PELOTON INTERACTIVE INC-A (PTON) Stock Technical Analysis
NASDAQ:PTON - Nasdaq - US70614W1009 - Common Stock - Currency: USD
Taking everything into account, PTON scores 8 out of 10 in our technical rating. PTON has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
The long and short term trends are both positive. This is looking good!
PTON is one of the better performing stocks in the Leisure Products industry, it outperforms 89% of 30 stocks in the same industry.
PTON has an average volume of 14393200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that PTON is one of the better performing stocks in the market, outperforming 93% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
PTON is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PTON is lagging the market.
In the last month PTON has a been trading in the 6.06 - 7.99 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
PTON has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 7.56. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 7.09, a Stop Loss order could be placed below this zone.
More info and screens
5.23
10.44
When analyzing the support we can see 4 important areas.
- A support zone ranging from 6.92 to 7.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 6.49 to 6.59. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @5.63 from a trend line in the weekly time frame.
- Support @5.28 from a trend line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 7.56 to 7.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @8.89 from a trend line in the weekly time frame.
- Resistance @10.34 from a horizontal line in the daily 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 | UP | POSITIVE | The long term trend for PTON is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PTON is up. |
| ChartMill Relative Strength | 93.86 | POSITIVE | PTON has a high relative strength, it outperformed 93.86% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PTON is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PTON is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PTON is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.64 | NEUTRAL | The RSI value for PTON is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests PTON has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 65.74 | NEUTRAL | The Stochastics value for PTON is a neutral value. |
| Average True Range in percent/ATR (20) | 6.69 | HIGH VOLATILITY | The high ATR as a percentage value for PTON suggests high volalility. |
| Average Directional Index/ADX (14) | 16.35 | NEGATIVE | The low ADX value for PTON suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 7.67 | 6.91 | 0.76 (9.91%) | 10.09% |
| An entry @7.67. This is a Buy Stop order right above the resistance zone. | An exit @6.91. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.76 points, which is 9.91%. | For a 1.00% total portfolio risk, you can invest 10.09% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
7.32
-0.06 (-0.81%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryLeisure Products
Performance
% Chg-0.81%
1 Week5.48%
2 Weeks2.52%
1 Month10.57%
3 Month3.83%
6 Month-23.59%
12 Month92.13%
2 Year-4.81%
3 Year-20.26%
5 Year-87.33%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.49
ATR(20)%6.69%
ATR Inc-10.89%
Range Today0.36
ADR(20)0.48
ADR(20)%6.53%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.86
Mansfield0.82
10 Day High7.99
10 Day Low6.46
20 Day High7.99
20 Day Low6.06
52 Week High10.9
52 Week Low2.83
CS1 End7.09
CR1 Start7.56
Volume & EV
DER(3)-0.2%
DER(5)1.41%
Volume9.94M
Volume Incr-21.52%
Vol(5)13.52M
Vol(50)14.39M