TRAEGER INC (COOK) Stock Technical Analysis
NYSE:COOK • US89269P1030
Taking everything into account, COOK scores 0 out of 10 in our technical rating. COOK scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, COOK is a bad performer in the overall market: 90% of all stocks are doing better.
- COOK is one of the lesser performing stocks in the Household Durables industry. 91% of 60 stocks in the same industry do better.
- COOK is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month COOK has a been trading in the 0.74 - 1.17 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
The technical rating of COOK is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
0.75
We found 1 important support area.
- A support zone ranging from 0.76 to 0.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 1.02 to 1.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 1.07 to 1.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @1.11 from a trend line 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 | DOWN | NEGATIVE | The long term trend for COOK is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for COOK is down. |
| ChartMill Relative Strength | 10.13 | NEGATIVE | COOK has a low relative strength, it was outperformed by 89.87% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of COOK is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of COOK is below a declining 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) | 38.32 | NEUTRAL | The RSI value for COOK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests COOK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 19.86 | OVERSOLD | The low Stochastics value suggests COOK may be oversold. |
| Average True Range in percent/ATR (20) | 9.22 | HIGH VOLATILITY | The high ATR as a percentage value for COOK suggests high volalility. |
| Average Directional Index/ADX (14) | 22.91 | NEUTRAL | The ADX value for COOK suggests a possible start of a new trend. |
0.8542
+0 (+0.48%)
TRAEGER INC / COOK FAQ
Can you provide the ChartMill technical rating for TRAEGER INC?
ChartMill assigns a technical rating of 0 / 10 to COOK.
Can you provide the trend direction for TRAEGER INC?
The current trend direction for TRAEGER INC (COOK) is Bearish.
Can you provide the RSI signal for TRAEGER INC?
TRAEGER INC (COOK) has an RSI value of 38.3172. This indicates that the stock is currently neutral.
What is the MACD signal for TRAEGER INC (COOK) stock?
The MACD indicator for TRAEGER INC (COOK) has a value of -0.0320571, indicating a bearish trend.
What are the support and resistance levels for TRAEGER INC (COOK) stock?
TRAEGER INC (COOK) has a support level at 0.77 and a resistance level at 1.02. Check the full technical report for our detailed analysis of COOK support and resistance levels.