PENUMBRA INC (PEN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:PEN - US70975L1070 - Common Stock
Overall PEN gets a technical rating of 10 out of 10. Both in the recent history as in the last year, PEN has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, PEN also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
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226.57
We found 3 important support areas.
- A support zone ranging from 293.32 to 296.64. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 282.08 to 285.70. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 228.86 to 233.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 PEN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PEN is up. |
| ChartMill Relative Strength | 87.17 | POSITIVE | PEN has a high relative strength, it outperformed 87.17% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PEN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PEN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PEN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.95 | NEUTRAL | The RSI value for PEN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.34 | POSITIVE | The MACD value suggests PEN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 77.58 | NEUTRAL | The Stochastics value for PEN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.85 | MEDIUM VOLATILITY | The ATR as a percentage value for PEN suggests some volalility. |
| Average Directional Index/ADX (14) | 34.9 | POSITIVE | The high ADX value value for PEN suggests a strong trend. |
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 |
|---|---|---|---|
| 315.75 | 293.31 | 22.44 (7.11%) | 14.07% |
| An entry @315.75. This is a Buy Stop order right above the 10 day high. | An exit @293.31. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 22.44 points, which is 7.11%. | When investing 14.07% 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.
309.26
+1.16 (+0.38%)
PENUMBRA INC / PEN FAQ
What is the ChartMill technical rating of PENUMBRA INC (PEN) stock?
ChartMill assigns a technical rating of 10 / 10 to PEN.
Can you provide the trend direction for PENUMBRA INC?
The current trend direction for PENUMBRA INC (PEN) is Bullish.
What is the RSI signal for PEN stock?
PENUMBRA INC (PEN) has an RSI value of 64.953. This indicates that the stock is currently neutral.
What is the short term momentum for PENUMBRA INC (PEN) stock?
The short term momentum for PENUMBRA INC (PEN) is positive.
What is the support and resistance level for PEN stock?
PENUMBRA INC (PEN) has a support level at 296.64. Check the full technical report for our detailed analysis of PEN support and resistance levels.