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 4 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. COOK was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, COOK is a bad performer in the overall market: 84% of all stocks are doing better.
COOK is one of the lesser performing stocks in the Household Durables industry. 65% of 64 stocks in the same industry do better.
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 short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
In the last month COOK has a been trading in the 1.29 - 2.21 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. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 1.69, a Stop Loss order could be placed below this zone. 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
1.64
2.49
We found 1 important support area.
- A support zone ranging from 1.66 to 1.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 1.81 to 1.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.95 from a trend line in the daily time frame.
- Resistance @2.01 from a trend line in the daily time frame.
- Resistance @2.47 from a trend line in the weekly 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 | UP | POSITIVE | The short term trend for COOK is up. |
| ChartMill Relative Strength | 16.39 | NEGATIVE | COOK has a low relative strength, it was outperformed by 83.61% off all stocks 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) | 50.82 | 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. |
| Stochastics (14,3) | 39.78 | NEUTRAL | The Stochastics value for COOK is a neutral value. |
| Average True Range in percent/ATR (20) | 9.48 | HIGH VOLATILITY | The high ATR as a percentage value for COOK suggests high volalility. |
| Average Directional Index/ADX (14) | 33.15 | 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)
1.69
-0.07 (-3.98%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHousehold Durables
Performance
% Chg-3.98%
1 Week-6.11%
2 Weeks-10.11%
1 Month16.55%
3 Month0%
6 Month-29.58%
12 Month-29.58%
2 Year-60.24%
3 Year-60.24%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.18
ATR(20)%9.48%
ATR Inc-58.4%
Range Today0.09
ADR(20)0.16
ADR(20)%9.3%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.39
Mansfield-3.55
10 Day High2.04
10 Day Low1.69
20 Day High2.21
20 Day Low1.29
52 Week High3.97
52 Week Low1.28
CS1 End1.69
CR1 Start1.81
Volume & EV
DER(3)4.28%
DER(5)10.42%
Volume492.40K
Volume Incr-67.42%
Vol(5)269.56K
Vol(50)477.56K