COOK Technical Analysis - TRAEGER INC

Technical Rating and Analysis

We assign a technical rating of 1 out of 10 to COOK. COOK's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

97% of all other stocks performed better in the past year than COOK.

COOK is one of the lesser performing stocks in the Household Durables industry. 91% of 63 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 1.20 - 1.50 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

COOK has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.23

2.05

When analyzing the support we notice one important area.

A support zone ranging from 1.24 to 1.25. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 5 important areas.

Resistance @1.36 from a trend line in the daily time frame.
A resistance zone ranging from 1.47 to 1.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 1.52 to 1.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @1.83 from a trend line in the daily time frame.
Resistance @2.03 from a horizontal line in the daily time frame.

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What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

Technical Indicator Signal Analysis

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	3.36	NEGATIVE	COOK has a low relative strength, it was outperformed by 96.64% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of COOK is below the rising 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)	44.71	NEUTRAL	The RSI value for COOK is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.01	POSITIVE	The MACD value suggests COOK has a positive trend, although the MACD value is declining.
Stochastics (14,3)	37.78	NEUTRAL	The Stochastics value for COOK is a neutral value.
Average True Range in percent/ATR (20)	6.71	HIGH VOLATILITY	The high ATR as a percentage value for COOK suggests high volalility.
Average Directional Index/ADX (14)	23.19	NEUTRAL	The ADX value for COOK suggests a possible start of a new trend.