PATRICK INDUSTRIES INC (PATK) Stock Technical Analysis
USA - NASDAQ:PATK - US7033431039 - Common Stock
110.37 USD
-3.44 (-3.02%)
110.37 USD
0 (0%)
Taking everything into account, PATK scores 8 out of 10 in our technical rating. Both in the recent history as in the last year, PATK has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
PATK is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so PATK is lagging the market slightly.
PATK is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
Looking at the yearly performance, PATK did better than 80% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
PATK is an average performer in the Automobile Components industry, it outperforms 68% of 80 stocks in the same industry.
PATK has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 110.36, a Stop Loss order could be placed below this zone.
More info and screens
76.41
117.20
4 important support areas can be observed.
- A support zone ranging from 110.36 to 110.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @107.94 from a trend line in the daily time frame.
- Support @83.86 from a trend line in the weekly time frame.
- Support @77.18 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 112.35 to 114.07. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- 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 | 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 | 80.64 | POSITIVE | PATK has a high relative strength, it outperformed 80.64% off all stocks 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) | 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) | 50.97 | NEUTRAL | The RSI value for PATK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.73 | NEGATIVE | The MACD value suggests PATK has a negative trend. |
| Stochastics (14,3) | 36.78 | NEUTRAL | The Stochastics value for PATK is a neutral value. |
| Average True Range in percent/ATR (20) | 2.53 | MEDIUM VOLATILITY | The ATR as a percentage value for PATK suggests some volalility. |
| Average Directional Index/ADX (14) | 22.66 | NEUTRAL | The ADX value for PATK suggests a possible start of a new 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)
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 |
|---|---|---|---|
| 114.08 | 110.35 | 3.73 (3.27%) | 25.00% |
| An entry @114.08. This is a Buy Stop order right above the resistance zone. | An exit @110.35. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.73 points, which is 3.27%. | For a 0.82% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of PATK. Please evaluate whether better entry and exit points can be found.
- 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.
110.37
-3.44 (-3.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobile Components
Performance
% Chg-3.02%
1 Week-2.81%
2 Weeks-1.87%
1 Month-1.9%
3 Month22.74%
6 Month28.79%
12 Month22.33%
2 Year120.56%
3 Year277.63%
5 Year187.82%
10 Year528.85%
15 Year26132.3%
Volatility
ATR(14)2.74
ATR(20)%2.53%
ATR Inc6.55%
Range Today3.62
ADR(20)2.72
ADR(20)%2.47%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.64
Mansfield0.88
10 Day High116.22
10 Day Low109.27
20 Day High116.78
20 Day Low109
52 Week High116.78
52 Week Low72.99
CS1 End110.36
CR1 Start112.35
Volume & EV
DER(3)-1.1%
DER(5)-0.99%
Volume136.90K
Volume Incr-46.48%
Vol(5)175.76K
Vol(50)301.59K