PARK NATIONAL CORP. - Daily - Technical analysis published on 03/07/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 124.00 USD
My targets
136.63 USD (+3.51%)
147.20 USD (+11.52%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on PARK NATIONAL CORP. as long as the price remains well above 124.00 USD. The buyers' bullish objective is set at 136.63 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 147.20 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
8.2
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The PARK NATIONAL CORP. rating is 132.00 USD. The price registered a decrease of -0.42% on the session and was traded between 132.00 USD and 133.99 USD over the period. The price is currently at 0% from its lowest and -1.49% from its highest.132.00
133.99
132.00
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
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of PARK NATIONAL CORP. indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 14 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near resistance of channel
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
Price
S3 | S2 | S1 | Price | R1 | R2 | |
---|---|---|---|---|---|---|
ProTrendLines | 110.11 | 117.93 | 124.00 | 132.00 | 136.63 | 147.20 |
Change (%) | -16.58% | -10.66% | -6.06% | - | +3.51% | +11.52% |
Change | -21.89 | -14.07 | -8.00 | - | +4.63 | +15.20 |
Level | Major | Intermediate | 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 | 124.89 | 127.22 | 129.89 | 132.22 | 134.89 | 137.22 | 139.89 |
Camarilla | 131.19 | 131.64 | 132.10 | 132.56 | 133.02 | 133.48 | 133.94 |
Woodie | 125.06 | 127.31 | 130.06 | 132.31 | 135.06 | 137.31 | 140.06 |
Fibonacci | 127.22 | 129.13 | 130.31 | 132.22 | 134.13 | 135.31 | 137.22 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 121.84 | 123.59 | 126.21 | 127.96 | 130.58 | 132.33 | 134.95 |
Camarilla | 127.62 | 128.02 | 128.42 | 128.82 | 129.22 | 129.62 | 130.02 |
Woodie | 122.27 | 123.81 | 126.64 | 128.18 | 131.01 | 132.55 | 135.38 |
Fibonacci | 123.59 | 125.26 | 126.29 | 127.96 | 129.63 | 130.66 | 132.33 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 112.05 | 117.49 | 123.00 | 128.44 | 133.95 | 139.39 | 144.90 |
Camarilla | 125.50 | 126.50 | 127.51 | 128.51 | 129.51 | 130.52 | 131.52 |
Woodie | 112.09 | 117.51 | 123.04 | 128.46 | 133.99 | 139.41 | 144.94 |
Fibonacci | 117.49 | 121.67 | 124.26 | 128.44 | 132.62 | 135.21 | 139.39 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
RSI (14): | 57.78 | |
MACD (12,26,9): | 0.7500 | |
Directional Movement: | 6.05 | |
AROON (14): | 21.43 | |
DEMA (21): | 130.41 | |
Parabolic SAR (0,02-0,02-0,2): | 124.16 | |
Elder Ray (13): | 3.03 | |
Super Trend (3,10): | 136.59 | |
Zig ZAG (10): | 132.44 | |
VORTEX (21): | 1.0700 | |
Stochastique (14,3,5): | 80.94 | |
TEMA (21): | 130.50 | |
Williams %R (14): | -22.93 | |
Chande Momentum Oscillator (20): | 3.34 | |
Repulse (5,40,3): | 1.2900 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0200 | |
Courbe Coppock: | 2.97 |
MA7: | 130.25 | |
MA20: | 129.09 | |
MA50: | 129.26 | |
MA100: | 119.95 | |
MAexp7: | 130.83 | |
MAexp20: | 129.51 | |
MAexp50: | 127.28 | |
MAexp100: | 121.87 | |
Price / MA7: | +1.34% | |
Price / MA20: | +2.25% | |
Price / MA50: | +2.12% | |
Price / MA100: | +10.05% | |
Price / MAexp7: | +0.89% | |
Price / MAexp20: | +1.92% | |
Price / MAexp50: | +3.71% | |
Price / MAexp100: | +8.31% |
Quotes :
-
15 min delayed data
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NYSE MKT Stocks
News
The latest news and videos published on PARK NATIONAL CORP. at the time of the analysis were as follows:
- Park National Set to Join S&P SmallCap 600
- Park National
- Park National Corporation reports financial results for fourth quarter and full year 2016
- Park National
- Park National Corporation Reports Financial Results for Third Quarter and First Nine Months of 2016
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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