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Construction Machinery & Heavy Trucks Industry Stocks Technical Analysis - PCARArchive
- 11/8/2024 -
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PACCAR Inc. (PCAR) Technical Analysis
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| Summary:
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| | It was a first positive week for the PACCAR Inc. (PCAR). During the week, the PCAR gained 11.10 points, or 10.75%, and closed at 114.40 on Friday, November 8, 2024. Weekly volume was 24% above average.
PCAR is a member of Industrials Sector. Industrials is the 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 (69.85) 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 95.62 and resistance is at 157.28. 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 Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is above its signal line since October 4, 2024. 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 uptrend had started on September 11, 2024 at 91.48 and reached 117.80 on November 6, 2024. PCAR gained -26.32 points, or -28.77%, in 56 days. The chart has formed a Symmetric Triangle chart pattern.
 Daily Technical Indicators: [See PCAR daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
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.
The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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.
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