We assign a technical rating of 2 out of 10 to PENG. PENG scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The technical rating of PENG is bad and it also does not present a quality setup 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.
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17.46
When analyzing the support we notice one important area.
- A support zone ranging from 17.64 to 17.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 21.46 to 21.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @22.41 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 | NEUTRAL | NEUTRAL | The long term trend for PENG is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PENG is neutral. |
| ChartMill Relative Strength | 25.51 | NEGATIVE | PENG has a low relative strength, it was outperformed by 74.49% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PENG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PENG is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of PENG is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.72 | NEUTRAL | The RSI value for PENG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.3 | POSITIVE | The MACD value suggests PENG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.29 | OVERBOUGHT | The high Stochastics value suggests PENG may be overbought. |
| Average True Range in percent/ATR (20) | 3.91 | MEDIUM VOLATILITY | The ATR as a percentage value for PENG suggests some volalility. |
| Average Directional Index/ADX (14) | 22.36 | NEUTRAL | The ADX value for PENG suggests a possible start of a new trend. |
20.84
-0.99 (-4.54%)
PENGUIN SOLUTIONS INC / PENG FAQ
Can you provide the ChartMill technical rating for PENGUIN SOLUTIONS INC?
ChartMill assigns a technical rating of 2 / 10 to PENG.
What is the current trend direction of PENGUIN SOLUTIONS INC (PENG) stock?
The current trend direction for PENGUIN SOLUTIONS INC (PENG) is Bearish.
Can you provide the RSI signal for PENGUIN SOLUTIONS INC?
PENGUIN SOLUTIONS INC (PENG) has an RSI value of 48.7235. This indicates that the stock is currently neutral.
What is the MACD signal for PENG stock?
The MACD indicator for PENGUIN SOLUTIONS INC (PENG) has a value of 0.301943, indicating a bearish trend.