PATRICK INDUSTRIES INC (PATK) Stock Technical Analysis
USA - NASDAQ:PATK - US7033431039 - Common Stock
Overall PATK gets a technical rating of 6 out of 10. In the last year, PATK was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
PATK has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 104.19, a Stop Loss order could be placed below this zone.
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76.41
When analyzing the support we can see 4 important areas.
- A support zone ranging from 99.34 to 104.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 95.81 to 97.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @85.46 from a trend line in the weekly time frame.
- Support @77.18 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 116.04 to 116.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for PATK is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PATK is neutral. |
| ChartMill Relative Strength | 80.09 | POSITIVE | PATK has a high relative strength, it outperformed 80.09% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PATK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PATK is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PATK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.58 | NEUTRAL | The RSI value for PATK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.69 | POSITIVE | The MACD value suggests PATK has a positive trend. |
| Stochastics (14,3) | 57.24 | NEUTRAL | The Stochastics value for PATK is a neutral value. |
| Average True Range in percent/ATR (20) | 3.19 | MEDIUM VOLATILITY | The ATR as a percentage value for PATK suggests some volalility. |
| Average Directional Index/ADX (14) | 17.16 | NEGATIVE | The low ADX value for PATK suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 106.01 | 99.33 | 6.68 (6.30%) | 15.87% |
| An entry @106.01. This is a Buy Stop order right above the 10 day high. | An exit @99.33. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 6.68 points, which is 6.30%. | For a 1.00% total portfolio risk, you can invest 15.87% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
104.37
+3.54 (+3.51%)
PATRICK INDUSTRIES INC / PATK FAQ
Can you provide the ChartMill technical rating for PATRICK INDUSTRIES INC?
ChartMill assigns a technical rating of 6 / 10 to PATK.
Can you provide the trend direction for PATRICK INDUSTRIES INC?
The current trend direction for PATRICK INDUSTRIES INC (PATK) is Bearish.
What is the RSI signal for PATRICK INDUSTRIES INC (PATK) stock?
PATRICK INDUSTRIES INC (PATK) has an RSI value of 55.5786. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for PATRICK INDUSTRIES INC?
PATRICK INDUSTRIES INC (PATK) has a support level at 104.19 and a resistance level at 116.04. Check the full technical report for our detailed analysis of PATK support and resistance levels.