POLARIS INC (PII) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:PII - US7310681025 - Common Stock
Taking everything into account, PII scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, PII is showing a nice and steady performance.
Besides having an excellent technical rating, PII also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 69.90. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 68.80, 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
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3 important support areas can be observed.
- A support zone ranging from 67.54 to 68.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 63.26 to 64.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 59.83 to 60.34. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 69.90 to 71.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 86.34 | POSITIVE | PII has a high relative strength, it outperformed 86.34% off all stocks 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) | 59.79 | NEUTRAL | The RSI value for PII is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.25 | POSITIVE | The MACD value suggests PII has a positive trend. |
| Stochastics (14,3) | 65.06 | NEUTRAL | The Stochastics value for PII is a neutral value. |
| Average True Range in percent/ATR (20) | 3.56 | MEDIUM VOLATILITY | The ATR as a percentage value for PII suggests some volalility. |
| Average Directional Index/ADX (14) | 14.89 | 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 |
|---|---|---|---|
| 71.20 | 67.53 | 3.67 (5.15%) | 19.40% |
| An entry @71.20. This is a Buy Stop order right above the resistance zone. | An exit @67.53. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.67 points, which is 5.15%. | For a 1.00% total portfolio risk, you can invest 19.40% of your capital in this trade. |
- 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.
69.33
+0.79 (+1.15%)
POLARIS INC / PII FAQ
Can you provide the ChartMill technical rating for POLARIS INC?
ChartMill assigns a technical rating of 9 / 10 to PII.
What is the current trend direction of POLARIS INC (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 59.7943. This indicates that the stock is currently neutral.
What is the short term momentum for POLARIS INC (PII) stock?
The short term momentum for POLARIS INC (PII) is positive.
Can you provide the buy/sell signal for POLARIS INC?
The buy/sell signal for POLARIS INC (PII) is buy as both the short term and long term trends are positive.