PATTERN GROUP INC-CL A (PTRN) Stock Technical Analysis
NASDAQ:PTRN • US70339W1045
Taking everything into account, PTRN scores 0 out of 10 in our technical rating. PTRN's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- 100% of all other stocks performed better in the past year than PTRN.
- PTRN is one of the lesser performing stocks in the Broadline Retail industry. 100% of 30 stocks in the same industry do better.
- In the last month PTRN has a been trading in the 8.92 - 16.28 range, which is quite wide. It is currently trading near the lows of this range.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
The technical rating of PTRN 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
10.60
When analyzing the resistance we notice one important area.
- Resistance @15.08 from a trend line in the daily time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for PTRN is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PTRN is down. |
| ChartMill Relative Strength | 0 | NEGATIVE | PTRN has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PTRN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of PTRN is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 42.04 | NEUTRAL | The RSI value for PTRN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests PTRN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 22.59 | NEUTRAL | The Stochastics value for PTRN is a neutral value. |
| Average True Range in percent/ATR (20) | 8.73 | HIGH VOLATILITY | The high ATR as a percentage value for PTRN suggests high volalility. |
| Average Directional Index/ADX (14) | 33.73 | POSITIVE | The high ADX value value for PTRN suggests a strong trend. |
10.71
+1.12 (+11.68%)
PATTERN GROUP INC-CL A / PTRN FAQ
Can you provide the ChartMill technical rating for PATTERN GROUP INC-CL A?
ChartMill assigns a technical rating of 0 / 10 to PTRN.
Can you provide the trend direction for PATTERN GROUP INC-CL A?
The current trend direction for PATTERN GROUP INC-CL A (PTRN) is Bearish.
What is the RSI signal for PATTERN GROUP INC-CL A (PTRN) stock?
PATTERN GROUP INC-CL A (PTRN) has an RSI value of 42.0366. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for PATTERN GROUP INC-CL A?
PATTERN GROUP INC-CL A (PTRN) has a resistance level at 15.08. Check the full technical report for our detailed analysis of PTRN support and resistance levels.