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(PATK) Patrick Industries complete technical analysis [charts+indicators] | Buy/Sell Patrick Industries | (PATK) share price targets

Complete technical analysis of Patrick Industries (PATK) by charts plus indicators, forecast predictions and share price targets for Patrick Industries (PATK)

Patrick Industries trades in USA in Basic Industries sector.

10 day averaged volume of Patrick Industries is 116402

Date Daily Closing Price Open High Low Volume
23 Thu May 2024 110.89 111.01 111.59 108.99 0.929 times
22 Wed May 2024 110.60 111.54 112.30 109.71 0.984 times
21 Tue May 2024 112.09 111.62 112.69 111.49 0.515 times
20 Mon May 2024 112.85 111.37 113.41 111.37 0.899 times
17 Fri May 2024 111.39 112.77 112.77 110.42 1.035 times

My analysis of stock is bearish for shortterm, and stock might move down till 108 or till 103.7. Use a stoploss of 111.48 and if the stock hits stoploss, then it can shoot up till 115.01

Share price targets for Patrick Industries (PATK)

Target Type Value
Downside Target 91.01
Downside Target 99.43
Downside Target 101.76
Downside Target 108.14
Upside Target 113.24
Upside Target 113.41
Upside Target 115.99
Upside Target 117.94
Upside Target 120.49
Upside Target 120.97
Upside Target 123.58

Intraday share price targets for Patrick Industries (PATK)

Target Type Value
Downside Intraday Target 108.78
Downside Intraday Target 106.68
Upside Intraday Target 113.2
Upside Intraday Target 115.52
Upside Intraday Target 111.1

Weekly technical analysis of Patrick Industries (PATK)

Date Weekly Closing Price Open High Low Volume
23 Thu May 2024 110.89 111.37 113.41 108.99 0.568 times
17 Fri May 2024 111.39 115.91 117.94 110.42 0.914 times
10 Fri May 2024 114.88 112.46 115.99 112.07 0.692 times
03 Fri May 2024 111.13 105.93 113.24 101.76 2.022 times
26 Fri Apr 2024 105.49 103.65 109.32 102.98 0.906 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Patrick Industries (PATK)

Date Monthly Closing Price Open High Low Volume
23 Thu May 2024 110.89 105.13 117.94 101.76 0.935 times
30 Tue Apr 2024 104.49 119.42 120.97 101.86 0.541 times
28 Thu Mar 2024 119.47 119.77 123.58 108.14 1.539 times
29 Thu Feb 2024 119.94 100.68 120.49 99.43 1.354 times

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Patrick Industries (PATK)

Indicator Name Indicator Value Indicator Signal
ADX 17, 25, 19 Sell
MACD 1, 1Sell
Stochastics 18Sell
CCI -109Sell
RSI 51Buy
OBV 516582Sell
VWAP 113Sell
ADL 0Sell
ROC -4Sell
Force Index 0Sell

Price action analysis of Patrick Industries ( (PATK) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Patrick Industries ( (PATK) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Patrick Industries ( (PATK) ) based on a short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Patrick Industries ( (PATK) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Patrick Industries stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Patrick Industries in short term but the sell signal is initial and weak.

Patrick Industries Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a SELL signal for Patrick Industries in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Patrick Industries is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 113.22 and Patrick Industries (PATK) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Patrick Industries (PATK) stock. Volume based technical analysis of Patrick Industries (PATK) stock is negative.

Patrick Industries Stock has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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