PNTG Technical Analysis - PENNANT GROUP INC/THE

Technical Rating and Analysis

Taking everything into account, PNTG scores 1 out of 10 in our technical rating. 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: 91% of all stocks are doing better.

PNTG is part of the Health Care Providers & Services industry. There are 101 other stocks in this industry, of which 74% are performing better than PNTG.

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.

The long and short term trends are both neutral. This gives a pretty neutral overall picture!

In the last month PNTG has a been trading in the 23.65 - 26.11 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

PENNANT GROUP INC/THE / PNTG Weekly stock chart

PENNANT GROUP INC/THE / PNTG Daily stock chart

Setup Rating and Analysis

Although the technical rating is bad, PNTG does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 22.52, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

21.85

28.32

We found 1 important support area.

A support zone ranging from 22.07 to 22.52. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 3 important areas.

A resistance zone ranging from 24.25 to 25.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @26.80 from a horizontal line in the daily time frame.
Resistance @28.04 from a trend line in the weekly time frame.

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Technical Indicator Signal Analysis

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	NEUTRAL	NEUTRAL	The short term trend for PNTG is neutral.
ChartMill Relative Strength	9.01	NEGATIVE	PNTG has a low relative strength, it was outperformed by 90.99% 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)	45.16	NEUTRAL	The RSI value for PNTG is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.03	NEGATIVE	The MACD value suggests PNTG has a negative trend.
Stochastics (14,3)	31.03	NEUTRAL	The Stochastics value for PNTG is a neutral value.
Average True Range in percent/ATR (20)	3.26	MEDIUM VOLATILITY	The ATR as a percentage value for PNTG suggests some volalility.
Average Directional Index/ADX (14)	13.3	NEGATIVE	The low ADX value for PNTG suggests a weak or negative trend.