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PCAR Stock Tickeron detected bullish Stock Pattern: Triangle Symmetrical Bottom PCAR on November 05, 2024, netting in a 11.33% gain over 1 week

A.I.dvisor
at Tickeron.com
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+11.33% Gain from a Successful pattern Triangle Symmetrical Bottom
PCAR - PACCAR
Tickeron
Ticker: PCAR
Company: PACCAR
Gain: +11.33%
Confirmed: 11/05/24
Succeeded: 11/12/24
Total length: 13 days
On October 30, 2024, A.I.dvisor detected a Triangle Symmetrical Bottom Pattern (Bullish) for PACCAR (PCAR, $104.63). On November 05, 2024, A.I.dvisor confirmed the Bullish pattern, setting a target price of $117.08. 7 days later, on November 12, 2024, PCAR reached the target price resulting in a +1 for traders who took a long position in the stock.

PCAR sees its Stochastic Oscillator recovers from oversold territory

On November 22, 2024, the Stochastic Oscillator for PCAR moved out of oversold territory and this could be a bullish sign for the stock. Traders may want to buy the stock or buy call options. Tickeron's A.I.dvisor looked at 66 instances where the indicator left the oversold zone. In of the 66 cases the stock moved higher in the following days. This puts the odds of a move higher at over .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on November 21, 2024. You may want to consider a long position or call options on PCAR as a result. In of 91 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where PCAR advanced for three days, in of 342 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 265 cases where PCAR Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The 10-day RSI Indicator for PCAR moved out of overbought territory on November 14, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 31 similar instances where the indicator moved out of overbought territory. In of the 31 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Moving Average Convergence Divergence Histogram (MACD) for PCAR turned negative on November 19, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 40 similar instances when the indicator turned negative. In of the 40 cases the stock turned lower in the days that followed. This puts the odds of success at .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where PCAR declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

PCAR broke above its upper Bollinger Band on November 06, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 74, placing this stock better than average.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding price growth. PCAR’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: PCAR's P/B Ratio (4.062) is slightly higher than the industry average of (2.115). P/E Ratio (14.051) is within average values for comparable stocks, (25.104). Projected Growth (PEG Ratio) (5.565) is also within normal values, averaging (2.737). Dividend Yield (0.009) settles around the average of (0.055) among similar stocks. P/S Ratio (1.840) is also within normal values, averaging (122.471).

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PCAR
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General Information

a manufacturer of heavy-duty diesel trucks and related parts

Industry TrucksConstructionFarmMachinery

Profile
Fundamentals
Details
Industry
Trucks Or Construction Or Farm Machinery
Address
777-106th Avenue N.E.
Phone
+1 425 468-7400
Employees
32400
Web
https://www.paccar.com