We assign a technical rating of 8 out of 10 to PDCO. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, PDCO is showing a nice and steady performance.
PDCO has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. 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. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
When analyzing the support we notice one important 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. |
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%)
PATTERSON COS INC / PDCO FAQ
What is the technical rating for PDCO stock?
ChartMill assigns a technical rating of 8 / 10 to PDCO.
What is the current trend direction of PATTERSON COS INC (PDCO) stock?
The current trend direction for PATTERSON COS INC (PDCO) is Bullish.
Can you provide the RSI signal for PATTERSON COS INC?
PATTERSON COS INC (PDCO) has an RSI value of 58.1817. This indicates that the stock is currently neutral.
What is the MACD signal for PDCO stock?
The MACD indicator for PATTERSON COS INC (PDCO) has a value of 0.0112821, indicating a bearish trend.
What is the buy/sell signal for PATTERSON COS INC (PDCO) stock?
The buy/sell signal for PATTERSON COS INC (PDCO) is buy as both the short term and long term trends are positive.