PATRICK INDUSTRIES INC (PATK) Technical Analysis
NASDAQ:PATK • US7033431039
Current stock price
PATK Technical Rating and Analysis
We assign a technical rating of 2 out of 10 to PATK. PATK has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- When compared to the yearly performance of all other stocks, PATK outperforms 65% of them, which is more or less in line with the market.
- PATK is an average performer in the Automobile Components industry, it outperforms 53% of 42 stocks in the same industry.
- PATK is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PATK is lagging the market.
- In the last month PATK has a been trading in the 105.48 - 121.39 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
PATK Weekly and Daily overview Charts
PATK Setup Rating and Analysis
PATK has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 116.96. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 109.08, a Stop Loss order could be placed below this zone.
More info and screens
PATK Support and Resistance Analysis
90.03
We found 3 important support areas.
- A support zone ranging from 105.70 to 109.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @95.81 from a horizontal line in the daily time frame.
- Support @90.94 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 116.96 to 119.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 121.09 to 122.63. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
PATK Technical Indicator Signal Analysis
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 | 65.5 | NEUTRAL | PATK is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PATK is below a declining 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) | 44.52 | NEUTRAL | The RSI value for PATK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.16 | POSITIVE | The MACD value suggests PATK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 66.58 | NEUTRAL | The Stochastics value for PATK is a neutral value. |
| Average True Range in percent/ATR (20) | 4.04 | MEDIUM VOLATILITY | The ATR as a percentage value for PATK suggests some volalility. |
| Average Directional Index/ADX (14) | 23.29 | NEUTRAL | The ADX value for PATK suggests a possible start of a new trend. |
PATK Chart- and CandleStick Pattern Analysis
PATK Technicals: Chart, Performance Metrics, Trend & Indicators
112.01
-5.59 (-4.75%)
PATRICK INDUSTRIES INC / PATK TA FAQ
Can you provide the ChartMill technical rating for PATRICK INDUSTRIES INC?
ChartMill assigns a technical rating of 2 / 10 to PATK.
What is the current trend direction of PATRICK INDUSTRIES INC (PATK) stock?
The current trend direction for PATRICK INDUSTRIES INC (PATK) is Bearish.
Can you provide the RSI signal for PATRICK INDUSTRIES INC?
PATRICK INDUSTRIES INC (PATK) has an RSI value of 44.5171. This indicates that the stock is currently neutral.
Can you provide the short term momentum for PATRICK INDUSTRIES INC?
The short term momentum for PATRICK INDUSTRIES INC (PATK) is neutral.