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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 2024-01-05 View latest technical analysis

10 day averaged volume of Penumbra Inc is 273700

Date	Daily Closing Price	Open	High	Low	Volume
05 Fri Jan 2024	231.81	228.45	234.63	225.85	1.03 times
04 Thu Jan 2024	231.19	231.40	232.95	227.57	2.969 times
03 Wed Jan 2024	231.69	240.82	241.55	230.92	1.822 times
02 Tue Jan 2024	244.77	247.68	252.54	243.25	0.996 times
29 Fri Dec 2023	251.54	255.03	256.64	250.56	0.535 times
29 Fri Dec 2023	251.54	255.03	256.64	250.56	0.535 times
28 Thu Dec 2023	255.47	259.45	261.80	253.39	0.925 times
27 Wed Dec 2023	260.22	260.37	262.77	258.63	0.387 times
26 Tue Dec 2023	260.14	260.36	262.75	257.94	0.429 times
22 Fri Dec 2023	258.58	260.00	261.94	256.27	0.656 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 233, but if it comes above 233, then a intra day buy could be more profitable.
If you take a sell trade below 233, then use 233 as stoploss and 218.7 as target. However if you take a buy trade in stock , then use 233 as stoploss and 244.91 as target.

Share price targets for Penumbra Inc (PEN)

Target Type	Value
Downside Target	180.93
Downside Target	188.60
Downside Target	217.12
Downside Target	222.29
Upside Target	236.49
Upside Target	250.56
Upside Target	252.54
Upside Target	255.07
Upside Target	256.64
Upside Target	261.94
Upside Target	262.77
Upside Target	302.00

Intraday share price targets for Penumbra Inc (PEN)

Target Type	Value
Downside Intraday Target	220.93
Downside Intraday Target	210.04
Upside Intraday Target	247.62
Upside Intraday Target	263.42
Upside Intraday Target	236.73

Weekly technical analysis of Penumbra Inc (PEN)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Fri Jan 2024	231.81	247.68	252.54	225.85	12.746 times
29 Fri Dec 2023	251.54	255.03	256.64	250.56	0.235 times
29 Fri Dec 2023	251.54	260.36	262.77	250.56	0.465 times
22 Fri Dec 2023	258.58	245.87	261.94	244.06	0.583 times
15 Fri Dec 2023	245.48	224.68	255.07	222.29	1.376 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Penumbra Inc (PEN)

Date	Monthly Closing Price	Open	High	Low	Volume
05 Fri Jan 2024	231.81	247.68	252.54	225.85	0.289 times
29 Fri Dec 2023	251.54	221.94	262.77	217.12	0.58 times
30 Thu Nov 2023	222.09	190.91	236.49	180.93	1.142 times
31 Tue Oct 2023	191.15	240.99	241.03	188.60	1.241 times

Scroll below to view daily charts

Price has moved down 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 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 mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 but the sell signal is initial and weak.

Penumbra Inc Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up

CCI has generated a buy signal for Penumbra Inc in short term but BUY signal is weak.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 241 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 positive

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