The Greedy Trader Weekly Analysis
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Archive
- 6/7/2019
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PACCAR Inc.
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Summary:
Weekly :Broken trend resistance line
Daily :Williams' Percentage Range is overboughtPrice has crossed above the 50 Day Moving AverageDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARBroken trend resistance lineThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week after 4 consecutive negative weeks for the PACCAR Inc. (PCAR). During the week, the PCAR gained 4.40 points, or 6.68%, and closed at 70.22 on Friday, June 7, 2019. Weekly volume was -28% below average.

Long-term trend: [See PCAR long-term trend chart]
A long-term uptrend had started on March 6, 2009 at 20.38 and reached 79.69 on January 29, 2018. PCAR gained -59.31 points, or -291.02%, in 464 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 53.55 and resistance is at 85.69. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.

Medium-term trend: [See PCAR medium-term trend chart]
A medium-term downtrend had started on January 29, 2018 at 79.69 and reached 53.43 on December 26, 2018. PCAR lost 26.26 points, or 32.95%, in 47 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (49.41) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. PCAR may retest the broken resistance line. It is considered to be a support line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See PCAR weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since May 24, 2019. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See PCAR short-term trend chart]
A short-term downtrend had started on April 30, 2019 at 73.00 and reached 65.78 on May 31, 2019. PCAR lost 7.22 points, or 9.89%, in 31 days. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (65.30) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. PCAR may retest the broken resistance line. It is considered to be a support line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a short-term trend.

Daily Technical Indicators: [See PCAR daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.91
Williams' Percentage Range (W%R) 13.20
Overbought
Lane's Stochastic (%D-Slow) 70.11
Greed/Fear Indicator (GFI) 70.28
Moving Average Converg./Diverg. (MACD) -0.41
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.34
Williams' Percentage Range (W%R) 20.90
Lane's Stochastic (%D-Slow) 34.69
Greed/Fear Indicator (GFI) 55.22
Moving Average Converg./Diverg. (MACD) 1.55
Trading Signals
Description Value Chart
Upper Bollinger Band 71.16
Price 70.22
Daily Stochastic Crossing 70.04
50 Day Moving Average 69.32
20 Day Moving Average 68.44
Weekly Stochastic Crossing 68.00
Weekly Trendline Resistance 67.13
Parabolic System 66.17
Lower Bollinger Band 66.14
Weekly Trendline Support 65.30
Quarterly Trendline Resistance 63.68
Sector and Industry
Description Name Rank
Sector Consumer Goods 7
Industry Trucks & Other Vehicles 106
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 65.78
Low Date 05/31/2019
High 70.79
High Date 06/07/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 67.13
Support 65.30
High 73.00
High Date 04/30/2019
Low 65.78
Low Date 05/31/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 53.43
Low Date 12/26/2018
High 73.00
High Date 04/30/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 63.68
Support 49.41
High 79.69
High Date 01/29/2018
Low 53.43
Low Date 12/26/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 85.69
Support 53.55
Low 20.38
Low Date 03/06/2009
High 79.69
High Date 01/29/2018
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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