Penumbra, Inc. | PEN

Daily Technical Analysis of Penumbra, Inc.

Not too much action today, Penumbra drifted down slightly. We'll see where it goes next.

Currently PEN isn't at a clear support/resistance line that seems tradable. PEN hasn't established a very clear directional momentum over the last few months. So it's not clear exactly where it's going. PEN might find some support at the 246.69 level, buyers might push the price back up from here. But it's not very clear what will happen.

Last analyzed on 2024-03-17

Analyst Ratings for Penumbra By Price Target And Rating

The analysts feel fairly neutral on the prospects for Penumbra but a little more positive than negative. The current Analysts Sentiment Score is 30.54. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. Truist Financial decided to move down their price target on 2024-02-23 to $290.00 which is a -3.33% decrease. JPMorgan Chase & Co. released a downgrade on 2024-02-23 from Overweight to Neutral and dropped their 1 year price target to $250.00 which is down from $284.00. Canaccord Genuity Group reiterated a rating of Buy on 2024-02-23 and provided a price target of $284.00. Royal Bank of Canada announced that they are reiterating a rating of Outperform on 2024-02-23 and added a price target of $289.00. Piper Sandler announced a lowering of their price target to $250.00 from $335.00 on 2023-11-03. Morgan Stanley announced a lowering of their price target to $240.00 from $265.00 on 2023-11-03. On 2023-10-02 Citigroup lowered their price target by -17.95% to $320.00. BTIG Research announced a lowering of their price target to $308.00 from $351.00 on 2023-08-02. Wells Fargo & Company boosted their price targ by 5.31% to $337.00 on 2023-08-02. Robert W. Baird announced that they are initiating coverage with a rating of Outperform on 2023-07-18 and provided a price target of $375.00.

Company	Ratings Score ? Composite analyst sentiment score	Positive Ratings	Negative Ratings	Boost Price Target	Lower Price Target
PEN	30.54	104.31	-51.29	38.2	-30.13

Earnings Per Share (EPS) Estimates By Year and Quarter

(updated 2024-04-25)

Company	YOY Growth Score (typical -20 to +20)	Revision Directions (-6 to +6)
PEN	0.00	0.00

Short interest for Penumbra

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Company	Short Score (typical 1-15) ? We take into account several different measures and attributes of short interest to create a composite sentiment score. typical range (0 - 30)	Short Interest	Days to Cover	Rate of Change	Shares Short
PEN	6.4	%6.16545	6.1	7.326	2370000

How Penumbra compares to the broader Healthcare sector and the more specific Medical Devices industry

Segment	Count	1 Day%	5 Day	1 Month	3 Month	6 Month	1 Year	RSI	3mo S-momo ? Smooth Momentum is our proprietary technical indicator that looks for momentum with the greatest consistency and steady velocity. We have penalized dramatic swings and fluctuations. If the momentum is too high and an asset spikes upward, this is often unreliable and collapses back down. But the smoothed momentum provides the highest probability of continuing into the near future with the same directional rate of change. Several complex factors are weighted by neural nets to maximize probabilistic accuracy. It works the same with positive or negative directions.	6mo S-momo	1yr S-momo	Resistance ? Support and Resistance levels are determined by previous high and low points. You may be familiar with traders drawing lines across charts where several peaks or valleys occur in the same range. This helps us understand the trading range of an asset where the market doesn't perceive it to be worth more or less than a certain price level. When it nears the boundaries of this range the probability of reversal can increase. Our neural nets create scores for this measure based on many factors such as the frequency, recency, size, consistency, etc of previous reversal points.	Support	Demark Sell ? Demark 9 indicators are designed to look for exhaustion in the selling or buying trend which can often be predictive of a reversal point. This indicator is triggered when there are 9 consecutive days where the closing price is higher/lower than the closing price 4 days ago. Like all indicators, it is best used in combinations with other factors.	Demark Buy	Short Interest	Analysts Ratings ? We track several different measures of analyst sentiment including ratings and price targets. To create a composite Analyst Sentiment Score, we weight several factors such as the recent rate of change which can be more predictive than the absolute level. We also weight each analyst's opinion based on their historic accuracy. We built in a time decay function to ensure that the rating reflects the current sentiment levels. Typical range (-80 to +80)
Medical Devices Show Me Companies With: S-Momentum: Highest \| Lowest At Bottom Support At Top Resistance RSI Highest \| Lowest 1 Day Growth: Highest \| Lowest 5 Day Growth: Highest \| Lowest 1 Month Growth: Highest \| Lowest 6 Month Growth: Highest \| Lowest List All Stocks	24	-2.98	0.60	-9.69	-4.89	21.28	-10.11	42.38	24.81	5.58	5.95	-13810.56	-10674.26	4.17	10.42	4.79	27.08
Healthcare Show Me Companies With: S-Momentum: Highest \| Lowest At Bottom Support At Top Resistance RSI Highest \| Lowest 1 Day Growth: Highest \| Lowest 5 Day Growth: Highest \| Lowest 1 Month Growth: Highest \| Lowest 6 Month Growth: Highest \| Lowest List All Stocks	247	-2.10	-0.62	-9.99	-2.13	25.29	4.58	41.55	31.33	10.68	11.04	-12888.05	-11534.39	4.96	17.31	6.93	47.66

