PATRIA INVESTMENTS LTD-A (PAX) Stock Technical Analysis
USA - NASDAQ:PAX - KYG694511059 - Common Stock
Overall PAX gets a technical rating of 10 out of 10. Both in the recent history as in the last year, PAX has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, PAX also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 14.80, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
12.60
We found 5 important support areas.
- A support zone ranging from 14.35 to 14.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @14.03 from a trend line in the weekly time frame.
- A support zone ranging from 13.33 to 13.49. This zone is formed by a combination of multiple trend lines 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.
2 important resistance areas can be observed.
- Resistance @14.96 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 15.28 to 15.29. This zone is formed by a combination of multiple trend lines in the daily 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 PAX is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PAX is up. |
| ChartMill Relative Strength | 79.07 | POSITIVE | PAX has a high relative strength, it outperformed 79.07% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PAX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PAX is above the rising 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) | 53.84 | NEUTRAL | The RSI value for PAX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests PAX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 26.38 | NEUTRAL | The Stochastics value for PAX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.86 | MEDIUM VOLATILITY | The ATR as a percentage value for PAX suggests some volalility. |
| Average Directional Index/ADX (14) | 16.95 | NEGATIVE | The low ADX value for PAX suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 14.97 | 14.36 | 0.61 (4.07%) | 24.54% |
| An entry @14.97. This is a Buy Stop order right above the resistance zone. | An exit @14.36. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.61 points, which is 4.07%. | When investing 24.54% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
14.815
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PATRIA INVESTMENTS LTD-A / PAX FAQ
What is the ChartMill technical rating of PATRIA INVESTMENTS LTD-A (PAX) stock?
ChartMill assigns a technical rating of 10 / 10 to PAX.
Can you provide the trend direction for PATRIA INVESTMENTS LTD-A?
The current trend direction for PATRIA INVESTMENTS LTD-A (PAX) is Bullish.
Can you provide the RSI signal for PATRIA INVESTMENTS LTD-A?
PATRIA INVESTMENTS LTD-A (PAX) has an RSI value of 53.8401. This indicates that the stock is currently neutral.
What is the MACD signal for PATRIA INVESTMENTS LTD-A (PAX) stock?
The MACD indicator for PATRIA INVESTMENTS LTD-A (PAX) has a value of 0.0107746, indicating a bearish trend.
What is the short term momentum for PAX stock?
The short term momentum for PATRIA INVESTMENTS LTD-A (PAX) is positive.