POTBELLY CORP (PBPB) Stock Technical Analysis
USA - NASDAQ:PBPB - US73754Y1001 - Common Stock
Taking everything into account, PBPB scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, PBPB is showing a nice and steady performance.
PBPB has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 17.13. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 17.10, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
8.84
5 important support areas can be observed.
- A support zone ranging from 17.07 to 17.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @14.61 from a trend line in the daily time frame.
- Support @14.26 from a trend line in the weekly time frame.
- Support @13.57 from a trend line in the daily time frame.
- Support @8.93 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 17.13 to 17.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for PBPB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PBPB is up. |
| ChartMill Relative Strength | 94.66 | POSITIVE | PBPB has a high relative strength, it outperformed 94.66% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PBPB is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PBPB is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PBPB is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 80.57 | OVERBOUGHT | The high RSI value suggests PBPB may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests PBPB has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 91.67 | OVERBOUGHT | The high Stochastics value suggests PBPB may be overbought. |
| Average True Range in percent/ATR (20) | 0.15 | LOW VOLATILITY | The low ATR as a percentage value for PBPB suggests low volalility. |
| Average Directional Index/ADX (14) | 62.5 | POSITIVE | The high ADX value value for PBPB suggests a strong trend. |
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 |
|---|---|---|---|
| 17.14 | 17.06 | 0.08 (0.47%) | 25.00% |
| An entry @17.14. This is a Buy Stop order right above the resistance zone. | An exit @17.06. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.08 points, which is 0.47%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.12%. |
- 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.
17.12
+0.01 (+0.06%)
POTBELLY CORP / PBPB FAQ
Can you provide the ChartMill technical rating for POTBELLY CORP?
ChartMill assigns a technical rating of 10 / 10 to PBPB.
Can you provide the trend direction for POTBELLY CORP?
The current trend direction for POTBELLY CORP (PBPB) is Bullish.
What is the RSI signal for POTBELLY CORP (PBPB) stock?
POTBELLY CORP (PBPB) has an RSI value of 80.5745. This indicates that the stock is currently overbought.
What is the short term momentum for PBPB stock?
The short term momentum for POTBELLY CORP (PBPB) is positive.
What is the buy/sell signal for PBPB stock?
The buy/sell signal for POTBELLY CORP (PBPB) is buy as both the short term and long term trends are positive.