Overall PAX gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, PAX is showing a nice and steady performance.
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 15.92, a Stop Loss order could be placed below this zone.
More info and screens
13.36
We found 4 important support areas.
- A support zone ranging from 15.72 to 15.92. 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 15.03 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 16.18 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 | 88.28 | POSITIVE | PAX has a high relative strength, it outperformed 88.28% 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) | 58.9 | NEUTRAL | The RSI value for PAX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests PAX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 64.82 | NEUTRAL | The Stochastics value for PAX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.26 | MEDIUM VOLATILITY | The ATR as a percentage value for PAX suggests some volalility. |
| Average Directional Index/ADX (14) | 24.2 | 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 | 15.71 | 0.48 (2.96%) | 25.00% |
| An entry @16.19. This is a Buy Stop order right above the resistance zone. | An exit @15.71. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.48 points, which is 2.96%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.74%. |
- 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.
15.92
-0.16 (-1%)
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 9 / 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 58.8961. 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 0.00373008, 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.