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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 153634

Date Daily Closing Price Open High Low Volume
16 Thu May 2024 112.49 115.46 115.60 111.83 0.782 times
15 Wed May 2024 115.37 117.76 117.94 114.32 0.823 times
14 Tue May 2024 116.37 114.40 117.75 113.32 1.17 times
13 Mon May 2024 113.00 115.91 115.99 112.53 0.875 times
10 Fri May 2024 114.88 115.60 115.99 113.46 0.622 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 114.4 as stoploss in an intra day sell trade for a target of 110.02. However, stock will show a bullish move above 114.4.

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
Downside Target 111.83
Upside Target 113.24
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 110.23
Downside Intraday Target 107.98
Upside Intraday Target 116.34
Upside Intraday Target 120.2
Upside Intraday Target 114.09

Weekly technical analysis of Patrick Industries (PATK)

Date Weekly Closing Price Open High Low Volume
16 Thu May 2024 112.49 115.91 117.94 111.83 0.753 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
19 Fri Apr 2024 103.40 107.89 108.99 101.86 0.951 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
16 Thu May 2024 112.49 105.13 117.94 101.76 0.754 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 22, 20, 4 Buy
MACD 2, 2Buy
Stochastics 73Buy
CCI -48Sell
RSI 52Buy
OBV 814661Sell
VWAP 114Sell
ADL 0Sell
ROC 2Buy
Force Index 0Sell

Price action analysis of Patrick Industries ( (PATK) ) based on a short 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 short 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 short to mid 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.

Price action analysis of Patrick Industries ( (PATK) ) based on a mid to longer 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.

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

MACD generated a BUY signal for Patrick Industries in short term and the buy signal is strong.

Patrick Industries Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

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

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 negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 113.91 and Patrick Industries (PATK) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

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 is giving positive returns over a short term period. Returns for a longer term period have been negative.

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

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