The Greedy Trader Weekly Analysis
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Archive
- 6/7/2019
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Patterson Companies Inc.
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Summary:
Weekly :Price is near the Fibonacci 38.2% retracement level
Daily :The price has risen above the Parabolic SARPrice is close to the 50 Day Moving Average
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It was a first positive week for the Patterson Companies Inc. (PDCO). During the week, the PDCO gained 0.74 points, or 3.52%, and closed at 21.76 on Friday, June 7, 2019. It was the best weekly gain since March 1, 2019. Weekly volume was -64% below average.

Long-term trend: [See PDCO long-term trend chart]
A long-term downtrend had started on November 27, 2018 at 26.60 and reached 18.94 on December 27, 2018. PDCO lost 7.66 points, or 28.80%, in 4 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Medium-term trend: [See PDCO medium-term trend chart]
A medium-term downtrend had started on March 1, 2019 at 23.82 and reached 20.80 on June 3, 2019. PDCO lost 3.02 points, or 12.68%, in 13 weeks. The price is now at the 31.79% retracement level.

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

The weekly MACD line is above its signal line since February 1, 2019. The distance between MACD and the signal line is low and getting smaller. Use the following link to access a MACD help.

Short-term trend: [See PDCO short-term trend chart]
A short-term uptrend had started on June 3, 2019 at 20.80 and reached 22.19 on June 5, 2019. PDCO gained -1.39 points, or -6.68%, in 2 days. The price is now at the 30.94% retracement level.

Daily Technical Indicators: [See PDCO daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since May 21, 2019. 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.

Price is close to the 50 Day Moving Average. 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) 46.47
Williams' Percentage Range (W%R) 65.20
Lane's Stochastic (%D-Slow) 55.01
Greed/Fear Indicator (GFI) 45.41
Moving Average Converg./Diverg. (MACD) -0.09
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 41.85
Williams' Percentage Range (W%R) 72.80
Lane's Stochastic (%D-Slow) 53.91
Greed/Fear Indicator (GFI) 42.89
Moving Average Converg./Diverg. (MACD) -0.41
Trading Signals
Description Value Chart
Upper Bollinger Band 22.69
20 Day Moving Average 21.97
Weekly Stochastic Crossing 21.96
50 Day Moving Average 21.95
Price 21.76
Daily Stochastic Crossing 21.65
Lower Bollinger Band 21.07
Parabolic System 20.94
Sector and Industry
Description Name Rank
Sector Services 6
Industry Medical Equip. Wholesale 102
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 20.80
Low Date 06/03/2019
High 22.19
High Date 06/05/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 23.19
High Date 05/09/2019
Low 20.80
Low Date 06/03/2019
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 23.82
High Date 03/01/2019
Low 20.80
Low Date 06/03/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 26.60
High Date 11/27/2018
Low 18.94
Low Date 12/27/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 53.07
High Date 08/18/2015
Low 18.94
Low Date 12/27/2018
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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