Pinnacle Entertainment, Inc. (PNK) Stock Technical Analysis
NYSE:PNK - New York Stock Exchange, Inc. - US72348Y1055
Overall PNK gets a technical rating of 3 out of 10. 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 however is currently trading near a new high, so PNK is lagging the market slightly.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
When comparing the yearly performance of all stocks, we notice that PNK is one of the better performing stocks in the market, outperforming 87% of all 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 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
26.66
35.40
We found 3 important support areas.
- 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.
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. |
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)
32.55
+0.56 (+1.75%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg1.75%
1 Week-0.15%
2 Weeks-3.38%
1 Month-2.54%
3 Month-7.11%
6 Month6.2%
12 Month32.75%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.57
ATR(20)%1.64%
ATR Inc8.9%
Range Today0.55
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.32
Mansfield0.13
10 Day High34.54
10 Day Low31.61
20 Day High34.54
20 Day Low31.61
52 Week High35.18
52 Week Low24.01
CS1 End32.54
CR1 Start32.9
Volume & EV
DER(3)0.64%
DER(5)-0.68%
Volume536.50K
Volume Incr-3.52%
Vol(5)352.14K
Vol(50)370.09K