PENTAIR PLC (PNR) Stock Technical Analysis
NYSE:PNR • IE00BLS09M33
Overall PNR gets a technical rating of 1 out of 10. PNR has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- PNR is part of the Machinery industry. There are 130 other stocks in this industry, of which 64% are performing better than PNR.
- PNR 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 PNR is lagging the market slightly.
- PNR has an average volume of 1710580 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, PNR outperforms 49% of them, which is more or less in line with the market.
- In the last month PNR has a been trading in the 92.92 - 108.54 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 bad, PNR does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 106.09. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 98.62, a Stop Loss order could be placed below this zone.
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83.19
2 important support areas can be observed.
- A support zone ranging from 97.35 to 98.62. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @84.03 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 106.09 to 112.59. 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 | DOWN | NEGATIVE | The long term trend for PNR is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PNR is neutral. |
| ChartMill Relative Strength | 49.85 | NEUTRAL | PNR is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of PNR is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PNR is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of PNR is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.6 | NEUTRAL | The RSI value for PNR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.47 | POSITIVE | The MACD value suggests PNR has a positive trend. |
| Stochastics (14,3) | 78.26 | NEUTRAL | The Stochastics value for PNR is a neutral value. |
| Average True Range in percent/ATR (20) | 3.04 | MEDIUM VOLATILITY | The ATR as a percentage value for PNR suggests some volalility. |
| Average Directional Index/ADX (14) | 15.64 | NEGATIVE | The low ADX value for PNR suggests a weak or negative trend. |
102.93
+1.27 (+1.25%)
PENTAIR PLC / PNR FAQ
What is the technical rating for PNR stock?
ChartMill assigns a technical rating of 1 / 10 to PNR.
What is the trend direction for PNR stock?
The current trend direction for PENTAIR PLC (PNR) is Bearish.
What is the RSI signal for PENTAIR PLC (PNR) stock?
PENTAIR PLC (PNR) has an RSI value of 52.6044. This indicates that the stock is currently neutral.
What is the MACD signal for PENTAIR PLC (PNR) stock?
The MACD indicator for PENTAIR PLC (PNR) has a value of 0.467038, indicating a bearish trend.
What is the short term momentum for PNR stock?
The short term momentum for PENTAIR PLC (PNR) is neutral.