PZZA runs into sellers again around 55.50

Papa John's International Inc. (PZZA) Technical Analysis Report for Jul 13, 2018 | by Techniquant Editorial Team


PZZA closes below its opening price unable to hold early session gains
PZZA ends the day on a bearish note closing near the low of the day
PZZA runs into sellers again around 55.50
PZZA closes within previous day's range


PZZA ended the week 4.45% higher at 53.55 after losing $0.12 (-0.22%) today. Trading $1.78 higher after the open, Papa John's was unable to hold its gains as the bears took control ending the day below its opening price. Closing within the prior day's range, prices failed to decisively move past the previous day's trading range. Ending with a weak close near the low of the day sets a bearish note for the next session.

Daily Candlestick Chart (PZZA as at Jul 13, 2018):

Daily technical analysis candlestick chart for Papa John's International Inc. (PZZA) as at Jul 13, 2018

Friday's trading range was $2.32 (4.32%), that's slightly above last trading month's daily average range of $2.03. Weekly volatility is also higher, being way above the markets average with the monthly volatility being above average.

During the whole day, prices traded within the prior day's range, unable to trade above the previous day's high or below the prior day's low forming an Inside Bar.

Prices are trading close to a key support level at 53.00. After having been unable to move above 55.83 in the previous session, the stock ran into sellers again around the same price level today, failing to move higher than 55.50.

While the market is experiencing a short-term up trend, this could just be a correction, as both the medium and long term trends are still in negative territory.

Market Conditions for PZZA as at Jul 13, 2018

Loading Market Conditions for PZZA (Papa John's International Inc.)...
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when Papa John's International Inc. traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Find out more
Top Movers
You have free reports remaining. Subscribe for unlimited access...SUBSCRIBELOGINGO!