PROCORE TECHNOLOGIES INC (PCOR) Stock Technical Analysis
NYSE:PCOR - New York Stock Exchange, Inc. - US74275K1088 - Common Stock - Currency: USD
Overall PCOR gets a technical rating of 3 out of 10. In the past year, PCOR was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
64% of all other stocks performed better in the past year than PCOR.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
PCOR has an average volume of 1324860 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
PCOR is an average performer in the Software industry, it outperforms 42% of 283 stocks in the same industry.
PCOR is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so PCOR is lagging the market slightly.
In the last month PCOR has a been trading in the 64.40 - 73.24 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, PCOR does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 67.55, a Stop Loss order could be placed below this zone.
More info and screens
51.52
73.12
6 important support areas can be observed.
- A support zone ranging from 66.97 to 67.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 64.99 to 65.67. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @58.39 from a trend line in the weekly time frame.
- Support @57.16 from a trend line in the daily time frame.
- Support @54.67 from a trend line in the weekly time frame.
- Support @52.04 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @71.08 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 72.35 to 72.40. This zone is formed by a combination of multiple trend lines in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for PCOR is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for PCOR is up. |
| ChartMill Relative Strength | 36.2 | NEUTRAL | PCOR is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of PCOR is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of PCOR is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of PCOR is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.83 | NEUTRAL | The RSI value for PCOR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.22 | NEGATIVE | The MACD value suggests PCOR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 47.22 | NEUTRAL | The Stochastics value for PCOR is a neutral value. |
| Average True Range in percent/ATR (20) | 3.04 | MEDIUM VOLATILITY | The ATR as a percentage value for PCOR suggests some volalility. |
| Average Directional Index/ADX (14) | 15.15 | NEGATIVE | The low ADX value for PCOR suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
67.86
-0.12 (-0.18%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-0.18%
1 Week1.03%
2 Weeks0.28%
1 Month2.2%
3 Month-7.37%
6 Month-18.24%
12 Month2.9%
2 Year4.29%
3 Year49.5%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.81
ATR(20)%3.04%
ATR Inc-2.37%
Range Today1.89
ADR(20)1.85
ADR(20)%2.73%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS36.2
Mansfield-0.49
10 Day High69.25
10 Day Low64.4
20 Day High73.24
20 Day Low64.4
52 Week High88.92
52 Week Low49.46
CS1 End67.55
CR1 Start68.08
Volume & EV
DER(3)1.66%
DER(5)1.43%
Volume874.60K
Volume Incr-10.89%
Vol(5)1.02M
Vol(50)1.32M