PETIQ INC (PETQ) Stock Technical Analysis
NASDAQ:PETQ - Nasdaq - US71639T1060 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to PETQ. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, PETQ 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 PETQ is one of the better performing stocks in the market, outperforming 93% of all stocks. On top of that, PETQ also shows a nice and consistent pattern of rising prices.
PETQ is one of the better performing stocks in the Health Care Providers & Services industry, it outperforms 91% of 103 stocks in the same industry.
PETQ is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month PETQ has a been trading in a tight range between 30.67 and 31.06.
PETQ 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 30.99. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 30.93, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
19.01
31.30
We found 4 important support areas.
- A support zone ranging from 30.72 to 30.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 23.99 to 24.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @21.57 from a trend line in the daily time frame.
- Support @19.20 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 30.99 to 30.99. 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 PETQ is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PETQ is up. |
| ChartMill Relative Strength | 93.86 | POSITIVE | PETQ has a high relative strength, it outperformed 93.86% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PETQ is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PETQ is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PETQ is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 80.01 | OVERBOUGHT | The high RSI value suggests PETQ may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests PETQ has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 65.08 | NEUTRAL | The Stochastics value for PETQ is a neutral value. |
| Average True Range in percent/ATR (20) | 0.19 | LOW VOLATILITY | The low ATR as a percentage value for PETQ suggests low volalility. |
| Average Directional Index/ADX (14) | 62.59 | POSITIVE | The high ADX value value for PETQ 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)
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 |
|---|---|---|---|
| 31.00 | 30.86 | 0.14 (0.45%) | 25.00% |
| An entry @31.00. This is a Buy Stop order right above the resistance zone. | An exit @30.86. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.14 points, which is 0.45%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.11%. |
- 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.
30.98
-0.01 (-0.03%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg-0.03%
1 Week0.23%
2 Weeks0.29%
1 Month0.78%
3 Month41.53%
6 Month87.42%
12 Month69.1%
2 Year276.89%
3 Year23.67%
5 Year25.32%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.05
ATR(20)%0.19%
ATR Inc-61.11%
Range Today0.02
ADR(20)0.06
ADR(20)%0.18%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.86
Mansfield2.65
10 Day High31
10 Day Low30.87
20 Day High31.06
20 Day Low30.67
52 Week High31.06
52 Week Low15.09
CS1 End30.93
CR1 Start30.99
Volume & EV
DER(3)-0.9%
DER(5)2.18%
Volume933.80K
Volume Incr14.73%
Vol(5)656.56K
Vol(50)592.46K