NYSE:ZTS Shows Potential for a Breakout.

Our stock screener has identified ZOETIS INC (NYSE:ZTS) as a potential breakout candidate. This technical breakout setup pattern occurs when the stock consolidates after a strong uptrend. While the actual breakout is uncertain, it may be worth keeping an eye on NYSE:ZTS.

What is the technical picture of NYSE:ZTS telling us.

ChartMill assigns a proprietary Technical Rating to each stock. The score is computed daily by evaluating various technical indicators and properties. The score ranges from 0 to 10.

Taking everything into account, ZTS scores 7 out of 10 in our technical rating. ZTS has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.

• The long and short term trends are both positive. This is looking good!
• ZTS is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
• When comparing the performance of all stocks over the past year, ZTS turns out to be only a medium performer in the overall market: it outperformed 55% of all stocks.
• ZTS is part of the Pharmaceuticals industry. There are 196 other stocks in this industry, ZTS did better than 63% of them.
• ZTS is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so ZTS is lagging the market slightly.

Our latest full technical report of ZTS contains the most current technical analsysis.

How does the Setup look for NYSE:ZTS

Next to the Technical Rating, the Setup Rating of a stock determines to which extend the stock is consolidating. This score also ranges from 0 to 10 and is updated daily. The setup score evaluates various short term technical indicators. For NYSE:ZTS this score is currently 9:

ZTS has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 181.30, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.

How can NYSE:ZTS be traded?

One way to play this would be to wait for the actual breakout to happen and buy when the stock breaks out above the current consolidation zone. A possible place for a stop loss would be below this zone.

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents technical observations generated by automated analysis but does not guarantee any trading outcomes. Always trade responsibly and make independent judgments.

Our Breakout screener lists more breakout setups and is updated daily.

Disclaimer

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.