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Uptrend SupportArchive
- 4/19/2024 -
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Zoetis (ZTS) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Zoetis (ZTS). During the week, the ZTS dropped -3.48 points, or -2.32%, and closed at 146.50 on Friday, April 19, 2024. Weekly volume was 163% above average.
 Long-term trend: [See ZTS long-term trend chart]
A long-term uptrend had started on November 3, 2022 at 124.15 and reached 201.92 on December 14, 2023. ZTS gained -77.77 points, or -62.64%, in 58 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (163.55) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. ZTS may retest the broken support line. It is considered to be a resistance line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a long-term trend.
 Medium-term trend: [See ZTS medium-term trend chart]
A medium-term downtrend had started on December 14, 2023 at 201.92 and reached 145.80 on April 19, 2024. ZTS lost 56.12 points, or 27.79%, in 18 weeks. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern. The downtrend support line (167.12) is broken, while daily and weekly technical indicators are oversold. Downtrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.
 Weekly Technical Indicators: [See ZTS weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Williams' Percentage Range or strongly oversold weekly Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is below its signal line since March 1, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. Use the following link to access a MACD help.
 Short-term trend: [See ZTS short-term trend chart]
A short-term downtrend had started on February 29, 2024 at 200.53 and reached 145.80 on April 19, 2024. ZTS lost 54.73 points, or 27.29%, in 50 days. The chart has formed a Falling Channel chart pattern. The trend support level is at 141.91 and resistance is at 153.09. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a short-term trend.
 Daily Technical Indicators: [See ZTS daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic.
The daily MACD line is below its signal line since April 11, 2024. This is an indication that the short-term trend is down.
The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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