PENUMBRA INC. - Daily - Technical analysis published on 09/27/2019 (GMT)
- 277
- 0
- Who voted?
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
11%
61%
28%
My opinion
Bearish under 143.52 USD
My targets
132.05 USD (-2.24%)
125.01 USD (-7.45%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on PENUMBRA INC. as long as the price remains well below 143.52 USD. The sellers” bearish objective is set at 132.05 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 125.01 USD. In case of crossing, the next objective would be the support located at 113.63 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
FORCE
0
10
6.6
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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
PENUMBRA INC. rating 135.08 USD. The price is lower by -3.49% since the last closing with the lowest point at 134.80 USD and the highest point at 139.12 USD. The deviation from the price is +0.21% for the low point and -2.90% for the high point.134.80
139.12
135.08
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by PENUMBRA INC.:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Abnormal volumes on PENUMBRA INC. were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of PENUMBRA INC. in Daily shows a overall strongly bearish trend. 82.14% 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 market scanner currently does not detect any result that concerns moving averages.
In fact, 11 technical indicators on 18 studied are currently bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Support of channel is broken
Type : Bearish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 113.63 | 125.01 | 132.05 | 135.08 | 143.52 | 151.69 | 160.10 |
| Change (%) | -15.88% | -7.45% | -2.24% | - | +6.25% | +12.30% | +18.52% |
| Change | -21.45 | -10.07 | -3.03 | - | +8.44 | +16.61 | +25.02 |
| Level | Minor | Major | Major | - | Intermediate | Minor | Major |
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 | 134.11 | 135.61 | 137.79 | 139.29 | 141.47 | 142.97 | 145.15 |
| Camarilla | 138.95 | 139.29 | 139.62 | 139.96 | 140.30 | 140.64 | 140.97 |
| Woodie | 134.44 | 135.78 | 138.12 | 139.46 | 141.80 | 143.14 | 145.48 |
| Fibonacci | 135.61 | 137.02 | 137.89 | 139.29 | 140.70 | 141.57 | 142.97 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 135.43 | 140.75 | 144.33 | 149.65 | 153.23 | 158.55 | 162.13 |
| Camarilla | 145.45 | 146.27 | 147.08 | 147.90 | 148.72 | 149.53 | 150.35 |
| Woodie | 134.55 | 140.32 | 143.45 | 149.22 | 152.35 | 158.12 | 161.25 |
| Fibonacci | 140.75 | 144.15 | 146.25 | 149.65 | 153.05 | 155.15 | 158.55 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 96.76 | 117.39 | 131.47 | 152.10 | 166.18 | 186.81 | 200.89 |
| Camarilla | 136.01 | 139.19 | 142.37 | 145.55 | 148.73 | 151.91 | 155.10 |
| Woodie | 93.49 | 115.75 | 128.20 | 150.46 | 162.91 | 185.17 | 197.62 |
| Fibonacci | 117.39 | 130.65 | 138.84 | 152.10 | 165.36 | 173.55 | 186.81 |
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): | 35.07 | |
| MACD (12,26,9): | -2.2200 | |
| Directional Movement: | -13.40 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 141.26 | |
| Parabolic SAR (0,02-0,02-0,2): | 153.31 | |
| Elder Ray (13): | -6.38 | |
| Super Trend (3,10): | 153.50 | |
| Zig ZAG (10): | 135.08 | |
| VORTEX (21): | 0.9300 | |
| Stochastique (14,3,5): | 27.19 | |
| TEMA (21): | 142.08 | |
| Williams %R (14): | -92.99 | |
| Chande Momentum Oscillator (20): | -5.32 | |
| Repulse (5,40,3): | -5.4800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1900 | |
| Courbe Coppock: | 4.83 |
| MA7: | 143.59 | |
| MA20: | 143.63 | |
| MA50: | 152.57 | |
| MA100: | 153.25 | |
| MAexp7: | 141.76 | |
| MAexp20: | 144.38 | |
| MAexp50: | 148.81 | |
| MAexp100: | 150.18 | |
| Price / MA7: | -5.93% | |
| Price / MA20: | -5.95% | |
| Price / MA50: | -11.46% | |
| Price / MA100: | -11.86% | |
| Price / MAexp7: | -4.71% | |
| Price / MAexp20: | -6.44% | |
| Price / MAexp50: | -9.23% | |
| Price / MAexp100: | -10.05% |
News
Don"t forget to follow the news on PENUMBRA INC.. At the time of publication of this analysis, the latest news was as follows:
- Sri Kosaraju Promoted to President and CFO of Penumbra
- Penumbra, Inc. to Present at the 2019 Wells Fargo Healthcare Conference
- Penumbra, Inc. Reports Second Quarter 2019 Financial Results
- Spruce Point Capital Management Releases A Strong Sell Research Opinion On Penumbra, Inc. (NYSE: PEN)
- Penumbra, Inc. to Present at the Canaccord Genuity 39th Annual Growth Conference
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
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…
Add a comment
Comments
0 comments on the analysis PENUMBRA INC. - Daily