PORTILLO'S INC-CL A (PTLO) Stock Technical Analysis
NASDAQ:PTLO • US73642K1060
Taking everything into account, PTLO scores 2 out of 10 in our technical rating. PTLO's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- 89% of all other stocks performed better in the past year than PTLO.
- PTLO is part of the Hotels, Restaurants & Leisure industry. There are 126 other stocks in this industry, of which 76% are performing better than PTLO.
- PTLO is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month PTLO has a been trading in the 5.18 - 6.12 range, which is quite wide. It is currently trading near the lows of this range.
- PTLO has an average volume of 2264170 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
PTLO has a poor technical rating and the quality of the setup is also only medium 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.
More info and screens
5.23
When analyzing the support we notice one important area.
- A support zone ranging from 5.28 to 5.32. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- Resistance @5.90 from a trend line in the daily time frame.
- A resistance zone ranging from 6.02 to 6.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @7.63 from a trend line in the weekly time frame.
- Resistance @7.89 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 PTLO is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PTLO is neutral. |
| ChartMill Relative Strength | 11.49 | NEGATIVE | PTLO has a low relative strength, it was outperformed by 88.51% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PTLO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PTLO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PTLO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 43.33 | NEUTRAL | The RSI value for PTLO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests PTLO has a negative trend. |
| Stochastics (14,3) | 38.23 | NEUTRAL | The Stochastics value for PTLO is a neutral value. |
| Average True Range in percent/ATR (20) | 5.63 | HIGH VOLATILITY | The high ATR as a percentage value for PTLO suggests high volalility. |
| Average Directional Index/ADX (14) | 17.76 | NEGATIVE | The low ADX value for PTLO suggests a weak or negative trend. |
5.33
-0.46 (-7.94%)
PORTILLO'S INC-CL A / PTLO FAQ
What is the technical rating for PTLO stock?
ChartMill assigns a technical rating of 2 / 10 to PTLO.
Can you provide the trend direction for PORTILLO'S INC-CL A?
The current trend direction for PORTILLO'S INC-CL A (PTLO) is Bearish.
What is the RSI signal for PTLO stock?
PORTILLO'S INC-CL A (PTLO) has an RSI value of 43.3266. This indicates that the stock is currently neutral.
What is the MACD signal for PTLO stock?
The MACD indicator for PORTILLO'S INC-CL A (PTLO) has a value of -0.0574332, indicating a bearish trend.
Can you provide the short term momentum for PORTILLO'S INC-CL A?
The short term momentum for PORTILLO'S INC-CL A (PTLO) is neutral.