UNITED PARKS & RESORTS INC (PRKS) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:PRKS - US81282V1008 - Common Stock
We assign a technical rating of 1 out of 10 to PRKS. PRKS scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, PRKS does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 37.44. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 36.54, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for PRKS in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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
34.30
2 important support areas can be observed.
- A support zone ranging from 35.84 to 36.54. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @34.65 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 37.44 to 37.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @50.45 from a horizontal line in the daily time frame.
- Resistance @53.71 from a trend 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 | DOWN | NEGATIVE | The long term trend for PRKS is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PRKS is neutral. |
| ChartMill Relative Strength | 10.53 | NEGATIVE | PRKS has a low relative strength, it was outperformed by 89.47% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PRKS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of PRKS is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PRKS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.42 | NEUTRAL | The RSI value for PRKS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.34 | POSITIVE | The MACD value suggests PRKS has a positive trend. |
| Stochastics (14,3) | 76.12 | NEUTRAL | The Stochastics value for PRKS is a neutral value. |
| Average True Range in percent/ATR (20) | 3.21 | MEDIUM VOLATILITY | The ATR as a percentage value for PRKS suggests some volalility. |
| Average Directional Index/ADX (14) | 15.13 | NEGATIVE | The low ADX value for PRKS suggests a weak or negative trend. |
37.43
+0.56 (+1.52%)
UNITED PARKS & RESORTS INC / PRKS FAQ
Can you provide the ChartMill technical rating for UNITED PARKS & RESORTS INC?
ChartMill assigns a technical rating of 1 / 10 to PRKS.
Can you provide the trend direction for UNITED PARKS & RESORTS INC?
The current trend direction for UNITED PARKS & RESORTS INC (PRKS) is Bearish.
Can you provide the RSI signal for UNITED PARKS & RESORTS INC?
UNITED PARKS & RESORTS INC (PRKS) has an RSI value of 56.4163. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for UNITED PARKS & RESORTS INC?
UNITED PARKS & RESORTS INC (PRKS) has a support level at 36.54 and a resistance level at 37.44. Check the full technical report for our detailed analysis of PRKS support and resistance levels.