An interesting chart, GM and PCAR has historically moved in the same direction, PCAR makes semi trucks. The past year there has been a major divergence between the two stocks. Something has to give though.... either we go into a recession and PCAR goes down or we don't and GM goes up. Expect this gap to close in one direction or the other. I still think a...
PACCAR might potentially enter downtrend where it break the support line 101.10 USD previously and formed head and shoulders pattern at the historical high price area. Always a good opportunity if considering trading short position when just near break out line (refer to the history position of "break out" in the chart) . Now the price is just near the...
Bullish breakout of an Ascending Triangle Price sitting nicely just above the triangle / strong trend line Further upwards price should proceed
NASDAQ:PCAR Possible Scenario: LONG Evidence: Price Action This is my idea and could be wrong 100%.
PCAR PRICE TARGET 130 for April. Snake pattern high probability. Heavy funds buying last week. They are going to roll out some autonomous driving capability soon for US and they have increased their sustainability foot print, it is indeed strangely classified as ESG investment.. !?!?
This entire stock is being propped up, and as tariffs are enacted the sale of heavy trucks will decline as the trucking industry's workload declines. The sale in heavy trucks is cyclical with stocks and these stocks tend to drop the most just as heavy truck sales start to slide. Vice versa, by the time the correction in sales bottoms out stocks have already...
The price is below 30MM, and the RSI is low too. Don't buy.