PORTILLO'S INC-CL A (PTLO) Technical Analysis
NASDAQ:PTLO • US73642K1060
Overall PTLO gets a technical rating of 1 out of 10. 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: 86% of all stocks are doing better.
- PTLO is part of the Hotels, Restaurants & Leisure industry. There are 126 other stocks in this industry, of which 73% 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 4.77 - 6.09 range, which is quite wide. It is currently trading near the lows of this range.
- PTLO has an average volume of 2022310 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, PTLO does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 5.30. Right above this resistance zone may be a good entry point. 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.
More info and screens
4.95
We found 1 important support area.
- Support @5.00 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 5.30 to 5.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @5.72 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 @7.35 from a trend line in the weekly time frame.
- Resistance @7.63 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 | DOWN | NEGATIVE | The short term trend for PTLO is down. |
| ChartMill Relative Strength | 14.43 | NEGATIVE | PTLO has a low relative strength, it was outperformed by 85.57% 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 | MIXED | The current price of PTLO is below 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) | 47.67 | NEUTRAL | The RSI value for PTLO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests PTLO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 26.01 | NEUTRAL | The Stochastics value for PTLO is a neutral value. |
| Average True Range in percent/ATR (20) | 5.65 | HIGH VOLATILITY | The high ATR as a percentage value for PTLO suggests high volalility. |
| Average Directional Index/ADX (14) | 13.4 | NEGATIVE | The low ADX value for PTLO suggests a weak or negative trend. |
PTLO Technicals: Chart, Performance Metrics, Trend & Indicators
5.29
+0.25 (+4.96%)
PORTILLO'S INC-CL A / PTLO FAQ
What is the technical rating for PTLO stock?
ChartMill assigns a technical rating of 1 / 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 47.6694. 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 -0.038465, 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 negative.