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Uptrend Broken SupportArchive
- 5/2/2025 -
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Zoetis (ZTS) Technical Analysis
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| Summary:
| | | Weekly : | | Daily :
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| | It was a second positive week after 3 consecutive negative weeks for the Zoetis (ZTS). During the week, the ZTS gained 3.97 points, or 2.59%, and closed at 157.44 on Friday, May 2, 2025. Weekly volume was -7% below average.
 Long-term trend: [See ZTS long-term trend chart]
A long-term downtrend had started on September 19, 2024 at 200.33 and reached 139.70 on April 9, 2025. ZTS lost 60.63 points, or 30.27%, in 28 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 142.79 and resistance is at 172.93. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.
 Medium-term trend: [See ZTS medium-term trend chart]
A medium-term downtrend had started on February 6, 2025 at 177.40 and reached 139.70 on April 9, 2025. ZTS lost 37.70 points, or 21.25%, in 8 weeks. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern. The trend support level is at 133.21 and resistance is at 176.28. Use the following link to access a Broadening Right-Angled, Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Descending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See ZTS weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since October 25, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.
 Short-term trend: [See ZTS short-term trend chart]
A short-term uptrend had started on April 9, 2025 at 139.70 and reached 159.97 on May 2, 2025. ZTS gained -20.27 points, or -14.51%, in 23 days. The price is now at the 12.48% retracement level.
 Daily Technical Indicators: [See ZTS daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. 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 daily MACD line is above its signal line since April 22, 2025. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.
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