PATRICK INDUSTRIES INC.

- USD (-)

- 15 min delayed data - NASDAQ Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	PATK
ISIN:

PATRICK INDUSTRIES INC. - Daily - Technical analysis published on 08/21/2019 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Court terme: Strongly bearish

De fond: Strongly bearish

Technical indicators

22%

50%

28%

My opinion

Bearish under 40.13 USD

My targets

27.90 USD (-27.10%)

19.53 USD (-48.97%)

My analysis

All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on PATRICK INDUSTRIES INC. as long as the price remains well below 40.13 USD. The sellers” bearish objective is set at 27.90 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 19.53 USD. In case of crossing, the next objective would be the support located at 8.09 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Bastien Huneau. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The PATRICK INDUSTRIES INC. price is 38.27 USD. The price is lower by -2.84% since the last closing and was traded between 38.04 USD and 39.56 USD over the period. The price is currently at +0.60% from its lowest and -3.26% from its highest.

38.04

39.56

38.27

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this PATRICK INDUSTRIES INC. chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 5 are neutral and 9 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is under support 3

Type : Neutral

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	8.09	19.53	27.90	38.27	40.13	47.64	56.97
Change (%)	-78.86%	-48.97%	-27.10%	-	+4.86%	+24.48%	+48.86%
Change	-30.18	-18.74	-10.37	-	+1.86	+9.37	+18.70
Level	Minor	Intermediate	Major	-	Major	Intermediate	Major

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	37.92	38.47	38.93	39.47	39.93	40.48	40.94
Camarilla	39.11	39.21	39.30	39.39	39.48	39.57	39.67
Woodie	37.88	38.45	38.89	39.45	39.89	40.46	40.90
Fibonacci	38.47	38.85	39.09	39.47	39.86	40.09	40.48

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	30.34	33.63	36.18	39.47	42.02	45.31	47.86
Camarilla	37.11	37.65	38.19	38.72	39.26	39.79	40.33
Woodie	29.96	33.45	35.80	39.29	41.64	45.13	47.48
Fibonacci	33.63	35.86	37.24	39.47	41.70	43.08	45.31

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	33.64	37.82	41.85	46.03	50.06	54.24	58.27
Camarilla	43.61	44.37	45.12	45.87	46.62	47.38	48.13
Woodie	33.56	37.78	41.77	45.99	49.98	54.20	58.19
Fibonacci	37.82	40.96	42.90	46.03	49.17	51.11	54.24

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):	36.31
MACD (12,26,9):	-1.7800
Directional Movement:	-15.34
AROON (14):	-78.57
DEMA (21):	39.48
Parabolic SAR (0,02-0,02-0,2):	42.61
Elder Ray (13):	-1.81
Super Trend (3,10):	43.72
Zig ZAG (10):	38.27
VORTEX (21):	0.8300
Stochastique (14,3,5):	18.93
TEMA (21):	38.37
Williams %R (14):	-85.64
Chande Momentum Oscillator (20):	-5.75
Repulse (5,40,3):	-6.3400
ROCnROLL:	2
TRIX (15,9):	-0.4300
Courbe Coppock:	23.97

MA7:	39.15
MA20:	42.49
MA50:	44.67
MA100:	45.85
MAexp7:	39.42
MAexp20:	41.61
MAexp50:	43.58
MAexp100:	44.49
Price / MA7:	-2.25%
Price / MA20:	-9.93%
Price / MA50:	-14.33%
Price / MA100:	-16.53%
Price / MAexp7:	-2.92%
Price / MAexp20:	-8.03%
Price / MAexp50:	-12.18%
Price / MAexp100:	-13.98%

News

The last news published on PATRICK INDUSTRIES INC. at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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