PARK NATIONAL CORP. - 1H - Technical analysis published on 04/18/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
39%
33%
My opinion
Bearish under 127.36 USD
My targets
124.00 USD (-0.54%)
117.93 USD (-5.41%)
My analysis
The bearish trend is currently very strong for PARK NATIONAL CORP.. As long as the price remains below the resistance at 127.36 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 124.00 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 117.93 USD as an objective. Crossing it would then enable sellers to target 110.11 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, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
6.4
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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. price is 124.67 USD. On the day, this instrument lost -0.06% and was traded between 123.31 USD and 125.50 USD over the period. The price is currently at +1.10% from its lowest and -0.66% from its highest.123.31
125.50
124.67
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by PARK NATIONAL CORP.:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
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. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish trend reversal : Moving Average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
The Central Indicators scanner found this result concerning these indicators:
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Bearish harami
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 110.11 | 117.93 | 124.00 | 124.67 | 127.36 | 129.86 | 133.40 |
| Change (%) | -11.68% | -5.41% | -0.54% | - | +2.16% | +4.16% | +7.00% |
| Change | -14.56 | -6.74 | -0.67 | - | +2.69 | +5.19 | +8.73 |
| Level | Major | Major | Major | - | Minor | Intermediate | Intermediate |
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 | 121.02 | 122.55 | 123.65 | 125.18 | 126.28 | 127.81 | 128.91 |
| Camarilla | 124.03 | 124.27 | 124.51 | 124.75 | 124.99 | 125.23 | 125.47 |
| Woodie | 120.81 | 122.44 | 123.44 | 125.07 | 126.07 | 127.70 | 128.70 |
| Fibonacci | 122.55 | 123.56 | 124.18 | 125.18 | 126.19 | 126.81 | 127.81 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 110.78 | 116.93 | 121.08 | 127.23 | 131.38 | 137.53 | 141.68 |
| Camarilla | 122.40 | 123.34 | 124.29 | 125.23 | 126.17 | 127.12 | 128.06 |
| Woodie | 109.78 | 116.43 | 120.08 | 126.73 | 130.38 | 137.03 | 140.68 |
| Fibonacci | 116.93 | 120.87 | 123.30 | 127.23 | 131.17 | 133.60 | 137.53 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 117.47 | 121.41 | 128.63 | 132.57 | 139.79 | 143.73 | 150.95 |
| Camarilla | 132.78 | 133.80 | 134.83 | 135.85 | 136.87 | 137.90 | 138.92 |
| Woodie | 119.11 | 122.23 | 130.27 | 133.39 | 141.43 | 144.55 | 152.59 |
| Fibonacci | 121.41 | 125.67 | 128.31 | 132.57 | 136.83 | 139.47 | 143.73 |
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): | 47.52 | |
| MACD (12,26,9): | -0.2400 | |
| Directional Movement: | -2.23 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 124.57 | |
| Parabolic SAR (0,02-0,02-0,2): | 125.59 | |
| Elder Ray (13): | -0.16 | |
| Super Trend (3,10): | 123.21 | |
| Zig ZAG (10): | 124.67 | |
| VORTEX (21): | 0.8100 | |
| Stochastique (14,3,5): | 39.30 | |
| TEMA (21): | 124.88 | |
| Williams %R (14): | -60.06 | |
| Chande Momentum Oscillator (20): | -2.05 | |
| Repulse (5,40,3): | 0.1300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0300 | |
| Courbe Coppock: | 0.50 |
| MA7: | 124.95 | |
| MA20: | 129.23 | |
| MA50: | 129.25 | |
| MA100: | 127.83 | |
| MAexp7: | 124.79 | |
| MAexp20: | 124.94 | |
| MAexp50: | 125.91 | |
| MAexp100: | 127.32 | |
| Price / MA7: | -0.22% | |
| Price / MA20: | -3.53% | |
| Price / MA50: | -3.54% | |
| Price / MA100: | -2.47% | |
| Price / MAexp7: | -0.10% | |
| Price / MAexp20: | -0.22% | |
| Price / MAexp50: | -0.98% | |
| Price / MAexp100: | -2.08% |
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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