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Uptrend Broken SupportArchive
- 12/13/2024 -
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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 gave back -0.91 points, or -0.84%, and closed at 107.20 on Friday, December 13, 2024. It was the worst weekly loss since October 4, 2024. Weekly volume was -28% below 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 uptrend had started on October 21, 2022 at 38.56 and reached 110.70 on November 27, 2024. PNR gained -72.14 points, or -187.09%, in 109 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (78.89) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 August 5, 2024 at 79.29 and reached 110.70 on November 27, 2024. PNR gained -31.41 points, or -39.61%, in 16 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (108.02) is broken. A broken support is considered to be a long-term bearish 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 support in a medium-term trend.
 Weekly Technical Indicators: [See PNR weekly technical indicators chart]
Weekly Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. 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, Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is above its signal line since August 9, 2024. 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 November 27, 2024 at 110.70 and reached 106.50 on December 13, 2024. PNR lost 4.20 points, or 3.79%, in 16 days. The price is now at the 16.67% retracement level.
 Daily Technical Indicators: [See PNR daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since December 4, 2024. This is an indication that the short-term trend is down.
The price is close to the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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