PETS Technical Analysis - PETMED EXPRESS INC

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to PETS. PETS scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

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

91% of all other stocks performed better in the past year than PETS.

PETS is one of the lesser performing stocks in the Specialty Retail industry. 78% of 122 stocks in the same industry do better.

PETS is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.

In the last month PETS has a been trading in the 2.62 - 3.18 range, which is quite wide. It is currently trading near the lows of this range.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

PETMED EXPRESS INC / PETS Weekly stock chart

PETMED EXPRESS INC / PETS Daily stock chart

Setup Rating and Analysis

PETS 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. We notice that large players showed an interest for PETS 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

2.62

4.29

We can see 6 important resistance areas.

A resistance zone ranging from 2.83 to 2.84. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Resistance @3.19 from a trend line in the weekly time frame.
Resistance @3.40 from a trend line in the daily time frame.
Resistance @3.53 from a trend line in the weekly time frame.
Resistance @3.67 from a trend line in the daily time frame.
Resistance @4.25 from a horizontal line in the daily time frame.

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Support and Resistance indicators

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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 PETS is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for PETS is down.
ChartMill Relative Strength	9.18	NEGATIVE	PETS has a low relative strength, it was outperformed by 90.82% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of PETS is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of PETS is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of PETS is below a declining SMA(200).
Relative Strength Index/RSI (14)	33.72	NEUTRAL	The RSI value for PETS is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.01	NEGATIVE	The MACD value suggests PETS has a negative trend, although the MACD value is rising.
Stochastics (14,3)	6.62	OVERSOLD	The low Stochastics value suggests PETS may be oversold.
Average True Range in percent/ATR (20)	3.8	MEDIUM VOLATILITY	The ATR as a percentage value for PETS suggests some volalility.
Average Directional Index/ADX (14)	34.29	POSITIVE	The high ADX value value for PETS suggests a strong trend.