PATTERSON COS INC (PDCO) Stock Technical Analysis
NASDAQ:PDCO - Nasdaq - US7033951036 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to PDCO. Both in the recent history as in the last year, PDCO has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
PDCO is part of the Health Care Providers & Services industry. There are 102 other stocks in this industry. PDCO outperforms 74% of them.
PDCO is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so PDCO is leading the market.
PDCO has an average volume of 1730770 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, PDCO did better than 85% of all other stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
In the last month PDCO has a been trading in a tight range between 30.56 and 31.34.
Volume is considerably higher in the last couple of days.
PDCO has an excellent technical rating and 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 31.34. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 31.17, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
30.26
31.71
We found 1 important support area.
- A support zone ranging from 30.57 to 31.17. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 31.34 to 31.40. 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 PDCO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PDCO is up. |
| ChartMill Relative Strength | 85.96 | POSITIVE | PDCO has a high relative strength, it outperformed 85.96% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PDCO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PDCO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PDCO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.18 | NEUTRAL | The RSI value for PDCO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests PDCO has a positive trend. |
| Stochastics (14,3) | 98.72 | OVERBOUGHT | The high Stochastics value suggests PDCO may be overbought. |
| Average True Range in percent/ATR (20) | 0.53 | LOW VOLATILITY | The low ATR as a percentage value for PDCO suggests low volalility. |
| Average Directional Index/ADX (14) | 44.87 | POSITIVE | The high ADX value value for PDCO suggests a strong 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 |
|---|---|---|---|
| 31.41 | 30.55 | 0.86 (2.74%) | 25.00% |
| An entry @31.41. This is a Buy Stop order right above the resistance zone. | An exit @30.55. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.86 points, which is 2.74%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.68%. |
- 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.
31.33
+0.01 (+0.03%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Providers & Services
Performance
% Chg0.03%
1 Week0.35%
2 Weeks0.16%
1 Month0.42%
3 Month1.39%
6 Month46.81%
12 Month20.41%
2 Year15.57%
3 Year1.82%
5 Year71.39%
10 Year-33.28%
15 Year-1.97%
Volatility
ATR(14)0.22
ATR(20)%0.53%
ATR Inc-88.71%
Range Today0.02
ADR(20)0.14
ADR(20)%0.45%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.96
Mansfield2.72
10 Day High31.34
10 Day Low30.56
20 Day High31.34
20 Day Low30.56
52 Week High31.79
52 Week Low19.45
CS1 End31.17
CR1 Start31.34
Volume & EV
DER(3)1.25%
DER(5)1.27%
Volume9.36M
Volume Incr264.4%
Vol(5)5.49M
Vol(50)1.73M