PARK NATIONAL CORP.

- USD (-)

- 15 min delayed data - NYSE MKT Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	PRK
ISIN:

PARK NATIONAL CORP. - 1H - Technical analysis published on 09/19/2023 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

22%

61%

17%

My opinion

Bearish under 98.31 USD

My targets

96.08 USD (-0.69%)

92.69 USD (-4.19%)

My analysis

The bearish trend is currently very strong for PARK NATIONAL CORP.. As long as the price remains below the resistance at 98.31 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 96.08 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 92.69 USD as an objective. Crossing it would then enable sellers to target 78.99 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.

Force

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The PARK NATIONAL CORP. price is 96.75 USD. On the day, this instrument lost -0.91% and was traded between 96.75 USD and 98.08 USD over the period. The price is currently at 0% from its lowest and -1.36% from its highest.

96.75

98.08

96.75

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:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of PARK NATIONAL CORP. indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : 1 hour

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:

Bearish engulfing lines

Type : Bearish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	64.20	78.99	96.08	96.75	98.31	100.54	103.62
Change (%)	-33.64%	-18.36%	-0.69%	-	+1.61%	+3.92%	+7.10%
Change	-32.55	-17.76	-0.67	-	+1.56	+3.79	+6.87
Level	Intermediate	Major	Intermediate	-	Major	Minor	Intermediate

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	92.31	94.88	96.26	98.83	100.21	102.78	104.16
Camarilla	96.55	96.92	97.28	97.64	98.00	98.36	98.73
Woodie	91.72	94.58	95.67	98.53	99.62	102.48	103.57
Fibonacci	94.88	96.39	97.32	98.83	100.34	101.27	102.78

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	92.69	95.23	98.09	100.63	103.49	106.03	108.89
Camarilla	99.48	99.97	100.47	100.96	101.46	101.95	102.45
Woodie	92.86	95.31	98.26	100.71	103.66	106.11	109.06
Fibonacci	95.23	97.29	98.56	100.63	102.69	103.96	106.03

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	87.59	94.07	97.91	104.39	108.23	114.71	118.55
Camarilla	98.92	99.87	100.81	101.76	102.71	103.65	104.60
Woodie	86.28	93.41	96.60	103.73	106.92	114.05	117.24
Fibonacci	94.07	98.01	100.44	104.39	108.33	110.76	114.71

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):	26.50
MACD (12,26,9):	-0.9200
Directional Movement:	-23.39
AROON (14):	-100.00
DEMA (21):	98.10
Parabolic SAR (0,02-0,02-0,2):	99.12
Elder Ray (13):	-1.52
Super Trend (3,10):	98.82
Zig ZAG (10):	96.75
VORTEX (21):	0.7100
Stochastique (14,3,5):	1.40
TEMA (21):	97.14
Williams %R (14):	-100.00
Chande Momentum Oscillator (20):	-4.93
Repulse (5,40,3):	-1.1400
ROCnROLL:	2
TRIX (15,9):	-0.0600
Courbe Coppock:	8.08

MA7:	99.67
MA20:	100.51
MA50:	104.54
MA100:	103.79
MAexp7:	97.67
MAexp20:	99.04
MAexp50:	99.70
MAexp100:	100.48
Price / MA7:	-2.93%
Price / MA20:	-3.74%
Price / MA50:	-7.45%
Price / MA100:	-6.78%
Price / MAexp7:	-0.94%
Price / MAexp20:	-2.31%
Price / MAexp50:	-2.96%
Price / MAexp100:	-3.71%

Quotes : - 15 min delayed data - NYSE MKT Stocks

News

The last news published on PARK NATIONAL CORP. at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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