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Archive
- 4/5/2024 -
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PACCAR Inc. (PCAR) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the PACCAR Inc. (PCAR). During the week, the PCAR dropped -1.68 points, or -1.36%, and closed at 122.21 on Friday, April 5, 2024. It was the worst weekly loss since January 5, 2024. Weekly volume was -10% below 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 (68.07) 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 price is now at the 5.67% retracement level.
 Weekly Technical Indicators: [See PCAR weekly technical indicators chart]
Weekly Relative Strength Index and Williams' Percentage Range are overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Williams' Percentage Range or strongly overbought weekly 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, Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is above its signal line since June 2, 2023. 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 January 4, 2024 at 92.69 and reached 125.50 on March 28, 2024. PCAR gained -32.81 points, or -35.40%, in 84 days. The chart has formed a Rising Channel chart pattern. The price is near the trend support (121.85) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a short-term trend.
 Daily Technical Indicators: [See PCAR daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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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