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PGC Stock Tickeron detected bearish Stock Pattern: Rectangle Top PGC on April 25, 2024, netting in a 14.63% gain over 1 month

A.I.dvisor
at Tickeron.com
05/29/24
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+14.63% Gain from a Successful pattern Rectangle Top
PGC - Peapack-Gladstone Financial Corp
Tickeron
Ticker: PGC
Company: Peapack-Gladstone Financial
Gain from shortening: +14.63%
Confirmed: 04/25/24
Succeeded: 05/29/24
Total length: 37 days
On April 22, 2024, A.I.dvisor detected a Rectangle Top Pattern (Bearish) for Peapack-Gladstone Financial Corp (PGC, $24.50). 3 days later, on April 25, 2024, A.I.dvisor confirmed the Bearish pattern, setting a target price of the stock. On May 29, 2024, the stock hit the target price of $21.26 – resulting in a +1 gain for traders who shorted the stock on the pattern detection date.

PGC in downward trend: price may decline as a result of having broken its higher Bollinger Band on November 06, 2024

PGC broke above its upper Bollinger Band on November 06, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options. The A.I.dvisor looked at 43 similar instances where the stock broke above the upper band. In of the 43 cases the stock fell afterwards. This puts the odds of success at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The 10-day RSI Indicator for PGC moved out of overbought territory on November 14, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 28 similar instances where the indicator moved out of overbought territory. In of the 28 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 6 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where PGC declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where PGC advanced for three days, in of 296 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 199 cases where PGC Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. PGC’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.734) is normal, around the industry mean (1.029). P/E Ratio (8.959) is within average values for comparable stocks, (18.640). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.381). Dividend Yield (0.008) settles around the average of (0.057) among similar stocks. P/S Ratio (1.941) is also within normal values, averaging (2.983).

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 63, placing this stock slightly better than average.

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PGC
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General Information

a regional bank

Industry RegionalBanks

Profile
Fundamentals
Details
Industry
Regional Banks
Address
500 Hills Drive
Phone
+1 908 234-0700
Employees
521
Web
https://www.pgbank.com