PATRICK INDUSTRIES INC (PATK) Stock Technical Analysis
NASDAQ:PATK - Nasdaq - US7033431039 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to PATK. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, PATK is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that PATK is one of the better performing stocks in the market, outperforming 87% of all stocks.
PATK is part of the Automobile Components industry. There are 80 other stocks in this industry. PATK outperforms 79% of them.
PATK is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month PATK has a been trading in the 94.70 - 114.26 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although PATK has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
76.41
113.25
When analyzing the support we can see 7 important areas.
- A support zone ranging from 101.17 to 102.35. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 95.81 to 97.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @94.25 from a trend line in the daily time frame.
- Support @88.30 from a horizontal line in the daily time frame.
- Support @86.12 from a trend line in the weekly time frame.
- Support @82.94 from a trend line in the weekly time frame.
- Support @77.18 from a horizontal line in the weekly 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 | UP | POSITIVE | The long term trend for PATK is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PATK is up. |
| ChartMill Relative Strength | 87.21 | POSITIVE | PATK has a high relative strength, it outperformed 87.21% 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) | UP | POSITIVE | The current price of PATK is above the rising 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) | 70.81 | OVERBOUGHT | The high RSI value suggests PATK may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.15 | POSITIVE | The MACD value suggests PATK has a positive trend. |
| Stochastics (14,3) | 92.73 | OVERBOUGHT | The high Stochastics value suggests PATK may be overbought. |
| Average True Range in percent/ATR (20) | 3.2 | MEDIUM VOLATILITY | The ATR as a percentage value for PATK suggests some volalility. |
| Average Directional Index/ADX (14) | 25.02 | POSITIVE | The high ADX value value for PATK suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
112.13
-0.38 (-0.34%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobile Components
Performance
% Chg-0.34%
1 Week11.72%
2 Weeks14.37%
1 Month17.03%
3 Month26.66%
6 Month17.09%
12 Month33.54%
2 Year101.09%
3 Year217.53%
5 Year199.23%
10 Year567.62%
15 Year26931.3%
Volatility
ATR(14)4.03
ATR(20)%3.2%
ATR Inc14.96%
Range Today1.98
ADR(20)3.57
ADR(20)%3.18%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.21
Mansfield1.39
10 Day High114.26
10 Day Low97
20 Day High114.26
20 Day Low94.7
52 Week High114.26
52 Week Low72.99
CS1 End102.35
CR1 StartN/A
Volume & EV
DER(3)1.07%
DER(5)1.9%
Volume889.10K
Volume Incr77%
Vol(5)574.70K
Vol(50)339.74K