Social Sentiment for Penumbra

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.

Ticker	Social Sentiment(1-10)
PEN

Companies with the highest correlation to Penumbra

Company	Score	1 Day%	5 Day	1 Month	3 Month	6 Month	1 Year	RSI	3mo S-momo ? Smooth Momentum is our proprietary technical indicator that looks for momentum with the greatest consistency and steady velocity. We have penalized dramatic swings and fluctuations. If the momentum is too high and an asset spikes upward, this is often unreliable and collapses back down. But the smoothed momentum provides the highest probability of continuing into the near future with the same directional rate of change. Several complex factors are weighted by neural nets to maximize probabilistic accuracy. It works the same with positive or negative directions.	6mo S-momo	1yr S-momo	Resistance ? Support and Resistance levels are determined by previous high and low points. You may be familiar with traders drawing lines across charts where several peaks or valleys occur in the same range. This helps us understand the trading range of an asset where the market doesn't perceive it to be worth more or less than a certain price level. When it nears the boundaries of this range the probability of reversal can increase. Our neural nets create scores for this measure based on many factors such as the frequency, recency, size, consistency, etc of previous reversal points.	Support	Demark Sell ? Demark 9 indicators are designed to look for exhaustion in the selling or buying trend which can often be predictive of a reversal point. This indicator is triggered when there are 9 consecutive days where the closing price is higher/lower than the closing price 4 days ago. Like all indicators, it is best used in combinations with other factors.	Short Interest Score
ALTR \| Altair Engineering Inc. C	1.06	-0.33	1.04	-3.45	-2.17	39.32	20.82	23	23.37	27.00	40.91	-2796.56	-17377.75	0	7.39914
QTRX \| Quanterix Corporation Com	1.03	-2.81	-1.52	-33.83	-29.43	-26.11	31.78	45	8.64	16.43	35.00	-1797.53	-27566.83	0	2.50203
CDNS \| Cadence Design Systems	1.03	-0.21	-1.13	-10.99	-3.95	19.93	36.08	39	90.82	107.68	124.76	-1686.18	-29206.82	0	1.51766
STAA \| Staar Surgical Co	1.02	-1.94	1.08	22.49	67.40	20.94	-30.64	69	-10.25	-29.14	-44.31	-39151.64	-4088.91	125	9.22466
ATRC \| AtriCure, Inc.	1.01	-1.91	-2.54	-25.67	-33.62	-34.14	-46.49	17	-34.09	-42.56	-33.74	-20425.59	298.99	0	3.79691
PAYC \| PAYCOM SOFTWARE, INC.	1	-0.71	1.82	-6.25	-1.92	-24.79	-34.69	78	-60.65	-41.37	-45.96	-47113.96	-1762.45	0	1.70052

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