PATTERN GROUP INC-CL A (PTRN) Technical Analysis
NASDAQ:PTRN • US70339W1045
Current stock price
PTRN Technical Rating and Analysis
We assign a technical rating of 2 out of 10 to PTRN. In the last year, PTRN was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
- 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 100% are performing better than PTRN.
- PTRN has an average volume of 1123480 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- In the last month PTRN has a been trading in the 8.92 - 12.57 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Considerably lower volume is observed in the last couple of days.
PTRN Weekly and Daily overview Charts
PTRN Setup Rating and Analysis
PTRN has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
PTRN Support and Resistance Analysis
10.56
When analyzing the support we notice one important area.
- Support @10.67 from a trend line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 11.36 to 11.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 12.28 to 12.43. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @14.28 from a trend line in the daily time frame.
PTRN Technical Indicator Signal Analysis
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 | 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) | UP | POSITIVE | The current price of PTRN is above the rising 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) | 47.33 | NEUTRAL | The RSI value for PTRN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests PTRN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 63.19 | NEUTRAL | The Stochastics value for PTRN is a neutral value. |
| Average True Range in percent/ATR (20) | 8.19 | HIGH VOLATILITY | The high ATR as a percentage value for PTRN suggests high volalility. |
| Average Directional Index/ADX (14) | 17.5 | NEGATIVE | The low ADX value for PTRN suggests a weak or negative trend. |
PTRN Chart- and CandleStick Pattern Analysis
PTRN Technicals: Chart, Performance Metrics, Trend & Indicators
11.17
-0.12 (-1.06%)
PATTERN GROUP INC-CL A / PTRN TA FAQ
Can you provide the ChartMill technical rating for PATTERN GROUP INC-CL A?
ChartMill assigns a technical rating of 2 / 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 47.332. 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 hold as the short term and long term trends are mixed.
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 10.67 and a resistance level at 11.36. Check the full technical report for our detailed analysis of PTRN support and resistance levels.