Taking everything into account, PAX scores 2 out of 10 in our technical rating. PAX has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- In the last month PAX has a been trading in the 13.70 - 17.77 range, which is quite wide. It is currently trading near the lows of this range.
- PAX is one of the better performing stocks in the Capital Markets industry, it outperforms 75% of 238 stocks in the same industry.
- When comparing the performance of all stocks over the past year, PAX turns out to be only a medium performer in the overall market: it outperformed 57% of all stocks.
- PAX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so PAX is lagging the market.
- Volume is considerably higher in the last couple of days.
The technical rating of PAX is bad and it also does not present a quality setup 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
13.60
When analyzing the support we can see 2 important areas.
- Support @14.15 from a horizontal line in the weekly time frame.
- Support @13.74 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 14.58 to 14.64. This zone is formed by a combination of multiple trend lines and important moving averages 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 | DOWN | NEGATIVE | The long term trend for PAX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PAX is down. |
| ChartMill Relative Strength | 57.55 | NEUTRAL | PAX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PAX is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of PAX is below 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) | 38.25 | NEUTRAL | The RSI value for PAX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.25 | NEGATIVE | The MACD value suggests PAX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 11.85 | OVERSOLD | The low Stochastics value suggests PAX may be oversold. |
| Average True Range in percent/ATR (20) | 3.96 | MEDIUM VOLATILITY | The ATR as a percentage value for PAX suggests some volalility. |
| Average Directional Index/ADX (14) | 33.74 | POSITIVE | The high ADX value value for PAX suggests a strong trend. |
14.57
+0.41 (+2.9%)
PATRIA INVESTMENTS LTD-A / PAX FAQ
What is the technical rating for PAX stock?
ChartMill assigns a technical rating of 2 / 10 to PAX.
What is the trend direction for PAX stock?
The current trend direction for PATRIA INVESTMENTS LTD-A (PAX) is Bearish.
What is the RSI signal for PATRIA INVESTMENTS LTD-A (PAX) stock?
PATRIA INVESTMENTS LTD-A (PAX) has an RSI value of 38.2453. This indicates that the stock is currently neutral.
Can you provide the short term momentum for PATRIA INVESTMENTS LTD-A?
The short term momentum for PATRIA INVESTMENTS LTD-A (PAX) is negative.
What are the support and resistance levels for PATRIA INVESTMENTS LTD-A (PAX) stock?
PATRIA INVESTMENTS LTD-A (PAX) has a support level at 14.15 and a resistance level at 14.58. Check the full technical report for our detailed analysis of PAX support and resistance levels.