Why the high growth investor may take a look at NASDAQ:PWP.

Our stock screener has detected a potential breakout setup on PERELLA WEINBERG PARTNERS (NASDAQ:PWP). This breakout pattern is observed when a stock consolidates following a strong upward movement. It's important to note that this pattern is based on technical analysis, and the actual breakout outcome is uncertain. However, it might be worth keeping an eye on NASDAQ:PWP.

Technical analysis of NASDAQ:PWP

ChartMill utilizes a proprietary algorithm to assign a Technical Rating to every stock. This rating, ranging from 0 to 10, is computed daily by analyzing a variety of technical indicators and properties.

Overall PWP gets a technical rating of 8 out of 10. In the last year, PWP was one of the better performers, but we do observe some doubts in the very recent evolution.

• Looking at the yearly performance, PWP did better than 94% of all other stocks. We also observe that the gains produced by PWP over the past year are nicely spread over this period.
• PWP is one of the better performing stocks in the Capital Markets industry, it outperforms 96% of 220 stocks in the same industry.
• PWP is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so PWP is performing more or less in line with the market.
• The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
• Volume is considerably higher in the last couple of days.

Our latest full technical report of PWP contains the most current technical analsysis.

How do we evaluate the setup for NASDAQ:PWP?

ChartMill incorporates a Setup Rating in its analysis, which measures the extent of consolidation in a stock over recent days and weeks. This rating, ranging from 0 to 10, is updated daily and takes into account multiple short-term technical indicators. The current setup rating for NASDAQ:PWP is 8:

PWP has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 25.67. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 23.14, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for PWP in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.

What matters for high growth investors.

• PERELLA WEINBERG PARTNERS has demonstrated consistent growth in its earnings per share (EPS) from one quarter to another (Q2Q), with a 183.0% increase. This indicates improving financial performance and the company's effective management of its operations.
• PERELLA WEINBERG PARTNERS has achieved 100.0% growth in its revenue over the previous quarter, signaling positive momentum in its financial performance and potential market opportunities.
• PERELLA WEINBERG PARTNERS has demonstrated strong 1-year revenue growth of 39.75%, reflecting revenue momentum and its ability to generate consistent top-line expansion. This growth underscores the company's strong market position and its potential for future success.
• The recent financial report of PERELLA WEINBERG PARTNERS demonstrates a 183.0% increase in quarterly earnings compared to the previous quarter. This growth indicates positive momentum in the company's financials and suggests a promising upward trend
• accelerating EPS growth for PERELLA WEINBERG PARTNERS: the current Q2Q growth of 183.0% exceeds the previous year Q2Q growth of -53.85%.
• PERELLA WEINBERG PARTNERS has shown positive growth in its free cash flow (FCF) over the past year, indicating improved cash generation and financial strength. This growth highlights the company's ability to effectively manage its cash flows and generate surplus funds.
• PERELLA WEINBERG PARTNERS has surpassed EPS estimates 3 times in the last 4 quarters, reflecting its strong financial performance and effective management. This trend suggests the company's ability to generate positive earnings surprises and drive shareholder value.
• PERELLA WEINBERG PARTNERS has achieved an impressive Relative Strength (RS) rating of 94.52, showcasing its ability to outperform the broader market. This strong performance positions PERELLA WEINBERG PARTNERS as an attractive stock for potential price appreciation.

More ideas for high growth momentum breakouts can be found on ChartMill in our High Growth Momentum Breakout screen.

Keep in mind

This article should in no way be interpreted as advice. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.