- 6/26/2020 -
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PACCAR Inc. (PCAR)
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|It was the negative week for the PACCAR Inc. (PCAR). During the week, the PCAR dropped -2.52 points, or -3.36%, and closed at 72.44 on Friday, June 26, 2020. Weekly volume was -49% below average. |
PCAR is a member of Industrials Sector. Industrials is the second most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
Long-term trend: [See PCAR long-term trend chart]
A long-term uptrend had started on March 6, 2009 at 20.38 and reached 83.41 on December 16, 2019. PCAR gained -63.03 points, or -309.27%, in 562 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 58.25 and resistance is at 89.24. 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 uptrend had started on March 23, 2020 at 49.11 and reached 79.48 on June 9, 2020. PCAR gained -30.37 points, or -61.84%, in 11 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Weekly Technical Indicators: [See PCAR weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. 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 Lane's Stochastic help.
The weekly MACD line is above its signal line since May 15, 2020. This is an indication that the medium-term trend is up. 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 June 9, 2020 at 79.48 and reached 70.89 on June 15, 2020. PCAR lost 8.59 points, or 10.81%, in 6 days. The price is now at the 18.04% retracement level.
Daily Technical Indicators: [See PCAR daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since June 11, 2020. This is an indication that the short-term trend is down.
During the last week, the price has declined below 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.