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Construction Machinery & Heavy Trucks Industry Stocks Technical Analysis - PCARArchive
- 5/10/2024 -
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PACCAR Inc. (PCAR) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a first positive week for the PACCAR Inc. (PCAR). During the week, the PCAR gained 4.39 points, or 4.19%, and closed at 109.18 on Friday, May 10, 2024. It was the best weekly gain since March 22, 2024. PCAR was trading at average weekly trading volume.
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 125.50 on March 28, 2024. PCAR gained -105.12 points, or -515.80%, in 785 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (68.36) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 long-term trend.
 Medium-term trend: [See PCAR medium-term trend chart]
A medium-term uptrend had started on April 5, 2023 at 67.48 and reached 125.50 on March 28, 2024. PCAR gained -58.02 points, or -85.98%, in 51 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 93.10 and resistance is at 131.61. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern 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 April 26, 2024. Use the following link to access a MACD help.
 Short-term trend: [See PCAR short-term trend chart]
A short-term uptrend had started on April 30, 2024 at 104.23 and reached 109.66 on May 10, 2024. PCAR gained -5.43 points, or -5.21%, in 10 days. The price is now at the 8.84% 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 April 1, 2024. The distance between MACD and the signal line is low and getting smaller.
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.
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