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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 2024-01-16 View latest technical analysis

10 day averaged volume of Penumbra Inc is 421440

Date	Daily Closing Price	Open	High	Low	Volume
16 Tue Jan 2024	263.06	254.88	266.34	252.73	1.048 times
12 Fri Jan 2024	258.39	258.92	262.53	255.96	1.065 times
12 Fri Jan 2024	258.39	258.92	262.53	255.96	1.065 times
11 Thu Jan 2024	258.15	251.55	258.77	247.89	0.914 times
10 Wed Jan 2024	249.86	246.13	251.96	244.86	0.787 times
09 Tue Jan 2024	245.08	244.43	252.76	242.53	0.862 times
08 Mon Jan 2024	247.32	233.78	249.29	231.89	0.88 times
05 Fri Jan 2024	231.81	228.45	234.63	225.85	0.669 times
04 Thu Jan 2024	231.19	231.40	232.95	227.57	1.928 times
03 Wed Jan 2024	231.69	240.82	241.55	230.92	1.184 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 260.4, but if it comes below 260.4, then a intra day sell could be more profitable.
If you take a sell trade below 260.4, then use 260.4 as stoploss and 250.74 as target. However if you take a buy trade in stock , then use 260.4 as stoploss and 271.9 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	225.85
Downside Target	231.89
Downside Target	250.56
Downside Target	256.64
Downside Target	262.53
Downside Target	262.77
Upside Target	266.34
Upside Target	302.00

Intraday share price targets for Penumbra Inc (PEN)

Target Type	Value
Downside Intraday Target	255.08
Downside Intraday Target	247.1
Upside Intraday Target	268.69
Upside Intraday Target	274.32
Downside Intraday Target	260.71

Weekly technical analysis of Penumbra Inc (PEN)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Tue Jan 2024	263.06	254.88	266.34	252.73	0.984 times
12 Fri Jan 2024	258.39	258.92	262.53	255.96	0.236 times
12 Fri Jan 2024	258.39	233.78	262.53	231.89	1.018 times
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

Price has moved up 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
16 Tue Jan 2024	263.06	247.68	266.34	225.85	0.721 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 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Penumbra Inc ( (PEN) ) based on a short to mid 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.

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 BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Penumbra Inc in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Penumbra Inc Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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

CCI has generated a buy signal for Penumbra Inc in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying 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 246.37 and Penumbra Inc (PEN) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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 is giving positive 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.