2 Levels of Resistance Loom for Struggling Pizza Stock

Pizza chain Papa John's International Inc (NASDAQ:PZZA) is up 0.6% trade at $35.44, eyeing a sixth-straight daily win. PZZA has slid 8% in 2026, and more losses could be in store as the equity approaches two key trendlines.

DPZ is testing overhead resistance at its 80-day moving average, an area that right now coincides with $36, both of which have rejected multiple breakout attempts in recent months.

Options traders have been extremely bullish as well. This is per the stock's 10-day call/put volume ratio of 38.39 at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), which sits higher than 95% of annual readings. Should this bullish attention begin to unwind, it could trigger more headwinds for the shares.