PARK NATIONAL CORP. - Daily - Technical analysis published on 09/17/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
6%
17%
My opinion
Bullish above 168.69 USD
My targets
187.34 USD (+6.58%)
My analysis
The bullish trend is currently very strong on PARK NATIONAL CORP.. As long as the price remains above the support at 168.69 USD, you could try to benefit from the boom. The first bullish objective is located at 187.34 USD. The bullish momentum would be boosted by a break in this resistance. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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.
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
8.4
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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. rating is 175.77 USD. The price has increased by +1.86% since the last closing and was between 172.37 USD and 177.66 USD. This implies that the price is at +1.97% from its lowest and at -1.06% from its highest.172.37
177.66
175.77
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 (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this PARK NATIONAL CORP. chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 14 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : Daily
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Daily
Aroon indicator bullish trend
Type : Bullish
Timeframe : Daily
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near resistance of channel
Type : Bearish
Timeframe : Daily
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 134.33 | 145.15 | 156.01 | 175.77 | 175.92 | 187.34 |
| Change (%) | -23.58% | -17.42% | -11.24% | - | +0.09% | +6.58% |
| Change | -41.44 | -30.62 | -19.76 | - | +0.15 | +11.57 |
| Level | Major | Major | 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 | 163.71 | 166.09 | 169.33 | 171.71 | 174.95 | 177.33 | 180.57 |
| Camarilla | 171.02 | 171.53 | 172.05 | 172.56 | 173.08 | 173.59 | 174.11 |
| Woodie | 164.13 | 166.31 | 169.75 | 171.93 | 175.37 | 177.55 | 180.99 |
| Fibonacci | 166.09 | 168.24 | 169.57 | 171.71 | 173.86 | 175.19 | 177.33 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 153.83 | 157.07 | 163.53 | 166.77 | 173.23 | 176.47 | 182.93 |
| Camarilla | 167.33 | 168.22 | 169.11 | 170.00 | 170.89 | 171.78 | 172.67 |
| Woodie | 155.45 | 157.88 | 165.15 | 167.58 | 174.85 | 177.28 | 184.55 |
| Fibonacci | 157.07 | 160.77 | 163.06 | 166.77 | 170.47 | 172.76 | 176.47 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 133.02 | 142.54 | 159.17 | 168.69 | 185.32 | 194.84 | 211.47 |
| Camarilla | 168.60 | 171.00 | 173.39 | 175.79 | 178.19 | 180.58 | 182.98 |
| Woodie | 136.57 | 144.32 | 162.72 | 170.47 | 188.87 | 196.62 | 215.02 |
| Fibonacci | 142.54 | 152.53 | 158.70 | 168.69 | 178.68 | 184.85 | 194.84 |
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): | 62.14 | |
| MACD (12,26,9): | 1.6900 | |
| Directional Movement: | 17.75 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 170.87 | |
| Parabolic SAR (0,02-0,02-0,2): | 160.30 | |
| Elder Ray (13): | 5.71 | |
| Super Trend (3,10): | 161.26 | |
| Zig ZAG (10): | 175.77 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 72.78 | |
| TEMA (21): | 169.99 | |
| Williams %R (14): | -10.89 | |
| Chande Momentum Oscillator (20): | 1.01 | |
| Repulse (5,40,3): | 3.4300 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1200 | |
| Courbe Coppock: | 1.93 |
| MA7: | 168.30 | |
| MA20: | 169.45 | |
| MA50: | 166.70 | |
| MA100: | 151.44 | |
| MAexp7: | 170.36 | |
| MAexp20: | 168.53 | |
| MAexp50: | 163.36 | |
| MAexp100: | 154.00 | |
| Price / MA7: | +4.44% | |
| Price / MA20: | +3.73% | |
| Price / MA50: | +5.44% | |
| Price / MA100: | +16.07% | |
| Price / MAexp7: | +3.18% | |
| Price / MAexp20: | +4.30% | |
| Price / MAexp50: | +7.60% | |
| Price / MAexp100: | +14.14% |
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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