PENTAIR plc (PNR): Price Now Near $64.89; Daily Chart Shows An Uptrend on 50 Day Basis

The Hourly View for PNR

At the time of this writing, PNR (Get Ratings)’s price is down $-0.35 (-0.54%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

PNR ranks 30th in terms of today’s price percentage change out of Machinery stocks.

PNR’s Technical Outlook on the Daily Chart

At the moment, PNR’s price is up $0.32 (0.5%) from the day prior. This is a reversal of the price action on the previous day, in which price moved down. Regarding the trend, note that the strongest trend exists on the 100 day timeframe. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. PENTAIR plc’s price action over the past 90 days can be seen via the chart below.

PNR

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