UNITED PARKS & RESORTS INC (PRKS) Stock Technical Analysis
USA - NYSE:PRKS - US81282V1008 - Common Stock
We assign a technical rating of 5 out of 10 to PRKS. Although PRKS is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although the technical rating is only medium, PRKS does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. 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 54.43. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 52.12, a Stop Loss order could be placed below this zone.
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49.67
When analyzing the support we notice one important area.
- A support zone ranging from 50.17 to 52.12. 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 2 important areas.
- A resistance zone ranging from 54.43 to 55.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @59.83 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 PRKS is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PRKS is neutral. |
| ChartMill Relative Strength | 36.51 | NEUTRAL | PRKS is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of PRKS is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PRKS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of PRKS is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.6 | NEUTRAL | The RSI value for PRKS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests PRKS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 33.21 | NEUTRAL | The Stochastics value for PRKS is a neutral value. |
| Average True Range in percent/ATR (20) | 3.37 | MEDIUM VOLATILITY | The ATR as a percentage value for PRKS suggests some volalility. |
| Average Directional Index/ADX (14) | 18.82 | NEGATIVE | The low ADX value for PRKS suggests a weak or negative trend. |
52.24
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