PET Technical Analysis - PET VALU HOLDINGS LTD

Technical Rating and Analysis

Overall PET gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, PET is showing a nice and steady performance.

Both the short term and long term trends are positive. This is a very positive sign.

When comparing the yearly performance of all stocks, we notice that PET is one of the better performing stocks in the market, outperforming 83% of all stocks. We also observe that the gains produced by PET over the past year are nicely spread over this period.

PET is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month PET has a been trading in the 33.05 - 39.06 range, which is quite wide. It is currently trading near the high of this range.

PET is an average performer in the Specialty Retail industry, it outperforms 68% of 17 stocks in the same industry.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

PET VALU HOLDINGS LTD / PET Weekly stock chart

PET VALU HOLDINGS LTD / PET Daily stock chart

Setup Rating and Analysis

Although PET has an excellent technical rating, it does not offer a high 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

23.85

39.39

When analyzing the support we can see 3 important areas.

Support @35.68 from a trend line in the daily time frame.
A support zone ranging from 33.12 to 33.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @24.09 from a horizontal line in the weekly 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	UP	POSITIVE	The long term trend for PET.CA is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for PET.CA is up.
ChartMill Relative Strength	83.08	POSITIVE	PET.CA has a high relative strength, it outperformed 83.08% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of PET.CA is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of PET.CA is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of PET.CA is above the rising SMA(200).
Relative Strength Index/RSI (14)	74.7	OVERBOUGHT	The high RSI value suggests PET.CA may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.05	POSITIVE	The MACD value suggests PET.CA has a positive trend.
Stochastics (14,3)	92.67	OVERBOUGHT	The high Stochastics value suggests PET.CA may be overbought.
Average True Range in percent/ATR (20)	2.01	MEDIUM VOLATILITY	The ATR as a percentage value for PET.CA suggests some volalility.
Average Directional Index/ADX (14)	41.32	POSITIVE	The high ADX value value for PET.CA suggests a strong trend.