We assign a technical rating of 4 out of 10 to PTRN. In the last year, PTRN was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- When comparing the yearly performance of all stocks, PTRN is a bad performer in the overall market: 100% of all stocks are doing better.
- PTRN is part of the Broadline Retail industry. There are 30 other stocks in this industry, of which 93% are performing better than PTRN.
- Both the short term and long term trends are positive. This is a very positive sign.
- In the last month PTRN has a been trading in the 11.21 - 16.30 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
PTRN has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
13.57
When analyzing the support we notice one important area.
- A support zone ranging from 13.71 to 13.96. This zone is formed by a combination of multiple trend lines and important moving averages 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 PTRN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PTRN is up. |
| 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) | UP | POSITIVE | The current price of PTRN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of PTRN is above a declining SMA(50). |
| Relative Strength Index/RSI (14) | 66.67 | NEUTRAL | The RSI value for PTRN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.27 | POSITIVE | The MACD value suggests PTRN has a positive trend. |
| Stochastics (14,3) | 85.36 | OVERBOUGHT | The high Stochastics value suggests PTRN may be overbought. |
| Average True Range in percent/ATR (20) | 6.21 | HIGH VOLATILITY | The high ATR as a percentage value for PTRN suggests high volalility. |
| Average Directional Index/ADX (14) | 24.74 | NEUTRAL | The ADX value for PTRN suggests a possible start of a new trend. |
16.06
+1.79 (+12.54%)
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 4 / 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 Bullish.
What is the RSI signal for PATTERN GROUP INC-CL A (PTRN) stock?
PATTERN GROUP INC-CL A (PTRN) has an RSI value of 66.6707. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for PATTERN GROUP INC-CL A?
The buy/sell signal for PATTERN GROUP INC-CL A (PTRN) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for PATTERN GROUP INC-CL A (PTRN) stock?
PATTERN GROUP INC-CL A (PTRN) has a support level at 13.96. Check the full technical report for our detailed analysis of PTRN support and resistance levels.