POLARIS INC (PII) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:PII • US7310681025
We assign a technical rating of 7 out of 10 to PII. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- When comparing the yearly performance of all stocks, we notice that PII is one of the better performing stocks in the market, outperforming 86% of all stocks.
- PII is part of the Leisure Products industry. There are 31 other stocks in this industry. PII outperforms 83% of them.
- PII is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so PII is lagging the market slightly.
- In the last month PII has a been trading in the 62.58 - 72.25 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Besides having an excellent technical rating, PII also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 68.33, a Stop Loss order could be placed below this zone.
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59.23
We found 3 important support areas.
- A support zone ranging from 66.66 to 68.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 63.25 to 64.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @59.83 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- Resistance @69.27 from a trend line in the daily time frame.
- Resistance @70.38 from a trend line in the weekly time frame.
- Resistance @71.90 from a horizontal line in the weekly time frame.
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 PII is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PII is neutral. |
| ChartMill Relative Strength | 86.25 | POSITIVE | PII has a high relative strength, it outperformed 86.25% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of PII is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PII is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PII is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53 | NEUTRAL | The RSI value for PII is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests PII has a positive trend. |
| Stochastics (14,3) | 66.59 | NEUTRAL | The Stochastics value for PII is a neutral value. |
| Average True Range in percent/ATR (20) | 3.47 | MEDIUM VOLATILITY | The ATR as a percentage value for PII suggests some volalility. |
| Average Directional Index/ADX (14) | 15.71 | NEGATIVE | The low ADX value for PII suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 69.28 | 66.65 | 2.63 (3.80%) | 25.00% |
| An entry @69.28. This is a Buy Stop order right above the resistance zone. | An exit @66.65. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.63 points, which is 3.80%. | For a 0.95% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of PII. Please evaluate whether better entry and exit points can be found.
- 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.
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-0.33 (-0.48%)
POLARIS INC / PII FAQ
Can you provide the ChartMill technical rating for POLARIS INC?
ChartMill assigns a technical rating of 7 / 10 to PII.
What is the trend direction for PII stock?
The current trend direction for POLARIS INC (PII) is Bullish.
What is the RSI signal for PII stock?
POLARIS INC (PII) has an RSI value of 53.0008. This indicates that the stock is currently neutral.
Can you provide the short term momentum for POLARIS INC?
The short term momentum for POLARIS INC (PII) is neutral.
What is the support and resistance level for PII stock?
POLARIS INC (PII) has a support level at 68.33 and a resistance level at 69.27. Check the full technical report for our detailed analysis of PII support and resistance levels.