PTLO Technical Analysis - PORTILLO'S INC-CL A

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to PTLO. PTLO scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

When comparing the yearly performance of all stocks, PTLO is a bad performer in the overall market: 98% of all stocks are doing better.

PTLO is part of the Hotels, Restaurants & Leisure industry. There are 134 other stocks in this industry, of which 88% are performing better than PTLO.

PTLO is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

In the last month PTLO has a been trading in the 6.00 - 7.18 range, which is quite wide. It is currently trading near the lows of this range.

PTLO has an average volume of 3571120 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

PORTILLO'S INC-CL A / PTLO Weekly stock chart

PORTILLO'S INC-CL A / PTLO Daily stock chart

Setup Rating and Analysis

PTLO has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. We notice that large players showed an interest for PTLO in the last couple of days, which is a good sign.

Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

6.23

10.93

3 important resistance areas can be observed.

A resistance zone ranging from 6.50 to 6.56. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Resistance @10.54 from a trend line in the daily time frame.
Resistance @10.82 from a trend line in the weekly time frame.

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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	DOWN	NEGATIVE	The long term trend for PTLO is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for PTLO is down.
ChartMill Relative Strength	2.6	NEGATIVE	PTLO has a low relative strength, it was outperformed by 97.4% 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)	DOWN	NEGATIVE	The current price of PTLO is below a declining 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)	32.66	NEUTRAL	The RSI value for PTLO is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.11	POSITIVE	The MACD value suggests PTLO has a positive trend, although the MACD value is declining.
Stochastics (14,3)	37.32	NEUTRAL	The Stochastics value for PTLO is a neutral value.
Average True Range in percent/ATR (20)	3.98	MEDIUM VOLATILITY	The ATR as a percentage value for PTLO suggests some volalility.
Average Directional Index/ADX (14)	49.92	POSITIVE	The high ADX value value for PTLO suggests a strong trend.