In our March 2 review of Domino's Pizza (DPZ) we saw a number of bearish clues. Tuesday, a fundamental analyst at Cowen cut their rating on DPZ to "market perform" due to a lower store growth forecast. Let's check the latest charts for a forecast.
In the daily bar chart of DPZ, below, we can see that prices have moved sharply lower this calendar year so far. Prices are trading below the negatively sloped 50-day moving average line. The slope of the 200-day line is also bearish.
The On-Balance-Volume (OBV) line shows a decline from August and only some stability in March -- not very convincing. The Moving Average Convergence Divergence (MACD) oscillator is still bearish but trying to reach the underside of the zero line.