PACCAR INC. - 1H - Technical analysis published on 07/22/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
33%
28%
39%
My opinion
Bullish above 82.81 USD
My targets
85.04 USD (+0.65%)
86.95 USD (+2.91%)
My analysis
PACCAR INC. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 82.81 USD. The next resistance located at 85.04 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 86.95 USD. After this resistance, buyers could then target 87.71 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
6.3
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
PACCAR INC. rating 84.49 USD. The price registered a decrease of -0.01% on the session and was between 84.23 USD and 85.20 USD. This implies that the price is at +0.31% from its lowest and at -0.83% from its highest.84.23
85.20
84.49
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by PACCAR INC.:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this PACCAR INC. chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : 1 hour
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Black hanging man / hammer
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 81.55 | 82.81 | 84.26 | 84.49 | 85.04 | 86.95 | 87.71 |
| Change (%) | -3.48% | -1.99% | -0.27% | - | +0.65% | +2.91% | +3.81% |
| Change | -2.94 | -1.68 | -0.23 | - | +0.55 | +2.46 | +3.22 |
| Level | Major | Major | Minor | - | Intermediate | Minor | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 82.38 | 83.03 | 83.76 | 84.41 | 85.14 | 85.79 | 86.52 |
| Camarilla | 84.12 | 84.25 | 84.37 | 84.50 | 84.63 | 84.75 | 84.88 |
| Woodie | 82.43 | 83.05 | 83.81 | 84.43 | 85.19 | 85.81 | 86.57 |
| Fibonacci | 83.03 | 83.55 | 83.88 | 84.41 | 84.93 | 85.26 | 85.79 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 73.03 | 75.02 | 77.53 | 79.52 | 82.03 | 84.02 | 86.53 |
| Camarilla | 78.81 | 79.23 | 79.64 | 80.05 | 80.46 | 80.88 | 81.29 |
| Woodie | 73.30 | 75.15 | 77.80 | 79.65 | 82.30 | 84.15 | 86.80 |
| Fibonacci | 75.02 | 76.74 | 77.80 | 79.52 | 81.24 | 82.30 | 84.02 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 69.32 | 74.94 | 78.64 | 84.26 | 87.96 | 93.58 | 97.28 |
| Camarilla | 79.78 | 80.63 | 81.49 | 82.34 | 83.19 | 84.05 | 84.90 |
| Woodie | 68.36 | 74.46 | 77.68 | 83.78 | 87.00 | 93.10 | 96.32 |
| Fibonacci | 74.94 | 78.50 | 80.70 | 84.26 | 87.82 | 90.02 | 93.58 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 58.00 | |
| MACD (12,26,9): | 0.6300 | |
| Directional Movement: | 8.45 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 85.11 | |
| Parabolic SAR (0,02-0,02-0,2): | 84.13 | |
| Elder Ray (13): | -0.09 | |
| Super Trend (3,10): | 83.15 | |
| Zig ZAG (10): | 84.39 | |
| VORTEX (21): | 1.0500 | |
| Stochastique (14,3,5): | 60.65 | |
| TEMA (21): | 84.99 | |
| Williams %R (14): | -52.29 | |
| Chande Momentum Oscillator (20): | -0.36 | |
| Repulse (5,40,3): | -0.2700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1400 | |
| Courbe Coppock: | 0.92 |
| MA7: | 82.40 | |
| MA20: | 82.09 | |
| MA50: | 83.57 | |
| MA100: | 84.78 | |
| MAexp7: | 84.61 | |
| MAexp20: | 84.17 | |
| MAexp50: | 82.94 | |
| MAexp100: | 82.45 | |
| Price / MA7: | +2.54% | |
| Price / MA20: | +2.92% | |
| Price / MA50: | +1.10% | |
| Price / MA100: | -0.34% | |
| Price / MAexp7: | -0.14% | |
| Price / MAexp20: | +0.38% | |
| Price / MAexp50: | +1.87% | |
| Price / MAexp100: | +2.47% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
Don't forget to follow the news on PACCAR INC.. At the time of publication of this analysis, the latest news was as follows:
- PACCAR Declares Regular Quarterly Cash Dividend
- PACCAR Investor Conference
- PACCAR Declares Regular Quarterly Cash Dividend
- PACCAR Achieves Excellent Quarterly Revenues and Profits
- Dana Earns PACCAR Performance, Quality Awards
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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