PATTERSON COMPANIES INC. - Daily - Technical analysis published on 10/01/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Bullish
De fond:
Bearish
Technical indicators
39%
28%
33%
My opinion
Bearish under 19.34 USD
My targets
17.49 USD (-3.00%)
16.37 USD (-9.21%)
My analysis
In a bearish trend, the price of PATTERSON COMPANIES INC. tries to inflate a little with a slight short-term rebound. At this stage, no trend reversal is in sight. Globally, sellers have the upper hand. Traders may allow themselves to trade short positions (for sale) as long as the price remains below the resistance located at 19.34 USD. A bearish break in the support located at 17.49 USD would revive the bearish momentum and fuel the basic trend. Then the price could move towards 16.37 USD. PS: if there is a bullish break in the resistance located at 19.34 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bullish in the short term and the bearish trend would certainly be mitigated.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
FORCE
0
10
1.1
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
PATTERSON COMPANIES INC. rating 18.03 USD. On the day, this instrument gained +1.18% and was traded between 17.84 USD and 18.03 USD over the period. The price is currently at +1.07% from its lowest and 0% from its highest.17.84
18.03
18.03
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of PATTERSON COMPANIES INC. in Daily shows an overall bearish trend. 67.86% of the signals given by moving averages are bearish. Caution: the slightly bullish signals currently given by short-term moving averages show a possible weakening of the global trend. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : Daily
In fact, of the 18 technical indicators analysed by Central Analyzer, 7 are bullish, 6 are neutral and 5 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 16.37 | 17.49 | 18.03 | 19.34 | 21.01 | 23.06 |
| Change (%) | -9.21% | -3.00% | - | +7.27% | +16.53% | +27.90% |
| Change | -1.66 | -0.54 | - | +1.31 | +2.98 | +5.03 |
| Level | Major | Minor | - | Major | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 17.42 | 17.56 | 17.69 | 17.83 | 17.96 | 18.10 | 18.23 |
| Camarilla | 17.75 | 17.77 | 17.80 | 17.82 | 17.85 | 17.87 | 17.89 |
| Woodie | 16.93 | 17.19 | 17.47 | 17.73 | 18.01 | 18.27 | 18.55 |
| Fibonacci | 17.19 | 17.39 | 17.52 | 17.73 | 17.93 | 18.06 | 18.27 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 16.17 | 16.59 | 17.16 | 17.58 | 18.15 | 18.57 | 19.14 |
| Camarilla | 17.47 | 17.56 | 17.65 | 17.74 | 17.83 | 17.92 | 18.01 |
| Woodie | 16.26 | 16.63 | 17.25 | 17.62 | 18.24 | 18.61 | 19.23 |
| Fibonacci | 16.59 | 16.97 | 17.20 | 17.58 | 17.96 | 18.19 | 18.57 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.76 | 13.25 | 14.98 | 17.47 | 19.20 | 21.69 | 23.42 |
| Camarilla | 15.56 | 15.95 | 16.33 | 16.72 | 17.11 | 17.49 | 17.88 |
| Woodie | 10.39 | 13.06 | 14.61 | 17.28 | 18.83 | 21.50 | 23.05 |
| Fibonacci | 14.59 | 15.71 | 16.40 | 17.53 | 18.65 | 20.08 | 21.69 |
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): | 53.78 | |
| MACD (12,26,9): | -0.0100 | |
| Directional Movement: | 4.85 | |
| AROON (14): | -64.28 | |
| DEMA (21): | 17.46 | |
| Parabolic SAR (0,02-0,02-0,2): | 18.45 | |
| Elder Ray (13): | 0.25 | |
| Super Trend (3,10): | 16.50 | |
| Zig ZAG (10): | 17.82 | |
| VORTEX (21): | 1.1400 | |
| Stochastique (14,3,5): | 39.12 | |
| TEMA (21): | 17.82 | |
| Williams %R (14): | -55.68 | |
| Chande Momentum Oscillator (20): | -0.58 | |
| Repulse (5,40,3): | 0.2700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0600 | |
| Courbe Coppock: | 3.97 |
| MA7: | 17.52 | |
| MA20: | 17.59 | |
| MA50: | 17.81 | |
| MA100: | 19.99 | |
| MAexp7: | 17.62 | |
| MAexp20: | 17.61 | |
| MAexp50: | 18.20 | |
| MAexp100: | 19.33 | |
| Price / MA7: | +2.91% | |
| Price / MA20: | +2.50% | |
| Price / MA50: | +1.24% | |
| Price / MA100: | -9.80% | |
| Price / MAexp7: | +2.33% | |
| Price / MAexp20: | +2.39% | |
| Price / MAexp50: | -0.93% | |
| Price / MAexp100: | -6.73% |
News
The last news published on PATTERSON COMPANIES INC. at the time of the generation of this analysis was as follows:
James Patterson enters 'The No Spin Zone'This member declared not having a position on this financial instrument or a related financial instrument.
About author
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