We assign a technical rating of 7 out of 10 to PETS. PETS has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
Although PETS has an excellent technical rating, it does not present a decent entry opportunity 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.
1.58
We found 1 important support area.
When analyzing the resistance we notice 2 important areas.
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 | NEUTRAL | NEUTRAL | The long term trend for PETS is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PETS is up. |
| ChartMill Relative Strength | 50.54 | NEUTRAL | PETS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PETS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PETS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of PETS is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 71.95 | OVERBOUGHT | The high RSI value suggests PETS may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.23 | POSITIVE | The MACD value suggests PETS has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.21 | OVERBOUGHT | The high Stochastics value suggests PETS may be overbought. |
| Average True Range in percent/ATR (20) | 9.04 | HIGH VOLATILITY | The high ATR as a percentage value for PETS suggests high volalility. |
| Average Directional Index/ADX (14) | 46 | POSITIVE | The high ADX value value for PETS suggests a strong trend. |
3.6
-0.05 (-1.37%)
ChartMill assigns a technical rating of 7 / 10 to PETS.
The current trend direction for PETMED EXPRESS INC (PETS) is Bearish.
PETMED EXPRESS INC (PETS) has an RSI value of 71.9542. This indicates that the stock is currently overbought.
The short term momentum for PETMED EXPRESS INC (PETS) is positive.