PENNANT GROUP INC/THE (PNTG) Stock Technical Analysis
NASDAQ:PNTG - Nasdaq - US70805E1091 - Common Stock - Currency: USD
Overall PNTG gets a technical rating of 0 out of 10. PNTG scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
When comparing the yearly performance of all stocks, PNTG is a bad performer in the overall market: 76% of all stocks are doing better.
PNTG is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month PNTG has a been trading in the 25.17 - 30.21 range, which is quite wide. It is currently trading near the lows of this range.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
PNTG is an average performer in the Health Care Providers & Services industry, it outperforms 53% of 103 stocks in the same industry.
The technical rating of PNTG is bad and it also does not present a 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.
More info and screens
21.99
30.52
2 important support areas can be observed.
- Support @25.08 from a trend line in the weekly time frame.
- A support zone ranging from 22.21 to 22.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- Resistance @29.58 from a trend line in the daily time frame.
- Resistance @30.22 from a horizontal line in the daily 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 PNTG is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PNTG is down. |
| ChartMill Relative Strength | 24.95 | NEGATIVE | PNTG has a low relative strength, it was outperformed by 75.05% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PNTG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PNTG is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PNTG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 33.97 | NEUTRAL | The RSI value for PNTG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.34 | NEGATIVE | The MACD value suggests PNTG has a negative trend. |
| Stochastics (14,3) | 8.14 | OVERSOLD | The low Stochastics value suggests PNTG may be oversold. |
| Average True Range in percent/ATR (20) | 4.24 | MEDIUM VOLATILITY | The ATR as a percentage value for PNTG suggests some volalility. |
| Average Directional Index/ADX (14) | 22.11 | NEUTRAL | The ADX value for PNTG suggests a possible start of a new trend. |
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)
25.23
-0.58 (-2.25%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg-2.25%
1 Week-4.07%
2 Weeks-13.27%
1 Month-8.75%
3 Month-0.55%
6 Month-2.29%
12 Month-1.52%
2 Year119.77%
3 Year89.13%
5 Year0.68%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.16
ATR(20)%4.24%
ATR Inc-33.64%
Range Today1
ADR(20)1
ADR(20)%3.98%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS24.95
Mansfield-1.91
10 Day High30.21
10 Day Low25.17
20 Day High30.21
20 Day Low25.17
52 Week High37.13
52 Week Low21.18
CS1 End25.08
CR1 Start29.58
Volume & EV
DER(3)-0.67%
DER(5)-1.32%
Volume298.50K
Volume Incr-14.35%
Vol(5)243.20K
Vol(50)229.63K