
- Support @32.54 from a horizontal line in the weekly time frame.
- A support zone ranging from 31.90 to 31.96. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @26.93 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 32.90 to 33.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 34.06 to 34.41. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 35.05 to 35.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
PNK 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 | NEUTRAL | NEUTRAL | The long term trend for PNK is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PNK is down. |
| ChartMill Relative Strength | 87.32 | POSITIVE | PNK has a high relative strength, it outperformed 87.32% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PNK is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PNK is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PNK is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.23 | NEUTRAL | The RSI value for PNK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests PNK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 21.73 | NEUTRAL | The Stochastics value for PNK is a neutral value. |
| Average True Range in percent/ATR (20) | 1.64 | LOW VOLATILITY | The low ATR as a percentage value for PNK suggests low volalility. |
PNK Chart- and CandleStick Pattern Analysis
PNK Technicals: Chart, Performance Metrics, Trend & Indicators
32.55
+0.56 (+1.75%)
Pinnacle Entertainment, Inc. / PNK TA FAQ
What is the ChartMill technical rating of Pinnacle Entertainment, Inc. (PNK) stock?
ChartMill assigns a technical rating of 2 / 10 to PNK.
What is the current trend direction of Pinnacle Entertainment, Inc. (PNK) stock?
The current trend direction for Pinnacle Entertainment, Inc. (PNK) is Bearish.
Can you provide the RSI signal for Pinnacle Entertainment, Inc.?
Pinnacle Entertainment, Inc. (PNK) has an RSI value of 42.2337. This indicates that the stock is currently neutral.
Can you provide the short term momentum for Pinnacle Entertainment, Inc.?
The short term momentum for Pinnacle Entertainment, Inc. (PNK) is negative.
Can you provide the support and resistance levels for Pinnacle Entertainment, Inc.?
Pinnacle Entertainment, Inc. (PNK) has a support level at 32.54 and a resistance level at 32.9. Check the full technical report for our detailed analysis of PNK support and resistance levels.