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(PEN) Penumbra Inc complete technical analysis [charts+indicators] | Buy/Sell Penumbra Inc | (PEN) share price targets

Complete technical analysis of Penumbra Inc (PEN) by charts plus indicators, forecast predictions and share price targets for Penumbra Inc (PEN)

Penumbra Inc trades in USA in Health Care sector.

Showing technical analysis as on 2024-05-21 View latest technical analysis

10 day averaged volume of Penumbra Inc is 355535

Date	Daily Closing Price	Open	High	Low	Volume
21 Tue May 2024	200.23	200.68	201.15	198.47	0.469 times
20 Mon May 2024	201.44	203.54	204.12	199.60	0.469 times
17 Fri May 2024	203.53	201.50	204.09	200.69	0.621 times
16 Thu May 2024	201.53	204.40	204.81	200.96	0.745 times
15 Wed May 2024	204.70	211.07	211.07	203.95	0.83 times
14 Tue May 2024	208.73	206.28	211.85	206.20	0.531 times
13 Mon May 2024	204.77	213.10	214.97	204.37	0.614 times
10 Fri May 2024	212.28	209.83	213.04	206.57	0.944 times
09 Thu May 2024	209.40	204.02	210.77	202.76	1.071 times
08 Wed May 2024	203.09	205.91	220.41	199.54	2.584 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 201.4, but if it comes above 201.4, then a intra day buy could be more profitable.
If you take a sell trade below 201.4, then use 201.4 as stoploss and 196.7 as target. However if you take a buy trade in stock , then use 201.4 as stoploss and 205.29 as target.

Share price targets for Penumbra Inc (PEN)

Target Type	Value
Downside Target	196.23
Upside Target	209.01
Upside Target	214.97
Upside Target	220.41
Upside Target	224.03
Upside Target	225.85
Upside Target	226.27
Upside Target	261.44
Upside Target	266.34
Upside Target	277.34

Intraday share price targets for Penumbra Inc (PEN)

Target Type	Value
Downside Intraday Target	197.76
Downside Intraday Target	195.29
Upside Intraday Target	203.41
Upside Intraday Target	206.59
Upside Intraday Target	200.94

Weekly technical analysis of Penumbra Inc (PEN)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Tue May 2024	200.23	203.54	204.12	198.47	0.281 times
17 Fri May 2024	203.53	213.10	214.97	200.69	0.47 times
10 Fri May 2024	212.28	209.79	220.41	199.54	1.339 times
03 Fri May 2024	208.55	205.83	209.67	196.23	1.159 times
26 Fri Apr 2024	204.41	204.04	209.01	200.80	1.118 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Penumbra Inc (PEN)

Date	Monthly Closing Price	Open	High	Low	Volume
21 Tue May 2024	200.23	196.69	220.41	196.48	0.803 times
30 Tue Apr 2024	196.47	223.18	226.27	196.23	0.847 times
28 Thu Mar 2024	223.18	234.72	261.44	217.37	1.047 times
29 Thu Feb 2024	234.92	253.00	277.34	224.03	1.037 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Penumbra Inc (PEN)

Price action analysis of Penumbra Inc ( (PEN) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Penumbra Inc ( (PEN) ) based on a short to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Penumbra Inc ( (PEN) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Penumbra Inc stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Penumbra Inc in short term and the sell signal is strong.

Penumbra Inc Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Penumbra Inc in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Penumbra Inc is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 205.09 and Penumbra Inc (PEN) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Penumbra Inc (PEN) stock. Volume based technical analysis of Penumbra Inc (PEN) stock is negative.

Penumbra Inc Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.