PZA Technical Analysis - PIZZA PIZZA ROYALTY CORP

Technical Rating and Analysis

We assign a technical rating of 4 out of 10 to PZA. In the last year, PZA was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.

PZA is one of the better performing stocks in the Hotels, Restaurants & Leisure industry, it outperforms 76% of 18 stocks in the same industry.

PZA is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so PZA is lagging the market slightly.

The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.

When compared to the yearly performance of all other stocks, PZA outperforms 55% of them, which is more or less in line with the market.

In the last month PZA has a been trading in a tight range between 15.55 and 16.47.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

PIZZA PIZZA ROYALTY CORP / PZA Weekly stock chart

PIZZA PIZZA ROYALTY CORP / PZA Daily stock chart

Setup Rating and Analysis

PZA has an average technical rating and it also does not offer a high quality setup 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

12.27

16.58

We found 5 important support areas.

A support zone ranging from 15.55 to 15.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @13.36 from a trend line in the weekly time frame.
Support @13.00 from a horizontal line in the weekly time frame.
Support @12.74 from a horizontal line in the daily time frame.
Support @12.39 from a horizontal line in the weekly time frame.

When analyzing the resistance we notice 2 important areas.

A resistance zone ranging from 15.67 to 15.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 16.24 to 16.42. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

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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	UP	POSITIVE	The long term trend for PZA.CA is up.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for PZA.CA is down.
ChartMill Relative Strength	55.19	NEUTRAL	PZA.CA is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of PZA.CA is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of PZA.CA is below the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of PZA.CA is above the rising SMA(200).
Relative Strength Index/RSI (14)	41.5	NEUTRAL	The RSI value for PZA.CA is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.05	NEGATIVE	The MACD value suggests PZA.CA has a negative trend, although the MACD value is rising.
Stochastics (14,3)	9.97	OVERSOLD	The low Stochastics value suggests PZA.CA may be oversold.
Average True Range in percent/ATR (20)	0.96	LOW VOLATILITY	The low ATR as a percentage value for PZA.CA suggests low volalility.
Average Directional Index/ADX (14)	22.69	NEUTRAL	The ADX value for PZA.CA suggests a possible start of a new trend.