PATRIA INVESTMENTS LTD-A (PAX) Stock Technical Analysis
NASDAQ:PAX - KYG694511059 - Common Stock
13.54 USD
+0.07 (+0.52%)
13.6 USD
+0.06 (+0.44%)
Overall PAX gets a technical rating of 6 out of 10. In the last year, PAX was one of the better performers, but we do observe some doubts in the very recent evolution.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
Looking at the yearly performance, PAX did better than 70% of all other stocks.
PAX 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 PAX is lagging the market slightly.
PAX is an average performer in the Capital Markets industry, it outperforms 68% of 238 stocks in the same industry.
In the last month PAX has a been trading in the 12.91 - 14.03 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
PAX has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 13.55. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 13.38, a Stop Loss order could be placed below this zone.
More info and screens
12.60
14.65
When analyzing the support we can see 3 important areas.
- A support zone ranging from 13.33 to 13.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @13.09 from a horizontal line in the daily time frame.
- Support @12.73 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 13.55 to 13.71. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @14.11 from a horizontal line in the daily time frame.
- A resistance zone ranging from 14.37 to 14.50. 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 PAX is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for PAX is neutral. |
| ChartMill Relative Strength | 70.17 | POSITIVE | PAX has a high relative strength, it outperformed 70.17% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of PAX is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PAX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PAX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.14 | NEUTRAL | The RSI value for PAX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests PAX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 50.6 | NEUTRAL | The Stochastics value for PAX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.16 | MEDIUM VOLATILITY | The ATR as a percentage value for PAX suggests some volalility. |
| Average Directional Index/ADX (14) | 14.65 | NEGATIVE | The low ADX value for PAX suggests a weak or negative 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 |
|---|---|---|---|
| 13.72 | 13.32 | 0.40 (2.92%) | 25.00% |
| An entry @13.72. This is a Buy Stop order right above the resistance zone. | An exit @13.32. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.40 points, which is 2.92%. | For a 0.73% 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 PAX. 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.
13.54
+0.07 (+0.52%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg0.52%
1 Week0.89%
2 Weeks-1.6%
1 Month1.5%
3 Month6.28%
6 Month19.51%
12 Month17.53%
2 Year-6.1%
3 Year-6.3%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.29
ATR(20)%2.16%
ATR Inc-27.63%
Range Today0.18
ADR(20)0.28
ADR(20)%2.05%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS70.17
Mansfield0.25
10 Day High13.78
10 Day Low12.91
20 Day High14.03
20 Day Low12.91
52 Week High14.52
52 Week Low9.43
CS1 End13.38
CR1 Start13.55
Volume & EV
DER(3)1.89%
DER(5)0.8%
Volume667.10K
Volume Incr27.1%
Vol(5)615.18K
Vol(50)496.99K