Pacific Premier Bancorp Inc (PPBI): Price Now Near $39.42; Daily Chart Shows Downtrend on 100 Day Basis

The Hourly View for PPBI

At the time of this writing, PPBI (Get Ratings)’s price is up $0.34 (0.87%) from the hour prior. PPBI has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 20 hour moving average, resulting in them so that price is now turning above it. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

PPBI ranks 59th in terms of today’s price percentage change out of Banking stocks.

PPBI’s Technical Outlook on the Daily Chart

At the time of this writing, PPBI’s price is up $0.51 (1.31%) from the day prior. PPBI has seen its price go down 4 out of the past 5 days, thus creating some compelling opportunities for bears. Regarding the trend, note that the strongest trend exists on the 50 day timeframe. Regarding moving averages, it should first be noted that price has crossed the 50 day moving average, resulting in them so that price is now turning above it. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The chart below shows PPBI’s price action over the past 90 days.

PPBI

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PPBI: Daily RSI Analysis

  • For PPBI, its RSI is now at 45.1327.
  • PPBI and RSI may be exhibiting divergent trends. This may be something to monitor.

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