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Downtrend Broken Resist.Archive
- 4/5/2024 -
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Pentair Ltd. (PNR) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Pentair Ltd. (PNR). During the week, the PNR dropped -1.87 points, or -2.19%, and closed at 83.57 on Friday, April 5, 2024. It was the worst weekly loss since January 5, 2024. Weekly volume was 21% above average.
PNR is a member of Industrials Sector. Industrials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See PNR long-term trend chart]
A long-term downtrend had started on August 16, 2021 at 80.40 and reached 38.56 on October 21, 2022. PNR lost 41.84 points, or 52.04%, in 61 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (65.35) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.
 Medium-term trend: [See PNR medium-term trend chart]
A medium-term uptrend had started on October 21, 2022 at 38.56 and reached 85.81 on March 28, 2024. PNR gained -47.25 points, or -122.54%, in 74 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 69.64 and resistance is at 86.05. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.
 Weekly Technical Indicators: [See PNR weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range or strongly overbought weekly Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is above its signal line since December 15, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.
 Short-term trend: [See PNR short-term trend chart]
A short-term downtrend had started on March 28, 2024 at 85.81 and reached 82.41 on April 4, 2024. PNR lost 3.40 points, or 3.96%, in 7 days. The price is now at the 34.12% retracement level.
 Daily Technical Indicators: [See PNR daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
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