TRAEGER INC (COOK) Stock Technical Analysis
NYSE:COOK - New York Stock Exchange, Inc. - US89269P1030 - Common Stock - Currency: USD
Overall COOK gets a technical rating of 6 out of 10. In the past year, COOK was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
COOK is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
COOK is part of the Household Durables industry. There are 63 other stocks in this industry. COOK outperforms 72% of them.
When comparing the performance of all stocks over the past year, COOK turns out to be only a medium performer in the overall market: it outperformed 53% of all stocks.
In the last month COOK has a been trading in the 1.67 - 2.08 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, COOK does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 2.03. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for COOK in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
1.32
2.06
We found 3 important support areas.
- A support zone ranging from 1.96 to 1.97. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 1.69 to 1.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.33 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 2.03 to 2.04. This zone is formed by a combination of multiple trend lines in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for COOK is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for COOK is up. |
| ChartMill Relative Strength | 53.79 | NEUTRAL | COOK is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of COOK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of COOK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of COOK is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.07 | NEUTRAL | The RSI value for COOK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests COOK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 58.9 | NEUTRAL | The Stochastics value for COOK is a neutral value. |
| Average True Range in percent/ATR (20) | 5.22 | HIGH VOLATILITY | The high ATR as a percentage value for COOK suggests high volalility. |
| Average Directional Index/ADX (14) | 27.93 | POSITIVE | The high ADX value value for COOK suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 2.05 | 1.95 | 0.10 (4.88%) | 20.50% |
| An entry @2.05. This is a Buy Stop order right above the resistance zone. | An exit @1.95. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.10 points, which is 4.88%. | For a 1.00% total portfolio risk, you can invest 20.50% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of COOK. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
1.98
+0.08 (+4.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHousehold Durables
Performance
% Chg4.21%
1 Week-1%
2 Weeks1.54%
1 Month10%
3 Month33.78%
6 Month-18.85%
12 Month-20.16%
2 Year-55.61%
3 Year-35.5%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.11
ATR(20)%5.22%
ATR Inc-22.05%
Range Today0.11
ADR(20)0.1
ADR(20)%5.19%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS53.79
Mansfield-2.45
10 Day High2.08
10 Day Low1.85
20 Day High2.08
20 Day Low1.67
52 Week High3.97
52 Week Low1.28
CS1 End1.97
CR1 Start2.03
Volume & EV
DER(3)2.93%
DER(5)4.13%
Volume252.50K
Volume Incr-25.52%
Vol(5)239.72K
Vol(50)499.52K