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(PATK) Patrick Industries complete technical analysis [charts+indicators] | Buy/Sell Patrick Industries | (PATK) share price targets

Complete technical analysis of Patrick Industries (PATK) by charts plus indicators, forecast predictions and share price targets for Patrick Industries (PATK)

Patrick Industries trades in USA in Basic Industries sector.

Showing technical analysis as on 2024-01-16 View latest technical analysis

10 day averaged volume of Patrick Industries is 120540

Date	Daily Closing Price	Open	High	Low	Volume
16 Tue Jan 2024	95.81	97.00	97.40	95.23	0.802 times
12 Fri Jan 2024	97.70	101.39	102.25	96.63	0.802 times
12 Fri Jan 2024	97.70	101.39	102.25	96.63	0.802 times
11 Thu Jan 2024	99.33	100.72	103.26	96.79	1.003 times
10 Wed Jan 2024	98.42	96.61	98.48	95.64	0.708 times
09 Tue Jan 2024	96.61	95.83	96.79	94.61	0.614 times
08 Mon Jan 2024	96.51	95.72	97.17	95.31	0.723 times
05 Fri Jan 2024	95.22	94.39	96.74	94.39	1.319 times
04 Thu Jan 2024	95.42	95.47	95.96	94.75	0.813 times
03 Wed Jan 2024	95.16	98.65	98.65	94.94	2.018 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 96.4, but if it comes above 96.4, then a intra day buy could be more profitable.
If you take a sell trade below 96.4, then use 96.4 as stoploss and 93.9 as target. However if you take a buy trade in stock , then use 96.4 as stoploss and 98.37 as target.

Share price targets for Patrick Industries (PATK)

Target Type	Value
Downside Target	70.15
Downside Target	73.44
Downside Target	82.20
Downside Target	85.73
Downside Target	94.39
Upside Target	100.27
Upside Target	101.94
Upside Target	102.25
Upside Target	102.50
Upside Target	103.26
Upside Target	103.36

Intraday share price targets for Patrick Industries (PATK)

Target Type	Value
Downside Intraday Target	94.89
Downside Intraday Target	93.98
Upside Intraday Target	97.06
Upside Intraday Target	98.32
Upside Intraday Target	96.15

Weekly technical analysis of Patrick Industries (PATK)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Tue Jan 2024	95.81	97.00	97.40	95.23	1 times
12 Fri Jan 2024	97.70	101.39	102.25	96.63	0.208 times
12 Fri Jan 2024	97.70	95.72	103.26	94.61	0.72 times
05 Fri Jan 2024	95.22	100.75	103.36	94.39	8.017 times
29 Fri Dec 2023	100.35	101.58	101.94	100.27	0.215 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Patrick Industries (PATK)

Date	Monthly Closing Price	Open	High	Low	Volume
16 Tue Jan 2024	95.81	100.75	103.36	94.39	0.309 times
29 Fri Dec 2023	100.35	82.20	102.50	82.20	1.768 times
30 Thu Nov 2023	82.04	75.10	86.25	74.72	0.984 times
31 Tue Oct 2023	75.15	74.93	76.17	70.15	0.796 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Patrick Industries (PATK)

Price action analysis of Patrick Industries ( (PATK) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Patrick Industries ( (PATK) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Patrick Industries ( (PATK) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Patrick Industries ( (PATK) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Patrick Industries stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Patrick Industries in short term but the sell signal is initial and weak.

Patrick Industries Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Patrick Industries in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Patrick Industries is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 96.54 and Patrick Industries (PATK) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Patrick Industries (PATK) stock. Volume based technical analysis of Patrick Industries (PATK) stock is negative.

Patrick Industries Stock has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.