PENNANT GROUP INC/THE (PNTG) Stock Technical Analysis
NASDAQ:PNTG - Nasdaq - US70805E1091 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to PNTG. Recently some decent action could be observed, but in the medium term time frame this is still negative. PNTG was also a bad performer in the overall market in the last year.
89% of all other stocks performed better in the past year than PNTG.
PNTG is part of the Health Care Providers & Services industry. There are 104 other stocks in this industry, of which 67% 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 term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month PNTG has a been trading in the 21.73 - 27.21 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
PNTG has a poor technical rating and the quality of the setup is also only medium 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
21.85
30.52
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 5 important areas.
- A resistance zone ranging from 25.44 to 25.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 26.00 to 26.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @26.80 from a horizontal line in the daily time frame.
- A resistance zone ranging from 28.62 to 28.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @30.22 from a horizontal line in the daily 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 | UP | POSITIVE | The short term trend for PNTG is up. |
| ChartMill Relative Strength | 11.77 | NEGATIVE | PNTG has a low relative strength, it was outperformed by 88.23% 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) | 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) | 53.11 | NEUTRAL | The RSI value for PNTG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.27 | POSITIVE | The MACD value suggests PNTG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 61.31 | NEUTRAL | The Stochastics value for PNTG is a neutral value. |
| Average True Range in percent/ATR (20) | 3.83 | MEDIUM VOLATILITY | The ATR as a percentage value for PNTG suggests some volalility. |
| Average Directional Index/ADX (14) | 31.59 | POSITIVE | The high ADX value value for PNTG suggests a strong 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)
25.16
+0.16 (+0.64%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg0.64%
1 Week-3.53%
2 Weeks13.03%
1 Month8.22%
3 Month-9.4%
6 Month0.44%
12 Month-28.03%
2 Year110.02%
3 Year60.56%
5 Year-32.07%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.06
ATR(20)%3.83%
ATR Inc-49.94%
Range Today0.61
ADR(20)0.91
ADR(20)%3.63%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS11.77
Mansfield-1.78
10 Day High27.21
10 Day Low22.9
20 Day High27.21
20 Day Low21.73
52 Week High37.13
52 Week Low21.18
CS1 End22.52
CR1 Start25.44
Volume & EV
DER(3)-1.79%
DER(5)-0.07%
Volume325.50K
Volume Incr7.89%
Vol(5)440.82K
Vol(50)350.11K