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- 6/26/2020 -
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PACCAR Inc. (PCAR)

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Summary:
Weekly :Overbought sectorStochastic signal line moved below overbought areaPrice is near the Fibonacci 23.6% retracement level
Daily :The price has declined below the moving average in the center of the Bollinger Bands
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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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 26.10
Williams' Percentage Range (W%R) 77.60
Lane's Stochastic (%D-Slow) 41.38
Greed/Fear Indicator (GFI) 29.94
Moving Average Converg./Diverg. (MACD) 1.14
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 74.77
Williams' Percentage Range (W%R) 22.00
Lane's Stochastic (%D-Slow) 78.55
Greed/Fear Indicator (GFI) 72.24
Moving Average Converg./Diverg. (MACD) -0.74
Trading Signals
Description Value Chart
Upper Bollinger Band 77.49
Weekly Stochastic Crossing 75.62
20 Day Moving Average 74.74
Parabolic System 74.51
Daily Stochastic Crossing 73.26
Price 72.44
50 Day Moving Average 71.15
Lower Bollinger Band 69.73
Yearly Trendline Support 58.25
Sector and Industry
Description Name Rank
Sector Industrials 8
Industry Construction Machinery & Heavy Trucks 83
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 79.48
High Date 06/09/2020
Low 70.89
Low Date 06/15/2020
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 49.11
Low Date 03/23/2020
High 79.48
High Date 06/09/2020
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 83.41
High Date 12/16/2019
Low 49.11
Low Date 03/23/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 53.43
Low Date 12/26/2018
High 83.41
High Date 12/16/2019
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 89.24
Support 58.25
Low 20.38
Low Date 03/06/2009
High 83.41
High Date 12/16/2019
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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