PACIFIC PREMIER BANCORP INC (PPBI) Stock Technical Analysis
NASDAQ:PPBI - Nasdaq - US69478X1054 - Common Stock - Currency: USD
Overall PPBI gets a technical rating of 6 out of 10. In the past year, PPBI was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
PPBI is one of the lesser performing stocks in the Banks industry. 81% of 397 stocks in the same industry do better.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
PPBI is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
When comparing the performance of all stocks over the past year, PPBI turns out to be only a medium performer in the overall market: it outperformed 47% of all stocks.
PPBI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PPBI is lagging the market.
Although the technical rating is only medium, PPBI 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 22.87. Right above this resistance zone may be a good entry point.
More info and screens
19.92
29.54
4 important support areas can be observed.
- A support zone ranging from 21.50 to 21.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @21.12 from a trend line in the weekly time frame.
- A support zone ranging from 20.48 to 20.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @20.12 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 22.87 to 23.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @29.25 from a horizontal 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 | NEUTRAL | NEUTRAL | The long term trend for PPBI is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PPBI is up. |
| ChartMill Relative Strength | 47.49 | NEUTRAL | PPBI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PPBI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PPBI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PPBI is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.1 | NEUTRAL | The RSI value for PPBI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests PPBI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 78.83 | NEUTRAL | The Stochastics value for PPBI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.48 | MEDIUM VOLATILITY | The ATR as a percentage value for PPBI suggests some volalility. |
| Average Directional Index/ADX (14) | 20.82 | NEUTRAL | The ADX value for PPBI suggests a possible start of a new 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)
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 |
|---|---|---|---|
| 23.11 | 21.49 | 1.62 (7.01%) | 14.27% |
| An entry @23.11. This is a Buy Stop order right above the resistance zone. | An exit @21.49. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.62 points, which is 7.01%. | When investing 14.27% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
22.36
-0.47 (-2.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-2.06%
1 Week-3.2%
2 Weeks4.83%
1 Month4.19%
3 Month21.85%
6 Month-2.57%
12 Month-9.14%
2 Year-12.45%
3 Year-33.53%
5 Year6.43%
10 Year17.62%
15 Year414.02%
Volatility
ATR(14)0.57
ATR(20)%2.48%
ATR Inc-16.3%
Range Today0.29
ADR(20)0.51
ADR(20)%2.29%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS47.49
Mansfield-1.37
10 Day High23.3
10 Day Low20.82
20 Day High23.3
20 Day Low19.96
52 Week High30.28
52 Week Low18.06
CS1 End21.64
CR1 Start22.87
Volume & EV
DER(3)0.03%
DER(5)0.08%
Volume2.72M
Volume Incr24.94%
Vol(5)1.17M
Vol(50)908.81K