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Uptrend Broken SupportArchive
- 4/5/2024 -
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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 -3.35 points, or -1.98%, and closed at 165.86 on Friday, April 5, 2024. Weekly volume was 44% 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 price is near the trend support (162.47) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line 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 162.64 on April 3, 2024. ZTS lost 39.28 points, or 19.45%, in 15 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend support line (170.30) 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 and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range and 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 uptrend had started on April 3, 2024 at 162.64 and reached 169.39 on April 5, 2024. ZTS gained -6.75 points, or -4.15%, in 2 days. The price is now at the 52.30% retracement level.
 Daily Technical Indicators: [See ZTS daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
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