PII Technical Analysis - POLARIS INC

Technical Rating and Analysis

We assign a technical rating of 8 out of 10 to PII. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, PII is only an average performer.

The long and short term trends are both positive. This is looking good!

In the last month PII has a been trading in the 54.05 - 65.23 range, which is quite wide. It is currently trading near the high of this range.

PII has an average volume of 1288130 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

When comparing the performance of all stocks over the past year, PII turns out to be only a medium performer in the overall market: it outperformed 45% of all stocks.

PII is an average performer in the Leisure Products industry, it outperforms 68% of 33 stocks in the same industry.

PII is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PII is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although PII has an excellent technical rating, the quality of the presented setup is not ideal 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

54.80

65.01

When analyzing the support we can see 2 important areas.

A support zone ranging from 58.38 to 59.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 55.35 to 57.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 64.31 to 64.37. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

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	UP	POSITIVE	The long term trend for PII is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for PII is up.
ChartMill Relative Strength	45.95	NEUTRAL	PII is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of PII is above the rising 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)	60.32	NEUTRAL	The RSI value for PII is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.41	POSITIVE	The MACD value suggests PII has a positive trend, although the MACD value is declining.
Stochastics (14,3)	84.97	OVERBOUGHT	The high Stochastics value suggests PII may be overbought.
Average True Range in percent/ATR (20)	3.6	MEDIUM VOLATILITY	The ATR as a percentage value for PII suggests some volalility.
Average Directional Index/ADX (14)	22.95	NEUTRAL	The ADX value for PII suggests a possible start of a new trend.