PATTERSON METALS CORP (PAT.CA) Technical Analysis
TSX:PAT • CA70344Q1000
Overall PAT gets a technical rating of 0 out of 10. PAT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, PAT is a bad performer in the overall market: 99% of all stocks are doing better.
- PAT is one of the lesser performing stocks in the Aerospace & Defense industry. 75% of 13 stocks in the same industry do better.
- PAT is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so PAT is lagging the market.
- In the last month PAT has a been trading in the 0.35 - 0.46 range, which is quite wide. It is currently trading near the lows of this range.
- Warning: PAT has an average volume of 8741 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, PAT does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 0.40. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for PAT in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
0.34
When analyzing the support we can see 2 important areas.
- Support @0.35 from a horizontal line in the daily time frame.
- Support @0.34 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 0.40 to 0.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @0.66 from a trend line in the weekly time frame.
- Resistance @0.72 from a trend line in the daily time frame.
- Resistance @0.74 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for PAT.CA is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PAT.CA is down. |
| ChartMill Relative Strength | 1.88 | NEGATIVE | PAT.CA has a low relative strength, it was outperformed by 98.12% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PAT.CA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PAT.CA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of PAT.CA is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.95 | NEUTRAL | The RSI value for PAT.CA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests PAT.CA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 23.81 | NEUTRAL | The Stochastics value for PAT.CA is a neutral value. |
| Average True Range in percent/ATR (20) | 7.27 | HIGH VOLATILITY | The high ATR as a percentage value for PAT.CA suggests high volalility. |
| Average Directional Index/ADX (14) | 13.84 | NEGATIVE | The low ADX value for PAT.CA suggests a weak or negative trend. |
PAT.CA Technicals: Chart, Performance Metrics, Trend & Indicators
TSX:PAT (3/9/2026, 7:00:00 PM)
0.385
+0.01 (+1.32%)
PATTERSON METALS CORP / PAT.CA FAQ
What is the ChartMill technical rating of PATTERSON METALS CORP (PAT.CA) stock?
ChartMill assigns a technical rating of 0 / 10 to PAT.CA.
What is the current trend direction of PATTERSON METALS CORP (PAT.CA) stock?
The current trend direction for PATTERSON METALS CORP (PAT.CA) is Bearish.
What is the RSI signal for PAT stock?
PATTERSON METALS CORP (PAT.CA) has an RSI value of 47.9467. This indicates that the stock is currently neutral.
What is the buy/sell signal for PAT stock?
The buy/sell signal for PATTERSON METALS CORP (PAT.CA) is sell as both the short term and long term trends are negative.
What are the support and resistance levels for PATTERSON METALS CORP (PAT.CA) stock?
PATTERSON METALS CORP (PAT.CA) has a support level at 0.35 and a resistance level at 0.4. Check the full technical report for our detailed analysis of PAT.CA support and resistance levels.