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'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.

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

98% of all other stocks performed better in the past year than PTLO.

PTLO is one of the lesser performing stocks in the Hotels, Restaurants & Leisure industry. 88% of 134 stocks in the same industry do better.

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.

PTLO is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.

PTLO has an average volume of 3553100 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 poor technical rating and the quality of the setup is also not perfect 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

6.30

11.06

We can see 3 important resistance areas.

Resistance @6.36 from a horizontal line in the daily time frame.
Resistance @10.61 from a trend line in the daily time frame.
Resistance @10.95 from a trend line in the weekly time frame.

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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	2.98	NEGATIVE	PTLO has a low relative strength, it was outperformed by 97.02% 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)	30.92	NEUTRAL	The RSI value for PTLO is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.09	POSITIVE	The MACD value suggests PTLO has a positive trend.
Stochastics (14,3)	27.7	NEUTRAL	The Stochastics value for PTLO is a neutral value.
Average True Range in percent/ATR (20)	3.87	MEDIUM VOLATILITY	The ATR as a percentage value for PTLO suggests some volalility.
Average Directional Index/ADX (14)	53.26	POSITIVE	The high ADX value value for PTLO suggests a strong trend.