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 6 out of 10 to PTRN. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, PTRN is a bad performer.
- 100% of all other stocks performed better in the past year than PTRN.
- PTRN is part of the Broadline Retail industry. There are 30 other stocks in this industry, of which 96% are performing better than PTRN.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- PTRN is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
PTRN Weekly and Daily overview Charts
PTRN Setup Rating and Analysis
PTRN has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 13.24, a Stop Loss order could be placed below this zone.
More info and screens
PTRN Support and Resistance Analysis
13.04
When analyzing the support we notice one important area.
- A support zone ranging from 13.17 to 13.24. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 13.51 to 13.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @13.79 from a horizontal 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 | NEUTRAL | NEUTRAL | The short term trend for PTRN is neutral. |
| 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) | UP | POSITIVE | The current price of PTRN is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 57.47 | NEUTRAL | The RSI value for PTRN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests PTRN has a negative trend. |
| Stochastics (14,3) | 69.88 | NEUTRAL | The Stochastics value for PTRN is a neutral value. |
| Average True Range in percent/ATR (20) | 4.65 | MEDIUM VOLATILITY | The ATR as a percentage value for PTRN suggests some volalility. |
| Average Directional Index/ADX (14) | 7.94 | 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
13.47
-0.17 (-1.25%)
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 6 / 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.
Can you provide the RSI signal for PATTERN GROUP INC-CL A?
PATTERN GROUP INC-CL A (PTRN) has an RSI value of 57.4672. This indicates that the stock is currently neutral.
What is the short term momentum for PATTERN GROUP INC-CL A (PTRN) stock?
The short term momentum for PATTERN GROUP INC-CL A (PTRN) is neutral.