PATRICK INDUSTRIES INC (PATK) Stock Technical Analysis
NASDAQ:PATK - Nasdaq - US7033431039 - Common Stock - Currency: USD
Overall PATK gets a technical rating of 6 out of 10. In the past year, PATK was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
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.
When compared to the yearly performance of all other stocks, PATK outperforms 63% of them, which is more or less in line with the market.
PATK is an average performer in the Automobile Components industry, it outperforms 65% of 81 stocks in the same industry.
PATK is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so PATK is lagging the market slightly.
PATK has an average technical rating and also the quality of the setup is only medium 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
98.96
We found 3 important support areas.
- A support zone ranging from 80.69 to 81.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @78.60 from a horizontal 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 84.94 to 88.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 97.97 to 97.98. 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 | UP | POSITIVE | The short term trend for PATK is up. |
| ChartMill Relative Strength | 63.74 | NEUTRAL | PATK is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of PATK is below 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 | MIXED | The current price of PATK is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.99 | NEUTRAL | The RSI value for PATK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests PATK has a negative trend. |
| Stochastics (14,3) | 51.59 | NEUTRAL | The Stochastics value for PATK is a neutral value. |
| Average True Range in percent/ATR (20) | 3.08 | MEDIUM VOLATILITY | The ATR as a percentage value for PATK suggests some volalility. |
| Average Directional Index/ADX (14) | 20.7 | 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)
NASDAQ:PATK (6/2/2025, 11:43:12 AM)
83.74
-2.12 (-2.47%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobile Components
Performance
% Chg-2.47%
1 Week-0.48%
2 Weeks-1.29%
1 Month5.25%
3 Month-5.23%
6 Month-4.17%
12 Month12.38%
2 Year96.54%
3 Year114.26%
5 Year148.29%
10 Year384.58%
15 Year17286.6%
Volatility
ATR(14)2.55
ATR(20)%3.08%
ATR Inc-43.75%
Range Today2.45
ADR(20)2.39
ADR(20)%2.86%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS63.74
Mansfield-0.26
10 Day High89.97
10 Day Low83.23
20 Day High89.97
20 Day Low79.22
52 Week High98.9
52 Week Low67.72
CS1 End81.77
CR1 Start85.87
Volume & EV
DER(3)-0.9%
DER(5)0.37%
Volume59.35K
Volume Incr-47.56%
Vol(5)203.62K
Vol(50)376.80K