PENNANT GROUP INC/THE (PNTG) Stock Technical Analysis
NASDAQ:PNTG - Nasdaq - US70805E1091 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to PNTG. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, PNTG is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
PNTG is part of the Health Care Providers & Services industry. There are 103 other stocks in this industry. PNTG outperforms 83% of them.
In the last month PNTG has a been trading in the 25.39 - 30.27 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
When comparing the yearly performance of all stocks, we notice that PNTG is one of the better performing stocks in the market, outperforming 90% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
PNTG is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so PNTG is lagging the market slightly.
Besides having an excellent technical rating, PNTG also presents a decent setup pattern. 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 29.85. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 28.68, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
22.29
30.52
5 important support areas can be observed.
- A support zone ranging from 28.32 to 28.68. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 27.77 to 27.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 26.48 to 27.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @24.12 from a trend line in the weekly time frame.
- Support @22.52 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 29.85 to 30.22. 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 | UP | POSITIVE | The long term trend for PNTG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PNTG is up. |
| ChartMill Relative Strength | 90.07 | POSITIVE | PNTG has a high relative strength, it outperformed 90.07% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PNTG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PNTG is above the rising 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) | 57.78 | NEUTRAL | The RSI value for PNTG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests PNTG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 36.06 | NEUTRAL | The Stochastics value for PNTG is a neutral value. |
| Average True Range in percent/ATR (20) | 3.61 | MEDIUM VOLATILITY | The ATR as a percentage value for PNTG suggests some volalility. |
| Average Directional Index/ADX (14) | 19.33 | NEGATIVE | The low ADX value for PNTG suggests a weak or negative 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 30.23 | 28.31 | 1.92 (6.35%) | 15.74% |
| An entry @30.23. This is a Buy Stop order right above the resistance zone. | An exit @28.31. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.92 points, which is 6.35%. | For a 1.00% total portfolio risk, you can invest 15.74% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
28.71
+0.66 (+2.35%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg2.35%
1 Week2.32%
2 Weeks-2.38%
1 Month12.94%
3 Month26.09%
6 Month-7.92%
12 Month21.96%
2 Year139.25%
3 Year50.08%
5 Year12.63%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.94
ATR(20)%3.61%
ATR Inc-6.5%
Range Today1.09
ADR(20)1.01
ADR(20)%3.51%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.07
Mansfield-0.19
10 Day High30.28
10 Day Low27.04
20 Day High30.28
20 Day Low25.39
52 Week High37.13
52 Week Low21.18
CS1 End28.68
CR1 Start29.85
Volume & EV
DER(3)0.45%
DER(5)-1.33%
Volume207.90K
Volume Incr-29.2%
Vol(5)131.94K
Vol(50)198.53K