Taking everything into account, PAX scores 9 out of 10 in our technical rating. 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 resistance zone just above the current price starting at 15.98. Right above this resistance zone may be a good entry point.
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13.36
When analyzing the support we can see 3 important areas.
- A support zone ranging from 15.06 to 15.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 14.26 to 14.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @13.49 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 15.98 to 16.18. 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 | UP | POSITIVE | The short term trend for PAX is up. |
| ChartMill Relative Strength | 88.46 | POSITIVE | PAX has a high relative strength, it outperformed 88.46% 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) | 58.07 | 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. |
| Stochastics (14,3) | 57.06 | NEUTRAL | The Stochastics value for PAX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.25 | MEDIUM VOLATILITY | The ATR as a percentage value for PAX suggests some volalility. |
| Average Directional Index/ADX (14) | 23.59 | NEUTRAL | The ADX value for PAX suggests a possible start of a new 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 |
|---|---|---|---|
| 16.19 | 15.29 | 0.90 (5.56%) | 17.99% |
| An entry @16.19. This is a Buy Stop order right above the resistance zone. | An exit @15.29. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.90 points, which is 5.56%. | When investing 17.99% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
15.89
-0.03 (-0.19%)
PATRIA INVESTMENTS LTD-A / PAX FAQ
What is the technical rating for PAX stock?
ChartMill assigns a technical rating of 9 / 10 to PAX.
What is the trend direction for PAX stock?
The current trend direction for PATRIA INVESTMENTS LTD-A (PAX) is Bullish.
What is the RSI signal for PATRIA INVESTMENTS LTD-A (PAX) stock?
PATRIA INVESTMENTS LTD-A (PAX) has an RSI value of 58.0703. 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 positive.
What are the support and resistance levels for PATRIA INVESTMENTS LTD-A (PAX) stock?
PATRIA INVESTMENTS LTD-A (PAX) has a support level at 15.2 and a resistance level at 15.98. Check the full technical report for our detailed analysis of PAX support and resistance levels.