PATRIA INVESTMENTS LTD-A (PAX) Stock Technical Analysis
NASDAQ:PAX - Nasdaq - KYG694511059 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to PAX. In the last year, PAX was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
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.
In the last month PAX has a been trading in the 12.68 - 14.44 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
When comparing the yearly performance of all stocks, we notice that PAX is one of the better performing stocks in the market, outperforming 78% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
PAX is part of the Capital Markets industry. There are 237 other stocks in this industry, PAX did better than 69% of them.
Although the technical rating is only medium, PAX does present a nice setup opportunity. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 14.41. Right above this resistance zone may be a good entry point.
More info and screens
13.18
14.65
We found 2 important support areas.
- A support zone ranging from 13.65 to 13.77. 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 13.31 to 13.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 14.41 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 | 78.8 | POSITIVE | PAX has a high relative strength, it outperformed 78.8% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of PAX is above a declining 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) | 52.48 | NEUTRAL | The RSI value for PAX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests PAX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 55.78 | NEUTRAL | The Stochastics value for PAX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.64 | MEDIUM VOLATILITY | The ATR as a percentage value for PAX suggests some volalility. |
| Average Directional Index/ADX (14) | 19.63 | 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 |
|---|---|---|---|
| 14.51 | 13.64 | 0.87 (6.00%) | 16.68% |
| An entry @14.51. This is a Buy Stop order right above the resistance zone. | An exit @13.64. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.87 points, which is 6.00%. | For a 1.00% total portfolio risk, you can invest 16.68% of your capital in this trade. |
- 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.
13.84
+0.04 (+0.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg0.29%
1 Week-1.56%
2 Weeks2.67%
1 Month-2.4%
3 Month17.89%
6 Month17.49%
12 Month19.57%
2 Year-4.02%
3 Year-4.22%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.42
ATR(20)%2.64%
ATR Inc18.3%
Range Today0.33
ADR(20)0.33
ADR(20)%2.38%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS78.8
Mansfield0.75
10 Day High14.26
10 Day Low12.68
20 Day High14.44
20 Day Low12.68
52 Week High14.52
52 Week Low9.43
CS1 End13.77
CR1 Start14.41
Volume & EV
DER(3)-0.23%
DER(5)-1.23%
Volume572.30K
Volume Incr56.72%
Vol(5)705.70K
Vol(50)572.57K