PATTERN GROUP INC-CL A (PTRN) Stock Technical Analysis
USA - NASDAQ:PTRN - US70339W1045 - Common Stock
We assign a technical rating of 4 out of 10 to PTRN. PTRN has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
PTRN has an average technical rating and it also does not offer a high 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
16.35
When analyzing the support we notice one important area.
- Support @16.52 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 18.07 to 18.19. 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 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). |
| Relative Strength Index/RSI (14) | 58.22 | NEUTRAL | The RSI value for PTRN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.24 | NEGATIVE | The MACD value suggests PTRN has a negative trend. |
| Stochastics (14,3) | 70.16 | NEUTRAL | The Stochastics value for PTRN is a neutral value. |
| Average True Range in percent/ATR (20) | 7.48 | HIGH VOLATILITY | The high ATR as a percentage value for PTRN suggests high volalility. |
| Average Directional Index/ADX (14) | 41.47 | POSITIVE | The high ADX value value for PTRN suggests a strong trend. |
17.09
-1.1 (-6.05%)
PATTERN GROUP INC-CL A / PTRN FAQ
What is the technical rating for PTRN stock?
ChartMill assigns a technical rating of 4 / 10 to PTRN.
What is the current trend direction of PATTERN GROUP INC-CL A (PTRN) stock?
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 58.2233. This indicates that the stock is currently neutral.
What is the MACD signal for PTRN stock?
The MACD indicator for PATTERN GROUP INC-CL A (PTRN) has a value of -0.237787, indicating a bearish trend.
Can you provide the short term momentum for PATTERN GROUP INC-CL A?
The short term momentum for PATTERN GROUP INC-CL A (PTRN) is positive.