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Archive
- 4/26/2024 -
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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 after 3 consecutive negative weeks for the PACCAR Inc. (PCAR). During the week, the PCAR climbed 0.77 points, or 0.69%, and closed at 111.96 on Friday, April 26, 2024. Weekly volume was 14% above average.
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 (68.24) 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 November 1, 2023 at 80.94 and reached 125.50 on March 28, 2024. PCAR gained -44.56 points, or -55.05%, in 21 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend support line (114.00) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. PCAR may retest the broken support line. It is considered to be a resistance line now. 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 support in a medium-term trend.
 Weekly Technical Indicators: [See PCAR weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. 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 link to access Lane's Stochastic 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. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.
 Short-term trend: [See PCAR short-term trend chart]
A short-term downtrend had started on March 28, 2024 at 125.50 and reached 110.35 on April 19, 2024. PCAR lost 15.15 points, or 12.07%, in 22 days. The chart has formed a Falling Channel chart pattern. The trend support level is at 107.38 and resistance is at 114.05. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a short-term trend.
 Daily Technical Indicators: [See PCAR daily technical indicators chart]
Daily Relative Strength Index and Williams' Percentage Range are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Relative Strength Index and Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Use the following links to access Relative Strength Index and Williams' Percentage Range help.
The daily MACD line is below its signal line since April 1, 2024. This is an indication that the short-term trend is down.
 Candlestick pattern: [See PCAR candlestick chart pattern]
On Friday the chart has formed a Bullish Doji Candlestick pattern. Use the Technical Stock Screener to see the list of stocks that had a Bullish Doji Candlestick pattern during the last week.
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