PENNANT GROUP INC/THE (PNTG) Technical Analysis
NASDAQ:PNTG • US70805E1091
We assign a technical rating of 10 out of 10 to PNTG. Both in the recent history as in the last year, PNTG has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, PNTG did better than 86% of all other stocks. We also observe that the gains produced by PNTG over the past year are nicely spread over this period.
- PNTG is part of the Health Care Providers & Services industry. There are 101 other stocks in this industry. PNTG outperforms 76% 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 28.79 - 35.00 range, which is quite wide. It is currently trading near the high of this range.
PNTG has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 34.06. Right above this resistance zone may be a good entry point.
More info and screens
22.29
We found 6 important support areas.
- Support @31.98 from a trend line in the daily time frame.
- A support zone ranging from 30.48 to 31.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 29.14 to 29.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @27.83 from a horizontal 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 34.04 to 34.45. 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 | 86.48 | POSITIVE | PNTG has a high relative strength, it outperformed 86.48% 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) | 60.61 | NEUTRAL | The RSI value for PNTG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests PNTG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 86.7 | OVERBOUGHT | The high Stochastics value suggests PNTG may be overbought. |
| Average True Range in percent/ATR (20) | 4.61 | MEDIUM VOLATILITY | The ATR as a percentage value for PNTG suggests some volalility. |
| Average Directional Index/ADX (14) | 27.11 | POSITIVE | The high ADX value value for PNTG suggests a strong trend. |
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 |
|---|---|---|---|
| 34.46 | 31.81 | 2.65 (7.69%) | 13.00% |
| An entry @34.46. This is a Buy Stop order right above the resistance zone. | An exit @31.81. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.65 points, which is 7.69%. | For a 1.00% total portfolio risk, you can invest 13.00% 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.
PNTG Technicals: Chart, Performance Metrics, Trend & Indicators
34.03
-0.02 (-0.06%)
PENNANT GROUP INC/THE / PNTG FAQ
Can you provide the ChartMill technical rating for PENNANT GROUP INC/THE?
ChartMill assigns a technical rating of 10 / 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 60.6109. 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 0.0503838, 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.