PENNANT GROUP INC/THE (PNTG) Stock Technical Analysis
USA - NASDAQ:PNTG - US70805E1091 - Common Stock
We assign a technical rating of 0 out of 10 to PNTG. 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.
Although the technical rating is bad, PNTG does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 25.70. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 24.94, a Stop Loss order could be placed below this zone.
More info and screens
21.85
We found 3 important support areas.
- A support zone ranging from 24.64 to 24.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 23.96 to 24.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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.
We can see 2 important resistance areas.
- A resistance zone ranging from 25.70 to 25.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @27.01 from a trend line in the weekly 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 | DOWN | NEGATIVE | The long term trend for PNTG is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PNTG is neutral. |
| ChartMill Relative Strength | 16.97 | NEGATIVE | PNTG has a low relative strength, it was outperformed by 83.03% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of PNTG is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of PNTG is above 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) | 52.54 | 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. |
| Stochastics (14,3) | 53.22 | NEUTRAL | The Stochastics value for PNTG is a neutral value. |
| Average True Range in percent/ATR (20) | 3.11 | MEDIUM VOLATILITY | The ATR as a percentage value for PNTG suggests some volalility. |
| Average Directional Index/ADX (14) | 16.67 | NEGATIVE | The low ADX value for PNTG suggests a weak or negative trend. |
25.05
+0.32 (+1.29%)
PENNANT GROUP INC/THE / PNTG FAQ
Can you provide the ChartMill technical rating for PENNANT GROUP INC/THE?
ChartMill assigns a technical rating of 0 / 10 to PNTG.
Can you provide the trend direction for PENNANT GROUP INC/THE?
The current trend direction for PENNANT GROUP INC/THE (PNTG) is Bearish.
What is the RSI signal for PNTG stock?
PENNANT GROUP INC/THE (PNTG) has an RSI value of 52.5396. This indicates that the stock is currently neutral.
What is the short term momentum for PENNANT GROUP INC/THE (PNTG) stock?
The short term momentum for PENNANT GROUP INC/THE (PNTG) is neutral.
What is the support and resistance level for PNTG stock?
PENNANT GROUP INC/THE (PNTG) has a support level at 24.94 and a resistance level at 25.7. Check the full technical report for our detailed analysis of PNTG support and resistance levels.