PENNYMAC FIN. - Daily - Technical analysis published on 01/24/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
39%
17%
44%
My opinion
Bullish above 33.05 USD
My targets
34.45 USD (+1.62%)
My analysis
PENNYMAC FIN. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 33.05 USD. The next resistance located at 34.45 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
6.8
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The PENNYMAC FIN. rating is 33.90 USD. The price has increased by +0.03% since the last closing with the lowest point at 33.61 USD and the highest point at 34.06 USD. The deviation from the price is +0.86% for the low point and -0.47% for the high point.33.61
34.06
33.90
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of PENNYMAC FIN. indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with Moving Average 20
Type : Bullish
Timeframe : Daily
An assessment of technical indicators shows a slightly bullish signal.
Other results related to technical indicators were also found by the Central Indicators scanner:
Ichimoku - Bullish crossover : Tenkan & Kijun
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 24.85 | 29.85 | 33.05 | 33.90 | 34.45 |
| Change (%) | -26.70% | -11.95% | -2.51% | - | +1.62% |
| Change | -9.05 | -4.05 | -0.85 | - | +0.55 |
| Level | Minor | Major | Major | - | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 33.24 | 33.47 | 33.68 | 33.91 | 34.12 | 34.35 | 34.56 |
| Camarilla | 33.77 | 33.81 | 33.85 | 33.89 | 33.93 | 33.97 | 34.01 |
| Woodie | 33.23 | 33.47 | 33.67 | 33.91 | 34.11 | 34.35 | 34.55 |
| Fibonacci | 33.47 | 33.64 | 33.74 | 33.91 | 34.08 | 34.18 | 34.35 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 32.59 | 33.12 | 33.41 | 33.94 | 34.23 | 34.76 | 35.05 |
| Camarilla | 33.47 | 33.55 | 33.63 | 33.70 | 33.78 | 33.85 | 33.93 |
| Woodie | 32.47 | 33.06 | 33.29 | 33.88 | 34.11 | 34.70 | 34.93 |
| Fibonacci | 33.12 | 33.43 | 33.63 | 33.94 | 34.25 | 34.45 | 34.76 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 31.06 | 31.92 | 32.98 | 33.85 | 34.91 | 35.77 | 36.83 |
| Camarilla | 33.51 | 33.69 | 33.86 | 34.04 | 34.22 | 34.39 | 34.57 |
| Woodie | 31.15 | 31.97 | 33.08 | 33.90 | 35.00 | 35.82 | 36.93 |
| Fibonacci | 31.92 | 32.66 | 33.11 | 33.85 | 34.58 | 35.04 | 35.77 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 52.85 | |
| MACD (12,26,9): | 0.1200 | |
| Directional Movement: | 4.64 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 33.95 | |
| Parabolic SAR (0,02-0,02-0,2): | 33.32 | |
| Elder Ray (13): | 0.02 | |
| Super Trend (3,10): | 32.38 | |
| Zig ZAG (10): | 33.90 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 57.14 | |
| TEMA (21): | 33.82 | |
| Williams %R (14): | -38.78 | |
| Chande Momentum Oscillator (20): | -0.19 | |
| Repulse (5,40,3): | -0.4700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0500 | |
| Courbe Coppock: | 1.50 |
| MA7: | 33.89 | |
| MA20: | 33.74 | |
| MA50: | 33.50 | |
| MA100: | 32.21 | |
| MAexp7: | 33.85 | |
| MAexp20: | 33.77 | |
| MAexp50: | 33.22 | |
| MAexp100: | 31.71 | |
| Price / MA7: | +0.03% | |
| Price / MA20: | +0.47% | |
| Price / MA50: | +1.19% | |
| Price / MA100: | +5.25% | |
| Price / MAexp7: | +0.15% | |
| Price / MAexp20: | +0.38% | |
| Price / MAexp50: | +2.05% | |
| Price / MAexp100: | +6.91% |
News
The last news published on PENNYMAC FIN. at the time of the generation of this analysis was as follows:
- Investor Network: Provident Financial Holdings, Inc. to Host Earnings Call
-
PennyMac Financial Svcs
-
PennyMac Financial Svcs
This member declared not having a position on this financial instrument or a related financial instrument.
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