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Archive
- 8/9/2019 -
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PACCAR Inc. (PCAR)

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Summary:
Weekly :Broken trend resistance line
Daily :20 Day Moving Average has crossed below the 50 Day Moving AverageLane's Stochastic is oversold
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It was the negative week for the PACCAR Inc. (PCAR). During the week, the PCAR dropped -2.01 points, or -2.99%, and closed at 65.21 on Friday, August 9, 2019. Weekly volume was -7% 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 54.09 and resistance is at 86.23. 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 (47.35) is broken. A broken support is considered to be a long-term bullish signal. 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 July 12, 2019. This is an indication that the medium-term trend is down. 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 July 1, 2019 at 72.86 and reached 63.95 on August 5, 2019. PCAR lost 8.91 points, or 12.23%, in 35 days. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 64.40 and resistance is at 72.19. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a short-term trend.

Daily Technical Indicators: [See PCAR daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic. 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 daily MACD line is below its signal line since July 30, 2019. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.

During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. 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) 36.46
Williams' Percentage Range (W%R) 74.60
Lane's Stochastic (%D-Slow) 17.49
Oversold
Greed/Fear Indicator (GFI) 26.46
Moving Average Converg./Diverg. (MACD) -0.78
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 38.12
Williams' Percentage Range (W%R) 75.50
Lane's Stochastic (%D-Slow) 56.09
Greed/Fear Indicator (GFI) 42.08
Moving Average Converg./Diverg. (MACD) 1.44
Trading Signals
Description Value Chart
Upper Bollinger Band 73.46
Monthly Trendline Resistance 72.77
Weekly Trendline Resistance 72.19
Monthly Trendline Support 71.44
50 Day Moving Average 69.84
Parabolic System 69.42
20 Day Moving Average 69.07
Weekly Stochastic Crossing 68.57
Daily Stochastic Crossing 65.47
Price 65.21
Weekly Trendline Support 64.40
Lower Bollinger Band 63.36
Quarterly Trendline Resistance 61.61
Yearly Trendline Support 54.09
Sector and Industry
Description Name Rank
Sector Consumer Goods 5
Industry Trucks & Other Vehicles 42
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 72.43
High Date 07/25/2019
Low 63.95
Low Date 08/05/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 72.19
Support 64.40
High 72.86
High Date 07/01/2019
Low 63.95
Low Date 08/05/2019
Description Value
Direction Up
Chart Pattern Descending Triangle
Status Broken Support
Resistance 72.77
Support 71.44
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 61.61
Support 47.35
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 86.23
Support 54.09
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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