Taking everything into account, PNTG scores 9 out of 10 in our technical rating. 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 102 other stocks in this industry. PNTG outperforms 78% of them.
- PNTG is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- In the last month PNTG has a been trading in the 26.66 - 31.94 range, which is quite wide. It is currently trading near the high of this range.
- Looking at the yearly performance, PNTG did better than 82% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although PNTG has an excellent technical rating, it does not present a decent entry opportunity 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
22.29
We found 6 important support areas.
- A support zone ranging from 28.84 to 29.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 27.34 to 27.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @26.07 from a trend line in the weekly time frame.
- Support @25.36 from a trend line in the daily time frame.
- Support @23.96 from a horizontal line in the daily time frame.
- Support @22.52 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 31.62 to 31.62. 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 | 82.28 | POSITIVE | PNTG has a high relative strength, it outperformed 82.28% 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) | UP | POSITIVE | The current price of PNTG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.56 | NEUTRAL | The RSI value for PNTG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.28 | POSITIVE | The MACD value suggests PNTG has a positive trend. |
| Stochastics (14,3) | 85.06 | OVERBOUGHT | The high Stochastics value suggests PNTG may be overbought. |
| Average True Range in percent/ATR (20) | 4.18 | MEDIUM VOLATILITY | The ATR as a percentage value for PNTG suggests some volalility. |
| Average Directional Index/ADX (14) | 19.44 | NEGATIVE | The low ADX value for PNTG suggests a weak or negative trend. |
31.61
+0.64 (+2.07%)
PENNANT GROUP INC/THE / PNTG FAQ
Can you provide the ChartMill technical rating for PENNANT GROUP INC/THE?
ChartMill assigns a technical rating of 9 / 10 to PNTG.
What is the current trend direction of PENNANT GROUP INC/THE (PNTG) stock?
The current trend direction for PENNANT GROUP INC/THE (PNTG) is Bullish.
Can you provide the RSI signal for PENNANT GROUP INC/THE?
PENNANT GROUP INC/THE (PNTG) has an RSI value of 65.5598. This indicates that the stock is currently neutral.
Can you provide the MACD signal for PENNANT GROUP INC/THE?
The MACD indicator for PENNANT GROUP INC/THE (PNTG) has a value of 0.276105, indicating a bearish trend.
What is the short term momentum for PENNANT GROUP INC/THE (PNTG) stock?
The short term momentum for PENNANT GROUP INC/THE (PNTG) is positive.