Papa John's International Inc

PZZA remains entrenched in a Stage 4 decline with a confirmed sequence of lower highs and lower lows. The active Lower Highs & Lower Lows pattern and price trading below the downward-sloping 9/21/50 EMAs reinforce a bearish medium-term bias. In the short term, lack of clear bounce or oversold exhaustion suggests deferring execution and trimming positions into rallies up into EMA resistance zones.

• ↑Launched Pan Pizza and oven-toasted sandwiches to boost sales.
• ↑International comps rose 3.6%, led by Europe and Asia-Pacific.
• ↓North America comps fell mid-single digits, signaling weak demand.