PERELLA WEINBERG PARTNERS (PWP) Stock Technical Analysis
NASDAQ:PWP - Nasdaq - US71367G1022 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to PWP. Although PWP is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
PWP has an average volume of 1172330 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, PWP did better than 76% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
PWP is an average performer in the Capital Markets industry, it outperforms 69% of 237 stocks in the same industry.
PWP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PWP is lagging the market.
In the last month PWP has a been trading in the 18.66 - 22.95 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
PWP has an excellent technical rating and also presents a decent setup pattern. 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. We notice that large players showed an interest for PWP in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
15.90
23.06
When analyzing the support we can see 5 important areas.
- Support @21.04 from a trend line in the daily time frame.
- A support zone ranging from 19.75 to 20.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @19.12 from a horizontal line in the daily time frame.
- Support @16.92 from a trend line in the weekly time frame.
- Support @16.06 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 22.01 to 22.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 22.70 to 22.83. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for PWP is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PWP is neutral. |
| ChartMill Relative Strength | 76.45 | POSITIVE | PWP has a high relative strength, it outperformed 76.45% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of PWP is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PWP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PWP is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.72 | NEUTRAL | The RSI value for PWP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests PWP has a negative trend. |
| Stochastics (14,3) | 63.48 | NEUTRAL | The Stochastics value for PWP is a neutral value. |
| Average True Range in percent/ATR (20) | 4.28 | MEDIUM VOLATILITY | The ATR as a percentage value for PWP suggests some volalility. |
| Average Directional Index/ADX (14) | 14.21 | NEGATIVE | The low ADX value for PWP suggests a weak or negative 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 |
|---|---|---|---|
| 22.19 | 21.03 | 1.16 (5.23%) | 19.13% |
| An entry @22.19. This is a Buy Stop order right above the resistance zone. | An exit @21.03. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.16 points, which is 5.23%. | For a 1.00% total portfolio risk, you can invest 19.13% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of PWP. Please evaluate whether better entry and exit points can be found.
- 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.
21.28
-0.04 (-0.19%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg-0.19%
1 Week-6.79%
2 Weeks-4.23%
1 Month1.29%
3 Month21.39%
6 Month-9.41%
12 Month6.35%
2 Year102.09%
3 Year195.97%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.94
ATR(20)%4.28%
ATR Inc-33.57%
Range Today0.72
ADR(20)0.89
ADR(20)%4.18%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.45
Mansfield-0.62
10 Day High22.95
10 Day Low20.79
20 Day High22.95
20 Day Low18.66
52 Week High27.03
52 Week Low14.12
CS1 End21.04
CR1 Start22.01
Volume & EV
DER(3)9.75%
DER(5)6.13%
Volume997.90K
Volume Incr-31.57%
Vol(5)892.30K
Vol(50)1.17M