PARK NATIONAL CORP. - Daily - Technical analysis published on 03/18/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bullish
Technical indicators
22%
39%
39%
My opinion
Bullish above 117.93 USD
My targets
136.63 USD (+6.32%)
147.20 USD (+14.54%)
My analysis
The basic trend is bullish on PARK NATIONAL CORP. and in the short term, the price is attempting to correct. For the time being, this is only a simple technical correction and the basic trend is not threatened. For the correction to be confirmed, it would have to at least return to below the support 117.93 USD. Sellers would then use the next support located at 110.11 USD as an objective. Crossing it would then enable sellers to target 101.83 USD. If there is a return to above the resistance located at 136.63 USD, this would be a sign of a reversal in the basic bullish trend.
In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.
Force
0
10
0.9
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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 128.51 USD. The price registered a decrease of -0.27% on the session with the lowest point at 128.03 USD and the highest point at 129.81 USD. The deviation from the price is +0.37% for the low point and -1.00% for the high point.128.03
129.81
128.51
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by PARK NATIONAL CORP.:
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 PARK NATIONAL CORP. in Daily shows an overall bullish trend. 67.86% of the signals given by moving averages are bullish. Caution: the slightly bearish signals currently being given by short-term moving averages indicate that this bullish trend may be running out of steam. The Central Indicators scanner detects bullish and bearish signals on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : Daily
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : Daily
On the 18 technical indicators analysed, 4 are bullish, 7 are neutral and 7 are bearish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal support
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 110.11 | 117.93 | 127.35 | 128.51 | 136.63 | 147.20 |
| Change (%) | -14.32% | -8.23% | -0.90% | - | +6.32% | +14.54% |
| Change | -18.40 | -10.58 | -1.16 | - | +8.12 | +18.69 |
| Level | Major | Intermediate | Major | - | Major | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 124.14 | 125.51 | 127.18 | 128.55 | 130.22 | 131.59 | 133.26 |
| Camarilla | 128.02 | 128.30 | 128.58 | 128.86 | 129.14 | 129.42 | 129.70 |
| Woodie | 124.30 | 125.59 | 127.34 | 128.63 | 130.38 | 131.67 | 133.42 |
| Fibonacci | 125.51 | 126.67 | 127.39 | 128.55 | 129.71 | 130.43 | 131.59 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 119.14 | 122.92 | 125.89 | 129.67 | 132.64 | 136.42 | 139.39 |
| Camarilla | 127.00 | 127.62 | 128.24 | 128.86 | 129.48 | 130.10 | 130.72 |
| Woodie | 118.74 | 122.72 | 125.49 | 129.47 | 132.24 | 136.22 | 138.99 |
| Fibonacci | 122.92 | 125.50 | 127.09 | 129.67 | 132.25 | 133.84 | 136.42 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 46.86 | |
| MACD (12,26,9): | 0.2300 | |
| Directional Movement: | -4.00 | |
| AROON (14): | 35.71 | |
| DEMA (21): | 130.20 | |
| Parabolic SAR (0,02-0,02-0,2): | 134.76 | |
| Elder Ray (13): | -0.93 | |
| Super Trend (3,10): | 136.59 | |
| Zig ZAG (10): | 128.51 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 31.90 | |
| TEMA (21): | 129.79 | |
| Williams %R (14): | -67.56 | |
| Chande Momentum Oscillator (20): | 0.00 | |
| Repulse (5,40,3): | -0.9500 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0600 | |
| Courbe Coppock: | 3.00 |
| MA7: | 130.30 | |
| MA20: | 129.62 | |
| MA50: | 129.12 | |
| MA100: | 122.51 | |
| MAexp7: | 129.57 | |
| MAexp20: | 129.77 | |
| MAexp50: | 128.01 | |
| MAexp100: | 122.93 | |
| Price / MA7: | -1.37% | |
| Price / MA20: | -0.86% | |
| Price / MA50: | -0.47% | |
| Price / MA100: | +4.90% | |
| Price / MAexp7: | -0.82% | |
| Price / MAexp20: | -0.97% | |
| Price / MAexp50: | +0.39% | |
| Price / MAexp100: | +4.54% |
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:
- 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
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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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