PETIQ INC (PETQ) Technical Analysis
NASDAQ:PETQ • US71639T1060
Current stock price
PETQ Technical Rating and Analysis
Taking everything into account, PETQ scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, PETQ has proven to be a steady performer, scoring decent points in every aspect analyzed.
- 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 88% of 100 stocks in the same industry.
- PETQ is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so PETQ is leading the market.
- In the last month PETQ has a been trading in a tight range between 30.67 and 31.06.
PETQ Weekly and Daily overview Charts
PETQ Setup Rating and Analysis
Besides having an excellent technical rating, PETQ 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. 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
PETQ Support and Resistance Analysis
19.01
When analyzing the support we can see 4 important 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.
When analyzing the resistance we notice one important 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.
PETQ 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 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. |
PETQ Chart- and CandleStick Pattern Analysis
PETQ Example Setup
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 worst case loss on the trade is limited to 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.
PETQ Technicals: Chart, Performance Metrics, Trend & Indicators
30.98
-0.01 (-0.03%)
PETIQ INC / PETQ TA FAQ
What is the technical rating for PETQ stock?
ChartMill assigns a technical rating of 10 / 10 to PETQ.
Can you provide the trend direction for PETIQ INC?
The current trend direction for PETIQ INC (PETQ) is Bullish.
What is the RSI signal for PETQ stock?
PETIQ INC (PETQ) has an RSI value of 80.0139. This indicates that the stock is currently overbought.
Can you provide the buy/sell signal for PETIQ INC?
The buy/sell signal for PETIQ INC (PETQ) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for PETIQ INC?
PETIQ INC (PETQ) has a support level at 30.93 and a resistance level at 30.99. Check the full technical report for our detailed analysis of PETQ support and resistance levels.