PATRICK INDUSTRIES INC (PATK)
US7033431039 - Common Stock
We assign a technical rating of 8 out of 10 to PATK. In the last year, PATK was one of the better performers, but we do observe some doubts in the very recent evolution.
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.
When comparing the yearly performance of all stocks, we notice that PATK is one of the better performing stocks in the market, outperforming 84% of all stocks. We also observe that the gains produced by PATK over the past year are nicely spread over this period.
PATK is part of the Automobile Components industry. There are 82 other stocks in this industry. PATK outperforms 90% of them.
PATK is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so PATK is lagging the market slightly.
In the last month PATK has a been trading in the 114.68 - 139.82 range, which is quite wide. It is currently trading near the high of this range.
PATK has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. We notice that large players showed an interest for PATK in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
101.61
148.44
We found 4 important support areas.
- A support zone ranging from 128.89 to 130.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 115.13 to 118.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @109.15 from a trend line in the daily time frame.
- Support @102.64 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 146.96 to 146.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.07
Mansfield0.29
10 Day High134.33
10 Day Low124.33
20 Day High139.82
20 Day Low114.68
52 Week High148.35
52 Week Low80.62
Performance
1 Week1.6%
2 Weeks5.13%
1 Month-1.45%
3 Month0.21%
6 Month17.94%
12 Month57.11%
2 Year138.26%
3 Year67.06%
5 Year169.1%
10 Year908.64%
15 Year21015.1%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.89
RSI(14)52.23
LBB118.03
UBB138.45
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 134.34 | 128.88 | 5.46 (4.07%) | 24.60% |
| An entry @134.34. This is a Buy Stop order right above the 10 day high. | An exit @128.88. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 5.46 points, which is 4.07%. | For a 1.00% total portfolio risk, you can invest 24.60% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of PATK. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
PATRICK INDUSTRIES INC
NASDAQ:PATK (11/21/2024, 8:00:02 PM)
After market: 133.26 0 (0%)133.26
+2.48 (+1.9%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryAutomobile Components
Performance
% Chg1.9%
1 Week1.6%
2 Weeks5.13%
1 Month-1.45%
3 Month0.21%
6 Month17.94%
12 Month57.11%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)5
ATR(20)%4.08%
ATR Inc
Range Today3.8
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High134.33
10 Day Low124.33
20 Day High139.82
20 Day Low114.68
52 Week High148.35
52 Week Low80.62
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume278.80K
Volume Incr-3.39%
Vol(5)284.44K
Vol(50)247.56K